Piousbox

According to Germany’s Federal Ministry for Economic Affairs, the country’s special economic boom triggered by the closure of the Strait of Hormuz has already faded. 

Not all trillions - debts, valuations, investments - are created equal. Huge nominal numbers often obscure the institutions and incentives that produced them.

The transformation of Europe's financing structure resembles a financial evolution toward a European superstate. Ultimately, common liability for Brussels' debts appears virtually inevitable. The political and institutional path back has largely disappeared.

Kenya & Iraq are among those to publicly confirm seeking emergency World Bank assistance...