Many African countries continue to creep along a predetermined path that takes them away from any real possibility to defend their sovereignty and meet the needs of their people.
Lord Palmerston, Britain’s 19th-century prime minister, was reputedly the first person to have coined the phrase that Nations have no permanent friends or allies, they only have permanent interests. Many…
No one seems to really believe the latest bailout plan will work without debt relief. But the only way to get Greece to adopt essential reforms is to pretend it isn’t in the cards.
If Greece exited the Eurozone it would face several years of economic chaos. But it would be the master of its own destiny. The current EU offer will further destroy the Greek economy.
When the International Monetary Fund (IMF) criticises the European Union’s policies toward Greece as too harsh and threatens not to co-operate, we should pay attention. The IMF, after all, has developed…
Some, including Greece’s ex-Finance Minister Varoufakis, have warned that the bailout’s austerity will strengthen extremist parties like Golden Dawn. They’re wrong.
Greece can learn a lot from Africa’s 1980s and 1990s experience of living with structural adjustment (austerity). The damage has been long-lasting – not only on economies, but also directly on people.
Backed into a corner as the banks reached the brink, the Greek prime minister may have fashioned some sort of success, and the prospect of something approaching debt relief a little down the line.