By Şafak Erdem The report published by one of Germany’s prominent economic research institutes, Ifo (Leibniz-Institut für Wirtschaftsforschung an der Universität München e. V.), on September 5, 2024, is titled “Deutsche Wirtschaft steckt in der Krise fest” (The German economy is stuck in crisis). The report identifies the crisis as primarily a structural one, and it lists five structural factors: ...
By Islam Farag – Cairo, Egypt Over the past two years, Egypt has been facing bleak economic prospects that have been worsening day by day. The features of its economic crisis began to take shape and worsen clearly after the outbreak of the Russian-Ukrainian war in February 2022, but the flight of hot money from the country thwarted all government ...
Despite the summer heat, the agenda in Türkiye remains intense. The last week was marked by the decisions of the Supreme Military Council meeting. Pursuit for foreign investment from the West midst the escalating economic problems, was another important issue of the week. The decision by the Disney television platform to refrain from airing a series depicting the life of Mustafa Kemal Atatürk due to pressure ...
The coalition that supported President Recep Tayyip Erdoğan was victorious in the presidential elections in Türkiye (Turkey) held on Sunday, May 28. Although Erdoğan’s victory in this second round was expected, the broad support his coalition received in the parliamentary elections that accompanied the first round on May 14 came as a surprise. The presidential system established in the country’s ...
By Oscar Rotundo * What has been the change in the electoral system with respect to 2018 and what is its importance with respect to the future of the country? Yunus Soner – Good afternoon Oscar from here in Istanbul, I am going to try to provide you with an analysis of the situation. Candidates and coalitions On May 14, ...
Egypt, along with the rest of the world, is passing through a ring of fire. The Egyptian economy, which has been on shaky ground for many years, is now openly on the brink of bankruptcy. For the fourth time in the last six years, the Cairo government has had to knock on the door of the IMF. But neither the ...
By Michael Roberts * This week, the jamboree of the rich global elite of the World Economic Forum (WEF) has started again after the COVID interregnum. Top political and business leaders have flown in on their private jets to discuss climate change and global warming, as well as the impending global economic slump, the cost of living crisis and the Ukraine ...
Inflation in Germany in October exceeded expectations and hit a new record of 10.4 percent, driven by high increases in energy and food. More than 200,000 workers took part in warning strikes and protests at factories in the metal and electricity industries last week. Germany’s largest labor union in the automotive and electrical sectors, IG Metall, responded to employers’ resistance ...
As a result of the midterm elections for US Congress, the Democrats kept the majority in the Senate with a single vote, while the Republicans have won the majority in the House of Representatives. Biden is now expected to face a heavy opposition when issuing any executive order. The Civil War-alike division within the American society is deepening even further. ...
The victory of Luiz Inacio Lula da Silva, better known as ‘Lula’, in Brazil keeps on fueling hopes, disillusions, debates and questions in Latin America and worldwide. What does it mean for the country’s foreign and domestic politics? How will Lula govern, given he is facing a conservative majority in the parliament? How will Jair Bolsonaro, who already had contested ...