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Global Capitalism and the Financial Earthquake

Global Capitalism and the Financial Earthquake

One feature most politicians have in common is their penchant for blaming their predecessors and sneering at their successors. Typically, it goes something like this: “When I took over, things were in a mess. When I left, things couldn’t be any better. After me,...
Cyprus Reopens Banks Under Tight Restrictions

Cyprus Reopens Banks Under Tight Restrictions

Nicosia, Reuters—Cypriots queued calmly at banks as they reopened on Thursday under tight controls imposed on transactions to prevent a run on deposits after the government was forced to accept a stringent EU rescue package to avert bankruptcy. Banks were shut almost...
Arab Economists Play Down Impact of Cypriot Crisis

Arab Economists Play Down Impact of Cypriot Crisis

London, Asharq Al-Awsat—Despite the recent bailout agreement between the Cypriot government and the EU and International Monetary Fund (IMF), the scale of the financial crisis facing the small island state means that it is nowhere near over yet, and the aftershocks...