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March 18, 2015
Election of Luis Almagro as New OAS Secretary General Represents “Declining US Influence in Latin America,” CEPR Co-Director Says
Today’s election of Luis Almagro as the new Secretary General of the Organization of American States (OAS) is “another indication of declining U.S. influence in Latin America,” Center for Economic and Policy Research Co-Director Mark Weisbrot said today. As foreign minister of Uruguay from 2010—2015, Almagro was involved in strengthening regional integration through organizations such as the Union of South American Nations and the Community of Latin American and Caribbean States. Almagro finished the race unopposed, but he previously had been running against the former foreign minister of Guatemala, Eduardo Stein. Stein received the backing of countries such as Honduras, Panama and the Dominican Republic prior to withdrawing his candidacy, while Almagro received strong support from South American nations, including Colombia.
March 06, 2015
Raising Interest Rates could have an Adverse Effect on Federal and State Budgets
A new report from the Center for Economic and Policy Research (CEPR) points out, though, that if the Fed were to raise e rates and keep unemployment from falling further, it would have a substantially negative impact on the budget.
February 20, 2015
Greek Bailout Extension Deal Represents a “Significant Retreat” by the European Authorities, CEPR Co-Director Says
A deal reached between the Greek government and European authorities represents a “significant retreat” by the so-called troika and “shows that their austerity program, which has failed miserably, is no longer politically enforceable,” Center for Economic and Policy Research (CEPR) Co-Director Mark Weisbrot said today.
January 25, 2015
Syriza Victory in Greece Could Be a “Historic Turning Point” for Eurozone Economic Policy, CEPR Co-Director Says
Left-wing party Syriza’s strong victory in Greece’s elections today marks a “historic turning point” for countries attempting to emerge from sluggish economic growth, high unemployment and other poor indicators more than six years after the Global Recession began, Center for Economic and Policy Research (CEPR) Co-Director Mark Weisbrot said today.
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