- The languishing economy in northern Nigeria has driven recruitment into the brutal insurgency campaign.
- Martin Wolf argues that to eliminate excess capacity and raise inflation to 2 per cent, the ECB needs to do “whatever it takes” again or the crisis might yet return.
- In March, the Fed stated that interest rates may stay abnormally low even when unemployment and inflation are back to normal, but Janet Yellen has given no detailed explanation of why. Several of the possible explanations, says the FT’s Robin Harding, are either so tenuous or so gloomy that it is easy to see why a Fed chair might be reluctant to talk about them.
- If Ukraine loses its southeast region, it could cut off half the economy and push the debt-to-GDP ratio to a dangerously high level.
- Author Alaa al-Aswany argues for an Egyptian society when Egyptians who enjoy belly dancing don’t frown upon the women who dance, but appreciate the art form and the value of its performers.
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