Global News Journal

“Deja vu all over again” in struggling Hungary?

October 29, 2008


Hungary has negotiated a $25 billion economic rescue package with the IMF, the EU and the World Bank. What else is new? As that non-Hungarian philosopher of gamesmanship Yogi Berra put it, it’s ”like déjà vu all over again”.  

Where would we be without Europe?

October 7, 2008

ECB headquarters in Frankfurt/Alex GrimmIf the financial crisis looks bad, I for one am thinking it might have been even worse — in the euro zone at least — had European countries not decided to pool their economies together by launching the single European currency.

Central Europe; a safe harbour in the financial storm

September 23, 2008

euro.jpgIf being in the European Union were ever controversial in central Europe, the current financial turmoil may be delivering the ultimate proof that it was worth it.