Against the backdrop of the conflict between Turkish President Recep Tayyip Erdogan and the Central Bank of the country, economists are discussing scenarios of possible problems associated with the credit boom in Turkey. The state has been stimulating credit growth for ten years. In recent years it resulted in growing inflation and, apparently, weakening of the Turkish lira. Polemic of the...

The European Central Bank (ECB) should complete a program of monthly purchases of assets in December, according to most economists surveyed by Reuters. The experts differ in opinions on the question whether the regulator will go for it. Most respondents believe that the ECB's quantitative easing program (QE) will be completed by the end of next year, and only a few reckon that this will happen in...

Launch of the original version of the Trans-Pacific Partnership (TTP), a trade agreement between the 12 countries of the Pacific region, is technically impossible. For the agreement to entry into force, members that make up at least 85% of the total GDP must ratify it. Three days after the beginning of his presidency, Donald Trump announced withdrawal of America from the agreement. Since the...

American sociologists have presented three scenarios for the growth of the Muslim population in Europe. In Germany, the share of Muslims in the total number of the population may increase more than threefold. The number of Muslims in Europe will increase dramatically over the next 30 years. This is evidenced by the data of the study of the American sociological center Pew Research Center,...

The 19th Congress of the Communist Party of China, which ended last month, showed that the new administration of Xi Jinping will restrain growth of debts by abandoning the country's long-term economic goals, and by reducing the growth rates of its gross domestic product. As a rule, analysts proceed from the fact that the presented changes in GDP parameters reflect the movement in the sphere of...

Tobacco companies in the US had to comply with the decision of the court in 2006. Now they must publicize dangers of smoking in newspapers and on the TV exercising ad right and their own expenses. For 11 years, tobacco companies have filed appeals against this decision, which allowed them to postpone its implementation. According to some experts, now publication of such statements in newspapers...

Markets are calm, but entrepreneurs and economic experts are very unhappy with the political elite of Germany because of the failure of negotiations on the formation of a new government. Berlin failed negotiations to form a new government coalition. Germany, Europe's largest economy, may face another unexpected round of election, and, apparently, an interim government will rule the country during...

France wants a strong and stable Germany to propel Europe forward, and the country's authorities will continue to work with the current government of Germany, the official spokesman for French President Emmanuel Macron said. "For Germany and for Europe, we want our main partner to be stable and strong in order to move forward together," the official said. "This only increases the need for France...

A regular session of the UN climate talks ended in Bonn on the night of Friday to Saturday. The summit’s topics included statements by countries and investors on the plans to exit the coal energy sector, the development of new market mechanisms for the Paris Agreement, as well as attempts to persuade the states to increase the level of emission reduction commitments - amid news that in 2017...