All Choices are Ugly for Europe

Three years into the protracted Eurocrisis “all choices are ugly,” as former British prime minister Tony Blair comments. Indeed, the high cost of bad options is prompting some to question whether Europe is worth saving the euro. Along with Tony Blair, the former Italian prime minister Romano Prodi as well as two of the best financial minds around—Nouriel Roubini and Mohamed el‐Erian—warn of the dire consequences of a euro breakup. One of France's most prominent philosophers, André Glucksmann, wonders whether the idea of a united Europe—a reaction to the horrors of World War II—can hold everyone together in the future when peace is the norm.     

德国是如何帮助弱势群体的

社会救助--让人过有尊严的生活 在德国居留的难民,上世纪90年代每个月可以从德国政府得到700至800马克的补贴,比起他们的生活水平,我们这些领奖学金的学生真算是弱势群体了.到大学注册之前,我必须为自己申请一份比较便宜的医疗保险,因为德国的医疗保险,不仅是全民的,而且受法律约束.     

How Efficient are Africa's Emerging Stock Markets?

The development of financial institutions has been viewed in recent years as critical to the economic development process. This research uses recent data from the eight largest African stock markets to test whether these markets meet the criterion of weak-form stock market efficiency with returns characterised by a random walk. Results are then compared with similar tests on emerging stock markets in South-east Asia and Latin America. Conclusions from the research indicate that test results for weak-form efficiency in the emerging African stock markets compare favourably with those performed on other emerging stock markets.