Venezuela hyperinflation hits 10 million percent. ‘Shock therapy’ may be only chance to undo the economic damage

posted in: News, World News

Venezuela’s state-run economic model wasted the world’s largest oil reserves. The country owes $100 billion to foreign creditors. Its educated, professional class has fled. Economic shock therapy, implemented in regions like the former Soviet bloc, could be its only chance. … Read More

Cyprus struggles with increased influx of asylum seekers

More than 140 refugees arrived in just four days from September 1 to 4, in what the Cypriot government said was a significant spike in irregular immigration. Cyprus appealed on Wednesday to the European Union for more help in dealing … Read More

EU immigration crisis goes to extra time

In a dramatic attack in the last minute of the match between Belgium and Japan at the World Cup, Nacer Chadli scored the winning goal for Belgium. Before that, Marouane Fellaini had scored the equalizing goal from Eden Hazard’s cross. … Read More

How Greece got to grips with a relentless refugee crisis

A ‘game-changer’ EU project has helped Greek authorities, but many issues remain. Zaineb, from Aleppo in Syria, with one of her three children at an apartment funded by the EU, in Livadia. Photograph: DG Echo When the mayor of the … Read More