Part of Covid-19 recovery will entail a new round of negotiations on legislation to support infrastructure improvements and expansion. Specific initiatives could play directly to wider support for the reform of the century-old policy known as Jones Act. Continue Reading
Imagine a family who has lived beyond their means for years, and, as a result, has accumulated a large debt with their bank. Imagine that the debt is so large that paying it back would be immensely painful for the… Continue Reading
Adding political mayhem to economic instability, Greece has dominated the news once again in recent weeks. The only positive thing is that Greek democratic institutions appear to be working well, and they have not been threatened by the crisis. As a result, Greece’s fate will be decided by the majority of its citizens. Continue Reading
Hardly a day passes without new headlines from Greece. The country has been circling the abyss for some time now and, for many, it is only a matter of time before its demise. Wouldn’t that be the preferred option for everyone involved, after all? Not so fast! What would the European monetary union look like after a Greek exit? It is unlikely that speculators will declare the end of the crisis. They will simply concentrate on betting against the next weak link exiting the common currency. After all, if one country leaves the eurozone, surely it can happen again! Portugal, Spain and even Italy could be next. And where will it all end? Continue Reading
Thanks to recent loan packages from the IMF and the EU, Greece has been once again saved from the verge of default. But what led the country to this desperate situation in the first place? Is the problem now solved,… Continue Reading