Hyperinflation is hard to grasp, harder still to tolerate

Loose change IN 1946 Gyorgy Faludy, a Hungarian poet, received 300bn pengo for a new edition of his works. The sum would have been worth $ 60bn before the second world war. But after the Nazis departed with Hungary’s gold reserves and the Russians occupied its territory, the country’s currency was not what it was—and […]

Baghdad says won’t tolerate ‘2nd Israel’ as 1,000s of Iraqi Kurds hold pro-independence rally

Published time: 18 Sep, 2017 02:09 Crowds filled the streets of the Iraqi Kurdistan capital, rallying ahead of an independence vote this month. While some were waving the flag of Israel, which backs the Kurds’ aspirations, Baghdad says it won’t allow the creation of a “second Israel.” On Saturday, the city of Erbil saw thousands […]

Turkey will not tolerate Kurdish state & ‘terror havens’ on its borders – Erdogan

Published time: 9 Jul, 2017 03:59 Ankara will respond decisively to any threats on its borders, Turkish President Recep Tayyip Erdogan declared at the end of G20 summit in Hamburg, warning against any push by the Kurds to secure their own independent region. The Kurds have been the main fighting force battling jihadist on the […]