The Strategist
World & Politics

The Central Bank of Greece needs a financial safety net - 02/26/2018

Greece will need a financial "safety net" after the program of financial rescue of the country ends in August, the head of the Greek central bank said, Reuters reports. Greece received 260 billion euros in financial aid since 2010, and the third phase of the program will end in August 2018. Athens, seeking to show that they can already access the debt markets, already attracted 3 billion euros...

The European Union is getting ready for a trade war with the United States - 02/22/2018

The US Department of Commerce called for a sharp increase in duties on imports of steel and aluminum. The European Commission is preparing retaliatory measures: the union may ban American motorcycles and whiskey. The European Union is preparing for a trade war with the United States. If Washington's restrictions on the import of steel and aluminium affect European enterprises, then the EU can,...

Humanitarian crisis in Venezuela can exceed the Syrian refugee crisis - 02/21/2018

As the Brookings Institution in Washington said, the humanitarian crisis that is unfolding in Venezuela may in the near future surpass in scale the one that was taking place in Syria. There is an acute shortage of food and basic medicines in Venezuela, infant mortality is high, and the government has refused to pay the national debt. 4 million people have already fled the country, and this figure...

Marine Le Pen sets to renew the National Front. Will it help? - 02/20/2018

On the eve of the March congress of the French extreme right-wing National Front party (FN), its leader Marine Le Pen said that she was ready to change the name to a more peaceful one and give way to a "more suitable" candidate in the next presidential election. The hype surrounding the National Front has risen in connection with the two upcoming congresses of the party: one will be held in Lille...

Will the Italian economy repeat the fate of Greece? - 02/19/2018

In 2017, the Italian economy showed the worst growth rates among European countries. The level of the public debt in 132% of GDP remains main threat for the republic. At the same time, analysts believe that this problem will not be solved in the foreseeable future as indicator of the volume of bad debts remains one of the highest in Europe. The situation in the economy of the southern European...

IMF: Improving productivity will help the UK wade through Brexit - 02/15/2018

In the medium term, the growth of the British economy may amount to 1.5% (a cheap pound stimulates exports, partially compensating for a decrease in consumption in the domestic market). However, such a scenario will become possible only if negotiations on a future trade agreement with the EU and on the transition period end successfully. To assess the real consequences of Brexit, that is, changes...

France sets to fight against fake news - 02/15/2018

Minister of Culture of France Françoise Nyssen said on Tuesday that a bill to combat the spread of fake news in the media and social networks "is almost ready." The paper will be submitted in the coming days, but its main points are already known. Among other things, the French authorities intend to punish fake newsmakers by depriving them of their accreditation. France is preparing for a massive...

Lack of qualified personnel impedes economic development of France - 02/14/2018

Bloomberg, referring to surveys of French companies and the situation in the labor market, concluded that French employers are sorely lacking experienced professionals. This happens despite the fact that the employment services have officially registered almost 3.5 million unemployed citizens. Company Figeac-Aero, engaged in the supply of components for Airbus, faced similar difficulties. Patrice...

Plastic cards and electronic payments aren’t a solution for Venezuelans anymore - 02/13/2018

Inflation is unstoppable in the crisis-ridden Venezuela, and the government cannot print money or pay for the delivery of a sufficient number of banknotes. Paying with plastic cards is not an option, since many stores experience problems with card readers. This situation forces people to look for alternative ways of transactions. The rapid price increase in Venezuela became the 57th recorded case...

How much did the Olympics in Pyeongchang cost? - 02/13/2018

The Olympics, even the winter one, don’t come cheap, and the competitions in Korea were no exception. According to preliminary estimates, organizers spent $ 12.9 billion, which is twice the amount claimed in 2011. However, compared to Olympic expenses of other countries, the figures fully correspond to the concept of the "cost-effective" competition, which was immediately announced by the...
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