Tag: Financial Crisis

Prime Minister Boris Johnson delayed plans to lift the remaining covid-19 restrictions by a month last week with the infectious delta variant rapidly spreading throughout the country. Now, the full reopening of pubs and restaurants among other places will have to wait AGAIN. The British (and the rest of the world) are stuck speculating on whether and when London and the country will return to some sense of normalcy. Today, absent packed streets and offices both with locals and non-locals, the UK’s exit from the EU somehow feels like a permanent exit from the world’s ecosystem (at least for now)…

If governments cannot avoid stoking further worry and sidestep validating conspiracy theories while also showing empathy and concern for its citizens, then vaccine rollout, which clearly is an issue of both an individual’s perspective on the vaccine’s necessity and its safety, will remain in doubt and the economic fall-out will accordingly be palpable in some parts of Europe…

As the assembly to write a new Chilean constitution is elected and Chileans ponder the new social contract for the country, many in the socialist camp should be more honest with their followers: Chile cannot be a Latin American version of a Nordic country, but it can be a better version of itself…

France’s discussion on the transformation of state loans to grants signifies a greater problem for European economies. Many governments underwrote their economies with increased liquidity either through loans or deferment of debt. But the wall of insolvency cannot be avoided…

As the second wave of cases hits Europe, including Italy, there is not much convincing required on the seriousness of the virus. The same cannot be said about the growing challenges in the Italian economy. Debt is flowing into an economy that already has its share of bad loans in the financial ecosystem but there is little concern. It is the covid-19 pandemic thus why worry about a European financial crisis, right?