African countries on average spend more on interest payments on their debt than on their public health programmes. But Africa’s overall level of debt is tiny in comparison to levels notched up by the developed world. The debt-to-GDP ratio in most African countries is below the IMF’s suggested 55% threshold as well as far below […]
Tag Archives: Europe
There is a demolition going on, hardly reported in the news and almost never by the BBC or the most of the press. The demolition is that of the British economy, until this year sustained by external trade and investor confidence. Britain’s economy is collapsing under the weight of a double debt overhang, both of […]
Just over 80 years ago on 16 June 1940, the British government made an offer to the crumbling French government facing the advance of German Nazi forces. It was for a political union of the UK and the French Republic, effective immediately. The offer came too late. There was no reply and on the next […]


