Tag #Economic Crisis

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aljazeera.com

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Sep 9, 04:19

Argentina's Peso Plummets After Peronist Election Win

Following a significant Peronist victory in Argentinan local elections, the peso fell to a record low against the US dollar, and the benchmark stock index plunged by 10.5 percent, raising concerns about the government's economic reform agenda.

Argentina's Peso Plummets After Peronist Election Win

Following a significant Peronist victory in Argentinan local elections, the peso fell to a record low against the US dollar, and the benchmark stock index plunged by 10.5 percent, raising concerns about the government's economic reform agenda.

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What was the immediate market reaction to the Peronist electoral victory in Argentina?

The peso depreciated nearly 5 percent against the US dollar, reaching a historic low of 1434 per greenback. Concurrently, Argentina's benchmark stock index plummeted by 10.5 percent, and its US-traded stocks fell over 15 percent. Some international bonds experienced their most significant declines since 2020.

dw.com

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Sep 8, 13:21

French Prime Minister Faces No-Confidence Vote Amidst Economic Crisis

French Prime Minister François Bayrou, in office for only nine months, is facing a no-confidence vote today, amidst a high public debt and rising political instability, particularly concerning as tensions rise between Russia and Ukraine.

French Prime Minister Faces No-Confidence Vote Amidst Economic Crisis

French Prime Minister François Bayrou, in office for only nine months, is facing a no-confidence vote today, amidst a high public debt and rising political instability, particularly concerning as tensions rise between Russia and Ukraine.

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What are the broader implications of this political instability for France and the European Union?

The potential downfall of Bayrou marks the sixth prime minister appointed by President Macron since 2017, highlighting significant political instability. This uncertainty comes at a critical time for France, a key member of the European Union, as tensions between Russia and Ukraine escalate.

lemonde.fr

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Sep 8, 13:20

Senegal Forms New Government Amid Economic Crisis

President Bassirou Diomaye Faye of Senegal appointed a new government on September 6th, 2024, replacing the Ministers of Justice and Interior, and the Minister of Foreign Affairs, due to an inherited difficult economic situation and criticism of slow judicial investigations.

Senegal Forms New Government Amid Economic Crisis

President Bassirou Diomaye Faye of Senegal appointed a new government on September 6th, 2024, replacing the Ministers of Justice and Interior, and the Minister of Foreign Affairs, due to an inherited difficult economic situation and criticism of slow judicial investigations.

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What are the key changes in Senegal's new government, and what prompted these changes?

The new government features Cheikh Niang as the Minister of Foreign Affairs, replacing Yassine Fall, who was appointed Minister of Justice. Mouhamadou Bamba Cissé is the new Minister of Interior. These changes follow criticism of slow judicial investigations into violence and the previous administration's handling of key economic indicators.

news.sky.com

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Sep 7, 07:17

France Faces Potential Fifth Prime Minister in Two Years Amidst Economic Crisis

France's Prime Minister, Francois Bayrou, faces a no-confidence vote on Monday, potentially leading to the country's fifth prime minister in less than two years amidst a significant economic crisis and the threat of civil unrest.

France Faces Potential Fifth Prime Minister in Two Years Amidst Economic Crisis

France's Prime Minister, Francois Bayrou, faces a no-confidence vote on Monday, potentially leading to the country's fifth prime minister in less than two years amidst a significant economic crisis and the threat of civil unrest.

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How do the proposed budget cuts and the opposition's stance contribute to the crisis?

Bayrou's proposed £40 billion in budget cuts, including eliminating two public holidays, have sparked public anger. The Socialist Party and National Rally oppose these cuts, offering alternatives, but their conflicting approaches highlight the deep political divisions hindering a solution and exacerbating the economic crisis.

zeit.de

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Sep 5, 13:19

German Intergenerational Contract at Risk Due to Economic and Social Imbalances

A recent survey reveals that 84% of Germans believe future generations will face worse conditions, jeopardizing the traditional intergenerational contract and threatening Germany's economic stability, social cohesion, and political stability.

German Intergenerational Contract at Risk Due to Economic and Social Imbalances

A recent survey reveals that 84% of Germans believe future generations will face worse conditions, jeopardizing the traditional intergenerational contract and threatening Germany's economic stability, social cohesion, and political stability.

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What factors contribute to the growing anxieties of the younger generation in Germany?

Younger Germans fear climate change, natural disasters, war, and democratic weakening—all global issues. Domestically, they worry about job losses due to weak economic growth, collapsing social systems, and limited opportunities due to socioeconomic disparities, with many facing poverty and rising contributions to social security in an aging population.

kathimerini.gr

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Sep 2, 16:18

Turkish-Occupied Cyprus Gambles on Casinos Amidst Economic Crisis

Faced with economic hardship, the Turkish-occupied Cypriot administration is aggressively expanding its casino industry, despite concerns about potential increases in money laundering and corruption, further hindering a Cyprus settlement.

Turkish-Occupied Cyprus Gambles on Casinos Amidst Economic Crisis

Faced with economic hardship, the Turkish-occupied Cypriot administration is aggressively expanding its casino industry, despite concerns about potential increases in money laundering and corruption, further hindering a Cyprus settlement.

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What are the underlying economic factors driving this decision, and what are the potential consequences?

The Turkish Cypriot administration is heavily reliant on Turkish support, but with Turkey's economic instability and inflation soaring, this gamble on casinos is seen as a last resort to generate revenue and attract Turkish tourists. The risks include exacerbating existing economic vulnerabilities and undermining attempts toward reconciliation.

elmundo.es

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Sep 9, 04:19

French Political Instability Shakes European Confidence

The fall of French Prime Minister François Bayrou has sparked concerns in Europe, particularly given the complex geopolitical landscape and France's key role alongside Germany in addressing the Ukraine war and other crises.

French Political Instability Shakes European Confidence

The fall of French Prime Minister François Bayrou has sparked concerns in Europe, particularly given the complex geopolitical landscape and France's key role alongside Germany in addressing the Ukraine war and other crises.

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Peace, Justice, and Strong Institutions

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How does the French political crisis affect the EU's response to other pressing issues?

France's internal struggles divert attention and resources from pressing issues like the war in Ukraine, the conflict in Gaza, and strained relations with the US and China. This weakens the EU's collective response, potentially leading to delayed or less effective actions.

kathimerini.gr

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Sep 8, 22:22

French Prime Minister Out Amidst Economic Crisis

French Prime Minister François Bayrou faces a no-confidence vote in parliament, likely leading to his dismissal and pushing the Eurozone's second-largest economy into further crisis due to a large public deficit and debt.

French Prime Minister Out Amidst Economic Crisis

French Prime Minister François Bayrou faces a no-confidence vote in parliament, likely leading to his dismissal and pushing the Eurozone's second-largest economy into further crisis due to a large public deficit and debt.

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Decent Work and Economic Growth

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What are the potential future scenarios and long-term implications for France?

President Macron could appoint a new Prime Minister from the center-left, socialists, or potentially a technocrat. However, early elections remain uncertain. Continued political instability and potential further social unrest pose significant risks to the long-term economic stability and social cohesion of France.

lemonde.fr

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Sep 8, 19:21

French Prime Minister Bayrou Faces No-Confidence Vote

French Prime Minister François Bayrou delivered his likely final address to the National Assembly, defending his request for a confidence vote and outlining the dire state of French public finances.

French Prime Minister Bayrou Faces No-Confidence Vote

French Prime Minister François Bayrou delivered his likely final address to the National Assembly, defending his request for a confidence vote and outlining the dire state of French public finances.

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What is the immediate consequence of Prime Minister Bayrou's request for a confidence vote?

The confidence vote could lead to Bayrou's resignation if it fails. His speech highlighted France's severe public debt as the reason for the vote, emphasizing the risk of inaction.

cnn.com

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Sep 5, 04:17

US Strike on Venezuelan Speedboat Creates Geopolitical Tension, but Daily Life Continues as Normal for Many

A US strike on a Venezuelan speedboat allegedly carrying drugs, killing 11, has heightened geopolitical tensions, prompting a response from President Maduro, but many Venezuelan citizens, particularly fishermen and small business owners, continue daily life relatively unaffected.

US Strike on Venezuelan Speedboat Creates Geopolitical Tension, but Daily Life Continues as Normal for Many

A US strike on a Venezuelan speedboat allegedly carrying drugs, killing 11, has heightened geopolitical tensions, prompting a response from President Maduro, but many Venezuelan citizens, particularly fishermen and small business owners, continue daily life relatively unaffected.

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What are the immediate impacts of the US strike on Venezuelan citizens?

The US strike, while prompting strong reactions from President Maduro, has not significantly impacted daily life for many ordinary Venezuelans. Fishermen in Chichiriviche continue their work, and small business owners in Caracas focus on their livelihoods, showing resilience amid the heightened geopolitical tension.

kathimerini.gr

🌐 75% Global Worthiness

Sep 4, 01:18

Greek Retail Sales Decline Amid Inflation

During the first half of 2025, Greek retail sales excluding supermarkets, fuel, and vehicles, saw a nominal increase of only 1.4%, lagging behind inflation at 2.5%, resulting in a real decrease of 0.3% compared to the same period in 2024.

Greek Retail Sales Decline Amid Inflation

During the first half of 2025, Greek retail sales excluding supermarkets, fuel, and vehicles, saw a nominal increase of only 1.4%, lagging behind inflation at 2.5%, resulting in a real decrease of 0.3% compared to the same period in 2024.

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How did the inflation crisis affect different sized retail businesses in Greece?

Large retailers saw a 9.2% nominal sales increase (7.3% real), while medium-sized businesses experienced stagnation. Small businesses faced a 4% nominal decrease (5.6% real), and very small businesses a 2.3% real decrease, highlighting the disproportionate impact on smaller enterprises.

forbes.com

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Sep 1, 04:14

Minsky's Financial Instability Hypothesis and the Fragility of the US Economy in 2025

Analysis using Hyman Minsky's Financial Instability Hypothesis (FIH) reveals increasing fragility in the US economy in 2025, driven by factors such as high federal debt, a rapidly growing shadow banking sector, and signs of Ponzi finance.

Minsky's Financial Instability Hypothesis and the Fragility of the US Economy in 2025

Analysis using Hyman Minsky's Financial Instability Hypothesis (FIH) reveals increasing fragility in the US economy in 2025, driven by factors such as high federal debt, a rapidly growing shadow banking sector, and signs of Ponzi finance.

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What is the current state of leverage in the U.S. economy, and what are the implications?

The U.S. federal budget deficit is approximately 7% of GDP, significantly exceeding the desirable 3%. Projected deficits are set to double over the next decade, and interest costs on federal debt have nearly tripled since 2021, soon consuming a third of annual tax revenue. This high leverage increases the risk of a financial crisis.

Showing 13 to 24 of 505 results