Africa's Share of the Global Economic Turmoil

Facing the hard times

As the effects of the global crisis bit harder on the people of the continent, there are spontaneous postulations from different quarters of its anticipated threats to the continent. Arno Turner, an adjunct professor at the University of Helsinki and Tampere, Finland, opines on the Harvard International Review that the situation poses a great danger for the nations in Africa. He listed amongst other things the possibility of increased political conflicts and instabilities, corruption and nepotism and increasing African migration... full story


By ONAPAJO HAKEEM
from Kuala Lumpur, MALAYSIA

Financial Crisis in Greece

Bad days for the Greek economy

The largest "nightmare" is currently in debt and its servicing costs. The Government has already made initial contacts with major foreign banks, to explore the interest of foreign investors for Greek bonds. At the moment, information indicates that there is interest and Greece will succeed even difficult to borrow the funds needed for 2009... full story


By OVIDIU PALCU
from Athens, GREECE