Categories
Finance International

“Who wants to be a trillionaire?”: The Farewell Story of the Zimbabwean Dollar

Popular parlance states that Zimbabwe went through hyperinflation between 2007 and 2008. The roots for the Zimbabwe hyperinflation were laid much before that.  Zimbabwe is bestowed with abundant fauna and is home to Africa’s big five. Along with this, it is cursed with an abundance of mineral reserves like diamond, platinum, and gold. These reserves […]

Categories
International Politics

The Thorn in the Heart of Kremlin

Vladimir Putin became the President of Russia in 1999. Putin had worked as a spy in the KGB and FSB. His time as a spy in the Soviet Union shaped his views on how a nation should be governed. He came to believe that a state can run efficiently if it is centralized and secretive. […]

Categories
Finance Others

The Historic Downfall of an Economy: The Greek Debt-Crisis

The Beginning  On January 1, 1981, Greece had joined the European Union with a debt-to-GDP ratio of 28% and a budget deficit of 3%, in other words as a somewhat perfect economy.  At this point, there were two main political parties, the NDP and the PASOK, both of which were founded in the year 1974. […]