Austerity

Brexit hasn’t ruined it for Scotland, but is the EU model the only one?

Scotland can leave the United Kingdom, but being a part of the European Union will bring its own set of unique problems.

Can Egypt’s economy afford a military adventure in Libya?

A war is the last thing President Abdel Fattah el Sisi wants at a time when Egyptians are reeling from poverty and economic suffering.

Can John Maynard Keynes once again save the world?

Governments are spending like never before and many observers are weighing up whether it's the time for Keynesianism to rise from the dead.

Argentine president announces salary hikes, tax cuts, after poll setback

The peso got slammed for a third day on Wednesday, despite President Mauricio Macri's measures to soften the impact of austerity on voters.

Protests continue in Jordan against tight austerity measures

Jordan has a high public debt and has taken in millions of refugees from conflicts in the region.

Four EU member states that threaten the union’s welfare

France, Italy, Spain and Greece have been experiencing economic recessions, causing difficulties for their citizens.

Argentina to tax grain exports, slash ministries to balance budget

President Mauricio Macri warned poverty levels would rise due to inflation running at more than 30 percent but said the government would make an effort to bolster some social programmes.

Greek sailors extend strike, leave thousands stranded

Unions are seeking a five percent pay rise after an eight-year pay freeze under Greece's international bailout programme, which ended last month.

Greece leaves bailouts behind after biting austerity

Greece returns to growth for the first time since 2010 as its once vast public deficit is turned into a solid budget surplus.

Will recent protests in Jordan lead to a revitalised civil society?

Jordanian civil society secured a big victory when protests led to the resignation of the country's prime minister and the repeal of a controversial tax code. The real question is whether Jordanians can sustain the momentum for genuine reforms.

Jordan's King Abdullah expected to ask PM to resign

The dismissal of PM Hani Mulki was demanded in a series of protests against IMF-backed tax increases that have shaken the kingdom.

Greek workers strike against bailout reforms

More than 10,000 striking workers, youths and pensioners marched to parliament around noon to protest against a new wave of austerity measures due to begin after the current international bailout expires in August.