[LOIMOU] Muhammed 5
[LOIMOU] Muhammed
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Showing posts from November, 1998
[Le Républicain Lorrain] European Economy On Verge of Recession
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After the market crashes of September, investor confidence is yet to recover, and negative GDP growth might be soon approaching November 8th, 1998 With limited financial recovery options available to its economies, Europe has found itself in a tricky situation. The recent market crashes have left hundreds and thousands companies all across the subcontinent reeling, with many filing for bankruptcy. As famed economist Daniel Adams reports, “faith in European companies is scarce, and GDP growth is rapidly falling”. In worse news, while the recent Eurobond initiative passed by the IMF has alleviated the illiquidity issues it faced, the funding provided by European countries like France and Germany -- while mild -- has nonetheless lowered the affected governments’ available funds. However, there seems to be a silver lining to this crisis. The Eurobond initiative has forced nations receiving IMF loans to enter contracts with...
[Hindustan Times] Pesky Pakistanis Back Again!
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Noisy Neighbours Just Can’t Give Us a Break November 7th, 1998 In an unprecedented turn of events, rebel militias from Pakistan have launched a sudden offensive across the Indian border in the Indian state of Kashmir. The current casualty and injury toll remains unknown, but it is believed that more innocent civilians will perish as they get caught in this crossfire. PM Atal’s excellent record in keeping India relatively insulated from the Asian Economic Crisis will now be put to the test, as the Kashmir conflict has raised concerns over India’s political stability, with investor pessimism towards Indian bonds mounting. Analysts remain upbeat despite the situation, believing that India will not be sucked into this economic quagmire, as long as India undertakes swift and decisive action to resolve this conflict. When will these Pakistanis just leave us alone?