The eurocrisis is going strong, in a bad sense, and much of the debate about what should be done is defined by whether you think austerity is good or bad. Read more

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Posted by Pramit Pal Chaudhuri on Friday, May 18, 2012 at 1:44 am
Filed under World · Tagged Angela Merkel, anti-austerity, eurocrisis, Europe, Hellas, HINDUSTAN Times, news, Paul Krugman, pramitpal chaudhuri
Earlier this week, Brussels was cool, sunny and sweating about the future of the euro. The first meeting of the European leaders on Monday produced so few firm conclusions that the chairman of the board of one of Germany’s largest financial firms grumbled, “I am very surprised the markets did not react badly.” Read more

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Posted by Pramit Pal Chaudhuri on Thursday, October 27, 2011 at 7:31 pm
Filed under World · Tagged Angela Merkel, Brussels, euro, Eurozone, Greek debt crisis, hindustantimes, HT blogs, news, world economy
What ails the world economy? Please take a look at the Economist’s debt clock to understand what’s the problem. The world governments’ debt is $ 40 trillion and, as the clock ticks away before your eyes, is increasing rapidly. Read more

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Posted by Pramit Pal Chaudhuri on Friday, August 12, 2011 at 1:39 am
Filed under World · Tagged Angela Merkel, Europe, Eurozone, GDP ratio, Greece, inflation, international debt, Japan, pramitpal chaudhuri, US, US dollar, world economy
Angela Merkel, chancellor of Germany, has called on the other G-20 countries to support a financial transaction tax to be imposed. This, she says, will help bring stability to the world’s financial volatility. Read more

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Posted by Pramit Pal Chaudhuri on Friday, May 21, 2010 at 12:51 am
Filed under World · Tagged Angela Merkel, berlin, canada, chancellor of Germany, economic crisis, finance, financial crisis, G-20 nations, global divide, Greece, inflation, tax, transaction tax