Global Economy

Value Investing: Taking the Long View on Egyptian Real Estate with TMG

Value Investing: Taking the Long View on Egyptian Real Estate with TMG

TMG, one of Egypt’s largest property developers, can currently be obtained for a competitive price. Yet considering the recent political turmoil, is now the right time to invest?

China’s Slowdown: to Stimulate, or not to Stimulate?

China’s Slowdown: to Stimulate, or not to Stimulate?

The debate over China’s growth trajectory – and whether a slowdown is on the cards – is heating up. Speaking at a press conference in Washington, Chinese finance minister Lou Jiwei said that a GDP growth rate of 6.5 percent wouldn’t be a “big problem“. Many have interpreted this as an indication of the new […]

Development Commissioner Andris Piebalgs on First Trip to Zambia

Development Commissioner Andris Piebalgs on First Trip to Zambia

EU Development Commissioner Andris Piebalgs will take his first trip to Zambia between the 18th and the 20th of June.

Swimming in Excess German (National) Savings

Swimming in Excess German (National) Savings

It is well known that trade, savings and current account imbalances lie at the heart of the Eurozone crisis. Until these imbalances are resolved, it is difficult to imagine any solution to the ongoing slow-motion Euro-train wreck. In a recent article on the roots of these imbalances, Peking university economist Michael Pettis observes that One […]

Mozambique to Receive €93 Million in Infrastructure Financing from the EU

Mozambique to Receive €93 Million in Infrastructure Financing from the EU

The European Commission has announced that it will fund three projects in Mozambique designed to improve local infrastructure. According to the press release issued by the Commission on  June 6th, one project will provide access to clean drinking water for 50,000 people, another will improve the roads which link Malawi to Mozambique’s ports and the […]

EU-ACP Joint Council of Ministers Begins June 6th

EU-ACP Joint Council of Ministers Begins June 6th

The EU-ACP Joint Council of Ministers is set to begin in Brussels today, June 6th, and will last until tomorrow. It takes place in the wake ACP Council of Ministers, which was held from the 4th to the 5th of June. Officials from the 79 ACP (Africa, Caribbean, Pacific) states will meet with ministers from […]

The Case for “Austerity Economics”

The Case for “Austerity Economics”

Brown University political scientist Mark Blyth’s latest book, Austerity: The History of A Dangerous Idea, is making some waves. After several years of failed attempts to revive the “confidence fairy” by cutting state budgets in the Eurozone and Britain in a time of low growth (if not negative growth), it seems many are waking up to the reality that, as […]

“The Death-Sprial of Mercantilism” A perspective on the current global macro environment

“The Death-Sprial of Mercantilism” A perspective on the current global macro environment

Hendry writes: “We still see the global economy grotesquely distorted by the presence of fixed exchange rates, the unravelling of which is creating financial anarchy, just as it did in the 1920s and 1930s. Back then the relevant fixes were around the gold standard. Today is it the dual fixed pricing regimes of the euro countries and […]