Germany has a multi-payer health insurance system, initially established in 1883 under Otto Van-Bismarck. It ensures universal coverage as all citizens are required by law to purchase health insurance. This applies to foreign students, workers, researchers and even refugees, with each group unable to enter Germany unless they are insured. The German healthcare system differsContinue reading “Germany’s healthcare system”
Category Archives: Foreign Affairs
The Economic legacy of the Obama administration
Barack Obama became the President of the US amid the worst recession since the Great Depression. He took over from President Bush following the sub-prime mortgage crisis, with the economy contracting during his first quarter in office. Thus, his legacy came to be defined by his post-recession economic policies. Supporters and proponents of what hasContinue reading “The Economic legacy of the Obama administration”
The Greek Economic crisis
To say the Greek economy has struggled over the past decade would be an understatement. Following the Great Recession of 2007-8, the state of the Greek economy was in calamity and by 2009 their budget deficit had exceeded 15% of GDP. The previous government had deficits that were greater than had initially been stated withContinue reading “The Greek Economic crisis”
Low Interest rates and inflation
Most economists consider interest rates and inflation to be inversely proportional. When real interest rates are low, periods of high inflation should occur and vice-versa. With this said, inflation in the UK has averaged a meagre 2% between 2010-19, whilst interest rates have stood at record lows. This pales in comparison with the 1990s, whichContinue reading “Low Interest rates and inflation”
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