Tag #Economic Crisis

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corriere.it

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Jul 21, 10:12

Shorter Italian Vacations Reflect Economic Hardship

Italian family vacations are significantly shorter this year, averaging 2.64 days due to decreased disposable income caused by 25 years of below-average wages and a 7% drop since 2021, impacting domestic tourism but not necessarily overall tourism numbers.

Shorter Italian Vacations Reflect Economic Hardship

Italian family vacations are significantly shorter this year, averaging 2.64 days due to decreased disposable income caused by 25 years of below-average wages and a 7% drop since 2021, impacting domestic tourism but not necessarily overall tourism numbers.

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What are the primary economic factors driving the decrease in the length of Italian family vacations?

The number of Italian tourists taking extended vacations has significantly decreased, with the average stay now at 2.64 days, primarily due to reduced disposable income and increased living costs.

elpais.com

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Jul 20, 13:11

Morales's Exclusion from Bolivian Election Fuels Unrest Amidst Economic Crisis

Former Bolivian president Evo Morales, barred from running in the upcoming August 17th election, is fueling social unrest through accusations of government manipulation, threatening the stability of the country which is already suffering from a severe economic crisis.

Morales's Exclusion from Bolivian Election Fuels Unrest Amidst Economic Crisis

Former Bolivian president Evo Morales, barred from running in the upcoming August 17th election, is fueling social unrest through accusations of government manipulation, threatening the stability of the country which is already suffering from a severe economic crisis.

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How does the deep economic crisis in Bolivia contribute to the current political polarization and potential for social unrest?

The conflict stems from deep political divisions and Bolivia's severe economic crisis, reflected in its high inflation rate. Morales maintains significant popular support, potentially influencing undecided voters and impacting the election outcome. The opposition's unity against the MAS government, focused on economic solutions, adds another layer to the complex political landscape.

dw.com

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Jul 18, 19:15

France Proposes Eliminating Two National Holidays to Tackle Budget Deficit

French Prime Minister François Bayrou proposed eliminating Easter Monday and May 8 as national holidays to generate €44 billion for the 2026 budget, aiming to reduce France's deficit; however, this sparked immediate protests from the opposition and unions.

France Proposes Eliminating Two National Holidays to Tackle Budget Deficit

French Prime Minister François Bayrou proposed eliminating Easter Monday and May 8 as national holidays to generate €44 billion for the 2026 budget, aiming to reduce France's deficit; however, this sparked immediate protests from the opposition and unions.

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How does the opposition's reaction to Bayrou's proposal reflect broader political and social divisions in France?

Bayrou's proposal, part of a broader effort to reduce France's public deficit and debt, has sparked strong opposition from political parties across the spectrum. The opposition argues that eliminating these holidays is an attack on French history and national identity, while unions also expressed concern.

abcnews.go.com

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Jul 16, 07:11

Cuban Minister Resigns After Denying Begging Amidst Economic Crisis

Cuban Minister of Labor and Social Security Marta Elena Feitó Cabrera resigned Tuesday after sparking outrage for denying the existence of beggars in Cuba, citing an economic crisis that has reduced pensions to about $5 USD monthly, leading to increased poverty and visible begging.

Cuban Minister Resigns After Denying Begging Amidst Economic Crisis

Cuban Minister of Labor and Social Security Marta Elena Feitó Cabrera resigned Tuesday after sparking outrage for denying the existence of beggars in Cuba, citing an economic crisis that has reduced pensions to about $5 USD monthly, leading to increased poverty and visible begging.

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How does the current economic situation in Cuba contribute to the social issues highlighted by Feitó's comments?

Feitó's comments are especially jarring given Cuba's current economic crisis, which has seen a significant decline in GDP (-1.1% in 2024, accumulating to -11% over the past five years). This crisis has resulted in increased social vulnerability, leading to previously unusual scenes like elderly people begging or scavenging for food. A retiree's pension is roughly $5 USD, insufficient to buy even a carton of eggs, forcing many to resort to extreme measures for survival.",

dw.com

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Jul 16, 07:11

Cuban Labor Minister Resigns After Denying Existence of Beggars

Cuban Labor Minister Marta Elena Feitó resigned on July 15, 2025, after President Miguel Díaz-Canel publicly criticized her statement denying the existence of beggars in Cuba, a statement that sparked outrage and highlighted the country's economic struggles.

Cuban Labor Minister Resigns After Denying Existence of Beggars

Cuban Labor Minister Marta Elena Feitó resigned on July 15, 2025, after President Miguel Díaz-Canel publicly criticized her statement denying the existence of beggars in Cuba, a statement that sparked outrage and highlighted the country's economic struggles.

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What are the potential long-term implications of this incident for the Cuban government's social policies and public perception?

Feitó's resignation and Díaz-Canel's subsequent acknowledgement of social inequalities and the existence of vulnerable individuals signal a potential shift in the government's approach to poverty. However, the extent of this shift remains uncertain, particularly given the persistent economic challenges and the government's limited willingness to address the root causes of these inequalities.

pt.euronews.com

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Jul 16, 22:13

France Announces €43.8 Billion Austerity Plan

The French government plans €43.8 billion in cuts to reduce the deficit from 2026, including freezing pensions and reducing retiree subsidies, resulting in opposition and potential social unrest.

France Announces €43.8 Billion Austerity Plan

The French government plans €43.8 billion in cuts to reduce the deficit from 2026, including freezing pensions and reducing retiree subsidies, resulting in opposition and potential social unrest.

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How will the proposed changes to pension and healthcare systems affect different socioeconomic groups in France?

These austerity measures aim to decrease France's public deficit by €43.8 billion. Freezing pensions and reducing retiree subsidies, while intended to curb spending, disproportionately affects low-income individuals. The €5 billion healthcare cut, involving increased medication franchise and reform of long-term illness benefits, also generates opposition.

bbc.com

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Jul 20, 19:12

Pakistan Nationwide Strike Protests Controversial Finance Act Measures

A nationwide strike by Pakistani industrialists and traders on Saturday protested new Finance Act measures, including expanded tax fraud definitions and regulations on cash payments, leading to widespread business closures in major cities but uneven impact across the country due to internal disagree...

Pakistan Nationwide Strike Protests Controversial Finance Act Measures

A nationwide strike by Pakistani industrialists and traders on Saturday protested new Finance Act measures, including expanded tax fraud definitions and regulations on cash payments, leading to widespread business closures in major cities but uneven impact across the country due to internal disagree...

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What immediate economic consequences resulted from the nationwide strike in Pakistan, and what is its global significance?

On Saturday, Pakistan witnessed a nationwide strike by industrialists and traders, impacting Karachi and Lahore most significantly, where approximately 90% of businesses remained closed. The strike, initially called by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), was later suspended after negotiations with the government, although some regional chambers maintained their protests.", A2="The strike stemmed from opposition to new Finance Act measures, primarily sections 37A and 37B, granting the Federal Board of Revenue (FBR) powers to arrest individuals suspected of tax fraud exceeding PKR 50 million, subject to a three-member committee approval. Disagreements among business organizations regarding the strike's continuation contributed to its uneven impact across the country.", A3="The Finance Act's controversial provisions, particularly the expanded definition of tax fraud and the 200,000 PKR cash payment threshold, raise concerns about potential misuse and disproportionate impact on compliant taxpayers. The government's response, including the formation of a review committee, suggests a willingness to address these issues, but the long-term effects on investor confidence and economic activity remain uncertain.", Q1="What immediate economic consequences resulted from the nationwide strike in Pakistan, and what is its global significance?", Q2="What specific measures in the Finance Act sparked the protests, and how did the government respond to the concerns raised by business organizations?", Q3="What are the potential long-term consequences of the Finance Act's provisions on Pakistan's economy, particularly concerning tax compliance and investor confidence?", ShortDescription="A nationwide strike by Pakistani industrialists and traders on Saturday protested new Finance Act measures, including expanded tax fraud definitions and regulations on cash payments, leading to widespread business closures in major cities but uneven impact across the country due to internal disagreements within business organizations. The government responded with negotiations and a review committee. ", ShortTitle="Pakistan Nationwide Strike Protests Controversial Finance Act Measures"))

zeit.de

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Jul 19, 16:12

UK Economic Stagnation Fuels Public Discontent Under Labour Government

High national debt and economic stagnation following a year of Labour rule in the UK are causing widespread public discontent, impacting everyday life and boosting the popularity of opposition parties.

UK Economic Stagnation Fuels Public Discontent Under Labour Government

High national debt and economic stagnation following a year of Labour rule in the UK are causing widespread public discontent, impacting everyday life and boosting the popularity of opposition parties.

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How has the combination of past economic crises, Brexit, and leadership changes contributed to the current economic stagnation in the UK?

The economic woes stem from a combination of austerity measures, Brexit, the pandemic, and the war in Ukraine, creating persistent economic uncertainty. This has led to decreased investment and a lack of clear direction, further exacerbated by frequent changes in leadership. The current government's inability to deliver promised improvements fuels public discontent.

europe.chinadaily.com.cn

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Jul 17, 07:11

France Faces Political Crisis Over Controversial 43.8 Billion Euro Spending Cut Plan

French Prime Minister Francois Bayrou's plan to cut 43.8 billion euros from state spending, including the controversial cancellation of two public holidays, faces strong opposition and threatens a government crisis. This aims to reduce France's public deficit to meet EU requirements, but triggers so...

France Faces Political Crisis Over Controversial 43.8 Billion Euro Spending Cut Plan

French Prime Minister Francois Bayrou's plan to cut 43.8 billion euros from state spending, including the controversial cancellation of two public holidays, faces strong opposition and threatens a government crisis. This aims to reduce France's public deficit to meet EU requirements, but triggers so...

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What are the long-term economic and social implications of Bayrou's plan, and how might it reshape the political landscape of France?

The success of Bayrou's plan hinges on achieving cross-party support, which is uncertain given the strong opposition. Failure could trigger a government crisis. The long-term impact on social cohesion and economic growth remains uncertain, with potential for widespread social unrest if the plan proceeds without significant modification. The debate over canceling historically significant holidays reveals deep societal divisions about economic priorities and national identity.

dailymail.co.uk

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Jul 16, 04:12

UK Faces Looming Debt Crisis: OBR Warns of Unsustainable Trajectory

The UK's national debt is projected to surge from 100% to 270% of GDP in coming decades, prompting warnings from the Office for Budget Responsibility (OBR) about the risks of high debt levels and the need for urgent action.

UK Faces Looming Debt Crisis: OBR Warns of Unsustainable Trajectory

The UK's national debt is projected to surge from 100% to 270% of GDP in coming decades, prompting warnings from the Office for Budget Responsibility (OBR) about the risks of high debt levels and the need for urgent action.

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What are the immediate implications of the UK's projected surge in national debt to 270% of GDP?

Britain's national debt, currently at 100% of GDP, is projected to reach 270% in the coming decades, according to the Office for Budget Responsibility (OBR). This unsustainable trajectory raises concerns about the UK's economic stability and ability to meet its commitments. The OBR chairman highlighted the risks associated with this high debt level, particularly considering the country's vulnerability to economic shocks.

lemonde.fr

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Jul 16, 13:14

Bayrou's 43.8 Billion Euro Plan to Tackle France's Debt Crisis

French Prime Minister François Bayrou unveiled a 43.8 billion euro recovery plan for 2026, featuring spending cuts, tax increases, a freeze on benefits, and the elimination of two public holidays, to combat France's debt crisis and enhance competitiveness, despite facing significant political opposi...

Bayrou's 43.8 Billion Euro Plan to Tackle France's Debt Crisis

French Prime Minister François Bayrou unveiled a 43.8 billion euro recovery plan for 2026, featuring spending cuts, tax increases, a freeze on benefits, and the elimination of two public holidays, to combat France's debt crisis and enhance competitiveness, despite facing significant political opposi...

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What are the immediate economic and social consequences of Bayrou's proposed budget, and how does it address France's debt crisis?

French Prime Minister François Bayrou announced a "moment of truth" 43.8 billion euro recovery plan for 2026, including 20.8 billion euros in budget and social spending cuts and 10 billion euros in tax increases. Key measures are a freeze on tax brackets, pensions, and social benefits ("année blanche") and the elimination of two public holidays. This follows a speech to the armed forces invoking the country's precarious situation.

cnn.com

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Jul 16, 16:16

Warren Warns of Economic Crash Risk Due to Trump's Policies

Senator Elizabeth Warren warns that President Trump's economic policies—tariffs, tax cuts, and deregulation—risk causing a financial crisis similar to 2008, due to rising consumer debt, reduced business investment, and increased prices.

Warren Warns of Economic Crash Risk Due to Trump's Policies

Senator Elizabeth Warren warns that President Trump's economic policies—tariffs, tax cuts, and deregulation—risk causing a financial crisis similar to 2008, due to rising consumer debt, reduced business investment, and increased prices.

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What are the primary risks to the US economy posed by President Trump's economic policies, according to Senator Warren?

Senator Elizabeth Warren warns of a potential economic crash caused by President Trump's economic policies, citing rising consumer debt, increased prices due to tariffs, and reduced business investments. She argues these factors, coupled with relaxed regulations, create a volatile environment mirroring the 2008 crisis.

Showing 85 to 96 of 502 results