In 2009, Greece was sucked into a vortex of mounting public debt, austerity measures, workers’ strikes, referendums and bailouts that’s still spinning. Last week, Greece and its creditors announced an agreement for more Greek austerity measures in exchange for more bailout funds.
IMF chief Christine Lagarde spoke last week at the American Enterprise Institute in Washington, DC. She warned global policymakers that they need to take steps now to spur productivity growth.
A recent study found 12 million refugees are living in just 10 of the world’s 193 countries. Those 10 countries have a combined GDP of less than 2.5% of the world’s total, creating a highly unstable situation. We look at why the burden of hosting refugees is unequally distributed, and we explore the real economic effects of hosting refugees.
This week's Global Glance looks at Italy's troubled banks and the doom loop.
Welcome back to Global Glance. This week we look at: the lifting of the Iran sanctions and what it means for US businesses; India’s Jat protesters and caste system; and the G20 meeting in Shanghai.