After the back and forth with Brussels, a positive credit rating helped Portugal overcome its state of budgetary limbo, yet Lisbon was “verbally downgraded” by German Finance Minister Wolfgang Schäuble.
One week after French oil workers went on strike which has paralysed 6 of France’s 8 refineries, half of all rail transportation in France has come to a screeching halt due to a transportation strike. But French oil workers and transport activists are protesting different issues.
Angus Deaton, on 12 October 2015, received the so-called Nobel Prize in Economic Sciences, which is in reality the Sveriges Riksbank (Bank of Sweden) Prize for his work on consumption. He is an economist from Edinburgh and professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs and the Economics Department at Princeton University. He will be 70 years old next week. Deaton’s main research focuses on the determinants of health in rich and poor countries as well as the measurement of poverty.