Turkey’s president suggested that troops “may suddenly arrive one night” in Greece. With inflation rampant and the lira sinking, a manufactured crisis might be just the thing he needs.
Tag: Economic Conditions and Trends
Britain’s New Finance Chief Repudiates Prime Minister’s Signature Economic Plan
With Liz Truss’s authority ebbing, questions abound about how long she can cling to her post.
Under Fire, New U.K. Leader Retreats on Economic Strategy
Fighting for her political survival, Prime Minister Liz Truss fired her top ally and reversed course on tax-cutting plans, trying to shore up financial markets and her poll ratings.
20 Nations at High Risk From Global Warming Might Halt Debt Payments
The countries want their collective $685 billion in debts forgiven so the money can be invested in climate projects.
Lessons From Liz Truss’s Handling of U.K. Inflation
The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation.
For Truss and the Tories, a ‘Fairy Tale’ Unravels
Having abandoned her signature economic plan, it remains unclear whether the British prime minister or her party can reclaim a mandate.
Amid Turmoil, Can Truss Afford to Hold on to Tax-Cutting Plan?
Prime Minister Liz Truss and her chancellor of the Exchequer, Kwasi Kwarteng, say they are holding steady on their plans, but experts believe concessions are inevitable.
Liz Truss Stirs Uncertainty Over the U.K.’s Economic Plans
Prime Minister Liz Truss appeared to rule out cuts in public spending, as doubts about the fiscal soundness of the government’s program continued to roil the markets.
U.K.’s Young Hobbled by Inflation
Sharp price spikes are forcing the country’s young to move back in with family and worry about finances just as many were hoping to move past the pandemic.