It has been 5 years since the credit crunch that led to the global financial crisis, which eventually fed into the sovereign debt crisis across Europe, started. 5 years and 5 summers that policy makers and politicians have been struggling to contain one of the worst economic crises the world has seen. One can excuse [...]

Another quarter, another set of negative GDP figures, another drop back in recession for the British economy. The much talked about but yet elusive recovery seems to be slipping away from our grasp once again. Many, especially those on the left side of the political spectrum, will tell you this was inevitable. No surprise. Nor [...]

By Petros Fassoulas Perhaps the flightless African bird does not deserve the reputation it has acquired but in terms of symbolism at least the British government’s reaction to the eurozone crisis resembles a lot the ostrich’s alleged tendency to bury its head in the ground when confronted with danger. Because there is no other way [...]