Political Economy and the Financial Crisis

India - Economic Protests
India’s long-term credit rating outlook has been cut from stable to negative, adding to the ranks of countries across the globe whose ratings have been downgraded. [more]
Dubai Construction I
As growth in the rich Arab states of the Persian Gulf plummets, the underclass of guest workers face the loss of work visas and repatriation — making them ideal targets for al Qaeda recruiters. [more]
Dubai - Expansion and Bust
As glittering Dubai accepts a bailout from its more conservative sister emirate, Abu Dhabi, questions center on autonomy issues and the fate of immigrant workers who are losing jobs in the Gulf region. Stratfor analysts foresee increased security risks ahead. [more]
Traders signal offers at the Chicago Board of Trade
Certain commodities are indicative of the state of the global economy. While many have stabilized lately, some have not. [more]
The building of a Russian investment bank is reflected in a traffic safety mirror in Moscow
Russian banks and firms are about to hit a snag in repaying their debts to foreign banks -- a fact that will hit Europe's banks particularly hard. [more]
The Swiss parliament in Bern and a UBS sign in December 2008
Switzerland's national bank is considering intervening in the currency markets in a way that Bern's eurozone neighbors would rather not see. [more]
People walk through the financial district of Raffles Place in Singapore
The Singaporean Finance Ministry has announced a $13.7 billion stimulus package as fourth quarter 2008 statistics reveal the Southeast Asian city-state's economy is taking a severe beating. [more]
People waiting in line for a government job center to open in Madrid, Spain
January 16, 2009 1234 GMT
Various European nations face the prospect of seeing their credit ratings slashed. [more]
Factory worker in Berlin
January 9, 2009 1959 GMT
Economic statistics from Germany -- which is Europe's economic powerhouse -- suggest a collapse of demand across the eurozone. [more]
Youths gesture toward police in central Athens Dec. 8, 2008
Europe will be nervously watching rising social unrest in Greece. [more]
Geopolitical Diary icon
Four central banks in Europe lowered their benchmark interest rates on Thursday -- but now they are almost out of monetary policy options. [more]
Ecuadorean President Rafael Correa waving from a car
Ecuador says it will default on a number of government bonds -- making it the first developing country to default in the present global economic crisis. [more]
Argentina - Fernandez supporters demonstrate
December 4, 2008 2041 GMT
Argentina’s government made several moves Dec. 4 that will have serious ramifications for the country’s struggling economy. [more]
Treasury Secretary Henry Paulson and Chinese Vice Premier Wang Qishan
Access to China's banking sector might be just one of many U.S.-Chinese tensions likely to arise amid the global recession. [more]
Turkish Prime Minister Recep Tayyip Erdogan
Turkey is feeling the effects of the global economic crisis, but it is stronger than it was seven years ago. [more]
European Commission President Jose Manuel Barroso
The EU plan accepts the fact that each member state will react to the global recession in the way it deems best. [more]
U.S. Treasury Secretary Henry Paulson and Federal Reserve Bank Chairman Ben Bernanke
The sticky parts of the U.S. bailout program have now been handed to the institution with the most capability for unfettered action. [more]
Pakistani currency trader with rupees
November 25, 2008 1917 GMT
The International Monetary Fund approved Pakistan's much-needed US$7.6 billion loan on Nov. 25 - but the bailout could raise as many problems as it solves. [more]
Financial Crisis - Part 7
Oil wealth and responsible management mean the young economies of the Persian Gulf could weather the global financial storm well, despite the hurdles they face. (With Stratfor interactive map) [more]
German Chancellor Angela Merkel in front of the EU Flag
November 21, 2008 2027 GMT
Germany has taken a stand against the inclusion of British-proposed Europe-wide tax and value-added tax cuts in a German-backed, Pan-EU economic stimulus package. [more]
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