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Posts tagged as “austerity”

Latvia and the politics of permanent austerity

In 2008 Latvia was hit by the economic crisis that saw its economy shrink substantially. In the fourth quarter of 2008 alone, Latvia’s GDP slumped…

Greece, an African tragedy

When the troika (the IMF, European Central Bank and European Commission) rode into town, the Greeks didn’t have to look far too to see what…

Eurozone crisis: Where things stand

On Tuesday, President Jacob Zuma’s office announced that South Africa will contribute $2-billion (R16.3-billion) to an international fund created to bail out Europe’s debt-stricken nations.…

Rebuilding the Eurozone brick by Bric(s)

Europe is in crisis. After a reasonably calm last few months, massaged by a trillion-euro stimulus from the European Central Bank, it seems as if…