UN SG Antonio Guterres

The Fed Up, the ECB Down: Time to Endow the ECB with a Level Playing Field

After years of loose monetary policy, with 0.5 percent interest rate and three consecutive waves of quantitative easing (QE), including buying US$ 85 billion per month of Treasury bonds (T-bonds), Ben Bernanke, the chairman of the Fed’s board of governors, announced in May the Fed’s intention to commence tapering its asset purchase program. The Fed’s […]

OCP Denounces South Africa’s ‘Political Piracy’

Morocco’s phosphates company, OCP, denounced the “political piracy’” practiced by South Africa, which has been detaining the vessel Cherry Blossom loaded with 55,000 tons of Moroccan Sahara phosphates bound for New Zealand for more than 70 days, in a hostile act revealing the striking partiality of Pretoria’s justice system. In a statement, the OCP and […]

Morocco’s King Deplores Exclusion of Many Youths, Calls for Innovative Action to Unleash their Potential

King Mohammed VI has deplored the exclusion and unemployment affecting many youths, pointing out that the progress witnessed in Morocco does not benefit all citizens, especially young people, who account for more than a third of the population and who should be seen as the engine of growth. “Despite the efforts made, I do not […]