Whatever is necessary for the economy

Rich countries must be really scared of something if they’re prepared to find such crazy amounts to rescue their banks. “Doing whatever is necessary” betrays some painful truths about our economic priorities.

WTO: no deal is better than a bad deal

The WTO Ministerial has been set up by rich countries as a trade off between their agriculture subsidies and access to services and industry in poor countries. But why should poor countries make any concessions at all?