President Obama says that when the new health insurance purchasing exchanges open on Oct. 1, “You’re going to be able to purchase high-quality health insurance for less than the cost of your cell phone bill.” The question is: is your health worth more or less than your cell phone? It makes sense that you should […]

US President Barack Obama has juggled with the same foreign policy initiative since the start of his course of his presidency: a big push for Middle Eastern peace. Eventually, he settled into the strategy of not getting too involved. Now the military is exhausted, the American public is polarised, and the government is in debt. […]

Cyprus has taken a very important step in normalising the banking sector with the recapitalisation of Bank of Cyprus (“BoC”), and the exit of BoC from the resolution process. A common announcement by the Central Bank of Cyprus and the Ministry of Finance marked the end of the resolution process for Bank of Cyprus. A […]

Italy’s parliament has given final approval to measures to tackle the country’s record-long recession, including tax breaks for firms that hire young people and a delay to a planned sales tax increase. The package pushes back a 1 percentage point rise in the main rate of value-added tax, currently 21 percent, to October from July. […]

Holidaying in Greece right now may be the only hope left to help a country who has been through one of the deepest peacetime recessions of any industrialised economy. Greece’s gross domestic product has dropped 22 percent since 2008. According to Prime Minister Antonis Samaras, the perceptible signs of Greece’s recovery are the tourists pouring […]

A haunting banner flown by young Spaniards on Peurta del Sol last year so elegantly captured the dynamic that both the young of Europe and it’s officials are finding increasingly hard to ignore. Something has to give, and everyone knows it. The last two words are no idle threat, they merely report the facts, and […]