The Greek Economic crisis

To say the Greek economy has struggled over the past decade would be an understatement. Following the Great Recession of 2007-8, the state of the Greek economy was in calamity and by 2009 their budget deficit had exceeded 15% of GDP. The previous government had deficits that were greater than had initially been stated withContinue reading “The Greek Economic crisis”

Low Interest rates and inflation

Most economists consider interest rates and inflation to be inversely proportional. When real interest rates are low, periods of high inflation should occur and vice-versa. With this said, inflation in the UK has averaged a meagre 2% between 2010-19, whilst interest rates have stood at record lows. This pales in comparison with the 1990s, whichContinue reading “Low Interest rates and inflation”

El Salvador’s Bitcoin experiment

As the first country to adopt Bitcoin as a legal tender, it is of no surprise that El Salvador has made headlines in recent weeks. Partnering with a digital wallet company, Strike, the adoption of bitcoin technology is with the aim of building financial infrastructure in an otherwise poverty-stricken nation. President Bukele of El SalvadorContinue reading “El Salvador’s Bitcoin experiment”