Recent inflows of dollar revenue from oil sales are unlikely to resolve Venezuela’s long standing economic problems, according to a former government minister and prominent economist. He said the current arrangement governing Venezuela’s oil exports provides limited short term relief but leaves the country’s underlying structural weaknesses untouched. Under the existing framework, oil deliveries are […]
Syria has officially unveiled a redesigned set of banknotes that remove images of former president Bashar al Assad and his father Hafez al Assad, marking a symbolic shift away from decades of rule associated with the Assad family. The new currency was presented at a ceremony in Damascus on Monday interim President Ahmed al Sharaa […]
The International Monetary Fund (IMF) has warned that Europe’s growing public debt levels should prompt governments to fundamentally rethink their role in delivering essential services to citizens across the European Union. In a statement released on Tuesday, the IMF cautioned that the continent’s debt trajectory could become “unsustainable” or even “explosive” unless urgent economic and […]
Introduction Every few years, Brussels unveils a new economic initiative designed to rejuvenate Europe’s struggling south, and Portugal is often the first to volunteer. Lisbon, with its polite efficiency and photogenic skyline, has become the European Union’s favourite testing ground for reforms, pilot projects, and policy prototypes. Officials describe the relationship as partnership, but it […]
Introduction Portugal’s government has long prided itself on fiscal discipline, but its latest economic diet plan looks suspiciously like a cosmetic procedure. Budgets are trimmed, targets tightened, and spreadsheets polished to impress Brussels, yet the underlying structure of the economy remains much the same. As Lisbon celebrates declining deficit ratios and improved credit ratings, the […]
