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Will The Greek Elections Strengthen The Hands Of The Global South?

AFRICANGLOBE - Last week Greece elected into power the left-wing political party, Syriza, headed by Alexis Tsipras, who led the party to victory on an anti-austerity ticket, thus rattling financial markets by raising the spectre of a Greek exit from the Eurozone and snubbing the European Union (EU), European Central Bank (ECB) and International Monetary Fund troika of lenders to Greece.

The Coming Economic Storm: Data Shows Gathering Global Slump

AFRICANGLOBE - Next month, the US Fed is expected to bring its program of “quantitative easing” to a close and move toward an increase in interest rates, possibly starting in June next year. But in Europe and Japan, central banks are maintaining or even increasing financial stimulus measures. In other words, while the stimulus measures staved off a complete collapse of the financial system, they failed to boost the underlying economy and have set in place conditions for a further meltdown.

Bombshell Study: America’s Wealthy Even Richer Than You Thought

AFRICANGLOBE - Just when you think you've got a handle on how bad wealth inequality is in America, researchers find it's even worse than you imagined. The European Central Bank has crunched the numbers and it looks like wealth inequality in the U.S. is even more astounding than previous statistics have shown. Of the 10 rich countries the researchers analyzed, America's wealthy have grabbed the largest portion of the country's wealth.

South Africa’s Economic Outlook Remains Uncertain

Business confidence remained stable in South Africa, but the economic outlook was uncertain, Rand Merchant Bank (RMB) and the Bureau for Economic Research (BER)...

African Economies Holding Firm Amids European Crisis

As the eurozone crisis rumbles on, African economies are taking a beating through reduced trade and aid. But overall, growth and investment trends are...