Archives Economic crisis - Page 11 of 11 - New Eastern Outlook

Almost three years of political, economic and social problems and disastrous policies have transformed life in Lebanon, once known as the “Paris of the Middle East”, and this land of hope now looks like a textbook example of how not to run a state. In a cogent analysis, the Lebanese newspaper As-Safir blames the failures on a political system which is focused...

The US dollar, as the international reserve currency, has long served as an essential medium of exchange between countries with different national currencies. To fulfil this role, a reserve currency needs to be stable, safe and easily accessible to all countries. In the 20th Century, the dollar’s international status caused it to grow in value, enabling the US to bear huge levels...

The main topic of recent publications in the European media has been the discussion of record gas prices. As a result, the population of the European Union countries is facing a real shock threat, and the European industry is approaching a critical point. Gas and electricity prices break new records every day, and some energy-intensive companies are shutting down production...