Tag #Economic Crisis

cincodias.elpais.com
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Spain's Bank Tax: A €1.695 Billion Band-Aid on Systemic Issues

Spain's temporary bank tax, intended to address excessive profits, raised €1.695 billion in 2024, but critics argue it's an ineffective solution to systemic issues, highlighting the inadequacy of the Deposit Guarantee Fund and proposing alternative solutions like eliminating fractional reserve banki...

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68% Bias Score

Reduced Inequality
global.chinadaily.com.cn
🌐 85% Global Worthiness
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Austria's Coalition Talks Collapse, Paving Way for Far-Right Government

Austrian Chancellor Karl Nehammer resigned after coalition talks collapsed due to budget disputes, prompting President Alexander Van der Bellen to invite the far-right Freedom Party (FPO), which won September's election, to form a government; the next government faces an 18-24 billion euro savings c...

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36% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Dajabón Border Market: A Lifeline and Economic Engine Amidst Instability

The Dajabón border market, open Mondays and Fridays, facilitates substantial informal trade between the Dominican Republic and Haiti, generating nearly $430 million annually, despite limitations in infrastructure and challenges posed by Haiti's instability.

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40% Bias Score

Zero Hunger
europe.chinadaily.com.cn
🌐 75% Global Worthiness
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Austrian Chancellor Resigns After Coalition Talks Collapse

Austrian Chancellor Karl Nehammer resigned Saturday after coalition talks collapsed due to disagreements over economic policies, leaving Austria to grapple with an €18-24 billion budget shortfall and a worsening economic crisis three months after parliamentary elections.

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44% Bias Score

Reduced Inequality
welt.de
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German Entrepreneurs Warn of National Crisis, Call for Policy Change

Unternehmer in Bewegung", a German entrepreneurial group, warns of a national crisis stemming from rising costs of living, failing infrastructure, and an unresponsive government, advocating for pragmatic policy changes and renewed national unity.

Progress

60% Bias Score

Peace, Justice, and Strong Institutions
cnbc.com
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Eurozone Faces Economic Uncertainty as Germany and France Lack 2025 Budgets

Germany and France's lack of 2025 budgets due to political infighting and economic challenges raises concerns about the Eurozone's future, with economists warning of potential decline and loss of standing in a world marked by superpower rivalry.

Progress

40% Bias Score

Decent Work and Economic Growth
apnews.com
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Mahama Sworn In as Ghana's President Amidst Economic Crisis

John Mahama was sworn in as Ghana's president on Tuesday for a third term, promising to tackle the country's worst economic crisis in a generation, corruption and unemployment, following a largely peaceful election.

Progress

44% Bias Score

No Poverty
forbes.com
🌐 85% Global Worthiness
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Bitcoin Surges Past \$100,000 Amidst U.S. Reserve Speculation

Bitcoin's price exceeded \$100,000 due to speculation about Elon Musk and a potential U.S. bitcoin reserve; analysts predict a \$225,000 price by 2025 based on factors like a favorable regulatory environment and institutional adoption, while others remain skeptical.

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56% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Romania's Austerity Measures Risk Fueling Social Unrest

Romania's government implemented austerity measures, including salary and benefit freezes, to reduce its budget deficit, but this risks increasing social unrest and strengthening extremist groups ahead of the March 2025 presidential elections, following canceled elections and a difficult government ...

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48% Bias Score

Reduced Inequality
elpais.com
🌐 90% Global Worthiness
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Syria's Post-Rebellion Economy: Devastation and Struggle for Survival

Following the rebel takeover of Damascus, daily life has resumed, though the Syrian economy remains devastated by over a decade of war, stringent international sanctions, and hyperinflation, leaving 90% of Syrians in poverty and the per capita income at roughly \$1,000.

Progress

44% Bias Score

No Poverty
edition.cnn.com
🌐 85% Global Worthiness
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US Debt Ceiling Reinstated, Setting Stage for January Showdown

The US debt ceiling was reinstated Thursday at nearly $36.2 trillion, but a projected dip in debt allows for continued borrowing until at least mid-January; President-elect Trump is demanding immediate action, while Republicans face internal divisions over spending cuts, setting up a major challenge...

Progress

44% Bias Score

Reduced Inequality
welt.de
🌐 75% Global Worthiness
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Record German Employment in 2024 Masks Underlying Economic Weakness

Germany's employment reached a record 46.1 million in 2024 despite economic recession, due to increased immigration and domestic workforce participation; however, job losses in manufacturing and construction offset gains in the service sector, leading to predictions of rising unemployment in 2025.

Progress

44% Bias Score

Decent Work and Economic Growth