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Over the last two weeks, Turkish diplomacy went all out to capitalise on the country’s increasing international clout. President Abdullah Gul has made a 4-day visit to Germany, Turkey’s main European partner, whereas premier Erdogan has made a highly publicised visit to Egypt and has recently met with President Obama in New York to discuss… » read more

Posted by Florian Pantazi

Resolving the EU’s debt crisis might be affected by political indecision. America’s economic recovery, however, is affected by political infighting and proposals of Keynesian-style stimulus packages that have no chance of being adopted by Congress and are inappropriate at this junction in time. The lessons of the 1980’s recovery could help end the current policy… » read more

Posted by Florian Pantazi

Is the eurozone shrinking ?

Over the next few days, EU political leaders have to decide what to do about the Greek debt crisis. Leading economists and quite a number of EU politicians are deeply divided when it comes to putting together another large financial rescue package. Economists like Professor Hans-Werner Sinn and Professor Kenneth Rogoff argue for a shrinking… » read more

Posted by Florian Pantazi

Major trouble, we learn from the Chinese, can be likened to a tunnel we have to go through until we reach the other side. It is hard to say whether the sovereign debt crisis that hit the eurozone two years ago is about to be dealt with more decisively this fall. To be sure, a… » read more

Posted by Florian Pantazi