As India becomes caught in electoral frenzy, there is the odd interest among a few of the citizenry about whom the rest of the world would like to see win the polls. This is often coupled with a conspiracy theory or another largely because the truth is that most foreign governments don’t really have a favourite candidate in mind – though many Indians one meets find that hard to believe. Read more

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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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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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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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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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