Merkel’s economic chancellorship

Angela Merkel become the German chancellor in 2005. Merkel ran as the CDU/CSU candidate, the centre-right Conservative alliance in Germany. The CSU contests elections in only Bavaria, whereas the CDU operates in the other states of Germany. In the election campaign, the CDU/CSU pursued a fiscally conservative agenda, promising more deregulation, tax reductions and publicContinue reading “Merkel’s economic chancellorship”

China’s currency manipulation

Most economists agree that China is a currency manipulator. In August 2019, the Chinese joined the likes of Japan, South Korea and Germany on the illustrious list of nations for who the US have designated currency manipulators. This came after the Chinese Yuan sank to a ten-year low to the US dollar after the formerContinue reading “China’s currency manipulation”

Germany’s healthcare system

Germany has a multi-payer health insurance system, initially established in 1883 under Otto Van-Bismarck. It ensures universal coverage as all citizens are required by law to purchase health insurance. This applies to foreign students, workers, researchers and even refugees, with each group unable to enter Germany unless they are insured. The German healthcare system differsContinue reading “Germany’s healthcare system”

The Economic legacy of the Obama administration

Barack Obama became the President of the US amid the worst recession since the Great Depression. He took over from President Bush following the sub-prime mortgage crisis, with the economy contracting during his first quarter in office. Thus, his legacy came to be defined by his post-recession economic policies. Supporters and proponents of what hasContinue reading “The Economic legacy of the Obama administration”

The Economic cost of the War in Afghanistan

The War in Afghanistan officially started in late 2001, following the horrific events of 9/11. The Bush Administration initially demanded that the Taliban release Al Qaeda leader Osama Bin Laden, who orchestrated the infamous attacks on American soil. However, following the Taliban’s refusal to extradite him, the US government launched the invasion of Afghanistan toContinue reading “The Economic cost of the War in Afghanistan”