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Unhappy Union: How the euro crisis – and Europe – can be fixed (Economist Books)This month’s preferred reading is Unhappy Union: How the euro crisis – and Europe – can be fixed (Economist Books) by by John Peet (Author), Anton La Guardia.

The euro was supposed to create an unbreakable bond between the nations and people of Europe. But when the debt crisis struck, the flaws of the half-built currency brought the European Union close to breaking point after decades of post-war integration.

Deep fault-lines have opened up between European institutions and the nation-states—and often between the rulers and the ruled—raising profound questions about Europe's democratic deficit. Belief in European institutions and national governments alike is waning, while radicals on both the left and the right are gaining power and influence.

Europe's leaders have so far proved the doomsayers wrong and prevented the currency from breaking up. "If the euro fails, Europe fails," says Angela Merkel. Yet the euro, and the European project as a whole, is far from safe. If it is to survive and thrive, leaders will finally have to confront difficult decisions. How much national sovereignty are they willing to give up to create a more lasting and credible currency? How much of the debt burden and banking risk will they share? Is Britain prepared to walk away from the EU? And will other countries follow?

In Unhappy Union, The Economist's Europe editor and Brussels correspondent provide an astute analysis of the crisis. They describe America's behind-the-scenes lobbying to salvage the euro, economists' bitter debates over austerity, the unseen maneuvers of the European Central Bank and the tortuous negotiations over banking union. In the final chapter, they set out the stark choices confronting Europe's leaders and citizens.

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from Caribbean 360..August 31, 2014 PORT-OF-SPAIN, Trinidad – The twin island republic of Trinidad and Tobago is celebrating its 52nd anniversary of independence from Britain with Prime Minister Kamla Persad Bissessar asking citizens to embrace change. In her message to the nation, the Prime Minister said Independence allows an opportunity to embrace change and pointed to the Government’s recent proposals towards Constitutional reform. “The passion, interest and dialogue elicited by my Government’s proposals for Constitutional reform have been
from The Cambodia Daily..BY GEORGE STYLLIS AND KANG SOTHEARAUGUST 28, 2014 European rice imports from least developed countries, mainly Cambodia, have soared 51 percent over the last year, a figure that Italy’s National Rice Agency has labeled “troubling new data” in its battle to have tariff-free exports scrapped. According to data published by the European Commission, the European Union imported 254,436 tons of rice from Cambodia and Burma from September 2013 to July this year, compared to 168,832 tons during
from Al Bawaba..By: Bassel KhatounAugust 31, 2014 The very strong performance of pan-Arab stock indexes over the past year, which have outperformed emerging- and frontier-market indexes alike, has made foreign investors increasingly aware of the strong fundamentals underpinning a number of markets in the region, most particularly among Gulf Cooperation Council (GCC) members. This has led to substantial inflows into GCC equities, which has helped boost liquidity. Net inflows into GCC equity markets from outside the region
from Gulf News..August 31, 2014 Around 45% of loans by Cyprus banks are classed as non-performing because borrowers are seriously late with their payments Nicosia: International lenders will withhold the next payment in Cyprus’s €10 billion bailout unless parliament this week passes a crucial law speeding up foreclosures of non-performing banks loans (NPLs). Around 45 per cent of loans by Cyprus banks are classed as non-performing because borrowers are seriously late with their payments and under current
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from The Africa Review..Source: The EastAfricanReported by Joshua Masinde, Benedicta Asiimwe and Rose MirondoAugust 31, 2014 Tanzania has edged past Uganda as Kenya’s largest export market in East Africa as a result of the ongoing elimination of non-tariff barriers and increasing local production in Uganda of goods that were previously imported. Uganda has traditionally been Kenya’s top trading partner in the region, but latest data from the Kenya National Bureau of Statistics (KNBS) ranked the country third,

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from Ventures Africa..By ELTON PLAATJESAugust 31, 2014COMMENTARY On the last day of July in Dar es Salaam, the Economic Commission for Africa (ECA) stated, “The African continent needs leaders who are strategic, inclusive and capable of managing diversities so as to realize transformation.” A fair conclusion agreed to by participants attending the inaugural African Leadership Forum. The forum was convened by former President Benjamin Mkapa of the United Republic of Tanzania and Uongozi Institute under the theme, “Meeting
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from The New Times (Rwanda)..By Kenneth AgutambaAugust 31, 2014 Tea is one of Rwanda's traditional exports whose value is being hurt by falling international prices. (File photo) With inflation contained at a single digit, and investment in infrastructure to boost energy generation and movement of goods and services scaled-up, bad weather and decline in international commodity prices remains the biggest threat to a faster rate of economic growth. While the economy grew by 7.4 per cent in
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from The New Times (Rwanda)..August 31, 2014 The front view of King Faisal Hospital. The number of people seeking medical services at hospital keeps growing every year. (Ivan Ngoboka) Medical tourism has for long been a preserve of a few countries such as South Africa, India, Saudi Arabia and to some extent Kenya — those countries with a long tradition of a developed health infrastructure. However, recent investment social infrastructure and human resource, has not only made
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from Al Jazeera..By Lisa GardnerAugust 31, 2014 China and Mongolia officials focused on cultural-heritage preservation during talks [Lisa Gardner/Al Jazeera] Ulan Bator, Mongolia - Chinese state officials arrived here this week to mark the 65th anniversary of diplomatic ties, and the 20th anniversary of the signing of the Treaty on Friendly Relations between the two states. The arrival of President Xi Jinping on Thursday saw the signing of accords in areas of energy, mining and infrastructure. With Mongolia's

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from Al Jazeera..By Leah HardingAugust 31, 2014 Community without well has dug up water-pipe for nearby town - their only water-source [Leah Harding/Al Jazeera] More than 40 million Ethiopians are unable to tap into a sustainable water source just metres below their feet. Tshay, an Ethiopian mother of three, relies on a broken waterpump to sustain her family. Using her shirt, she filters the worms from the water in an attempt to make it less horrific to