The South African Civil Society Information Service
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
Though France currently boasts an AAA rating and has its debts under reasonable control, domestic issues could knock it off its perch sooner rather than later, argues Hamish McRae, chief economic correspondent of The Independent newspaper.
McRae told Russia Today that a French economic collapse could mean that the next head to roll after Silvio Berlusconi's might well be that of Nicholas Sarkozy.
© Russia Today
The European financial crisis continues to worsen as fears grow that Italy may become the latest nation in need of a massive bailout. The European Commission admitted today that the entire eurozone could be plunged into a recession in 2012. While Greece, Ireland and Portugal have already received international bailouts, the debt situation in Italy is considered far more dangerous. It is the eighth largest economy in the world — larger than Greece, Ireland and Portugal combined.
On the...
