“it’s over” if Greece doesn’t want the final tranche of the current aid program. - Wolfgang Schaeuble- Fiance Minister, Germany .
Hubris in Greece
Arroganz in deutsche
Posturing in English
Talking down the euro in market jargon.
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West Africa is badly hit as oil and commodity prices' fall to worrying levels.With oil at indifferent lows, and given that commodity prices have been insensate in their fall, African countries are severely affected. Ebola in countries in this region has set back the clock of development. Ghana has been negotiating with IMF for over six months now.
The dollar being high will hurt the Africans. The only solace is if imports are invoiced in euro, it might be helpful. But that may not help much. Local investors may already have fled to safety.
Views expressed without any risk or responsibility.
Hubris in Greece
Arroganz in deutsche
Posturing in English
Talking down the euro in market jargon.
*
West Africa is badly hit as oil and commodity prices' fall to worrying levels.With oil at indifferent lows, and given that commodity prices have been insensate in their fall, African countries are severely affected. Ebola in countries in this region has set back the clock of development. Ghana has been negotiating with IMF for over six months now.
The dollar being high will hurt the Africans. The only solace is if imports are invoiced in euro, it might be helpful. But that may not help much. Local investors may already have fled to safety.
Views expressed without any risk or responsibility.
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