The financial crisis has been in full swing for four years now, but it had been brewing for some time longer. Unfortunately, the warnings of the more prescient economists went unhe[...]
Romano Prodi is a firm believer in the philosophy of President Obama: “the world is a complicated thing.” And it is from this phrase – in an exclusive interview with the newsletter[...]
Forty years ago, in the same month of August, a formidable blow hit the monetary system: Richard Nixon put an abrupt end to the convertibility of US dollar into gold[...]
A harsh editorial by Xin Hua was the answer to the USA’s downgrading by Standard&Poors.[...]