The traditional feudal society behind the façade of a modern liberal democracy has been revealed after the Delhi rape. It has also highlighted the increasingly bitter clash of civilisations within a civilisation. Although column inches, candles and slogans have been liberally expended over yet another tragic case, it is far...
Northern European strength is not infinite and neither is its patience, reflects Shashank Khare as Germany reacts to recent political developments
A single-pronged approach is unlikely to solve the problems inherent in the current model for credit rating agencies.
Germany’s hesitancy in signing a blank cheque to end the Eurozone debt crisis bewilders the world but is understandable in light of the German experience.
Despite denials, Portugal looks to follow the precedent laid down in the Greek debt restructuring. “Never believe anything until it is officially denied.” – Rt. Hon. James Hacker “Feb. 6 (Bloomberg) -- Portugal “expressly” denies that it’s sounding out advisers on options to restructure its debt, the Finance Ministry said...
The economics behind the financial crisis. ‘Don’t fix it if it ain’t broke’ is a maxim that neatly encapsulates human tendency to stick to a strategy which has proven successful in the past and to apply it to new situations. The problem is not that it isn’t true but...
