Baba Aye's

Introduction The current global situation marked by severe crises has lasted thus far for half a decade and is not abating. Its first salvo was that of sharp increases in the prices of food, resulting in riots across several countries in Africa, Asia and Latin America. By August 9, the first inkling of financial crisis reared its head. This was when the European Central Bank had to release £75bn to bailout eurozone banks . When it hit the United States its generalisation became definite. What started as a Global Financial Crisis became the Great Recession’s opening moment and the beginning of the most inexorable economic crisis since the Great Depression. While the first wave of recession receded after two years, the spectre of a global economic crisis still stalks the world, particularly in its most hallowed chambers i.e. Europe and North America. There seems to be no succour from the pangs of a long and dire depression and nothing tried by the elite of policy-makers and captains o...

Introduction The current global situation marked by severe crises has lasted thus far for half a decade and is not abating. Its first salvo was that of sharp increases in the prices of food, resulting in riots across several countries in Africa, Asia and Latin America. By August 9, the first inkling of financial crisis reared its head. This was when the European Central Bank had to release £75bn to bailout eurozone banks . When it hit the United States its generalisation became definite. What started as a Global Financial Crisis became the Great Recession’s opening moment and the beginning of the most inexorable economic crisis since the Great Depression. While the first wave of recession receded after two years, the spectre of a global economic crisis still stalks the world, particularly in its most hallowed chambers i.e. Europe and North America. There seems to be no succour from the pangs of a long and dire depression and nothing tried by the elite of policy-makers and captains of...