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Showing posts with the label Europeon Union

Boris Johnson has desecrated the political structures of the United Kingdom, Ireland, and Europe.

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                 Boris Johnson receiving a sizable advance from a publisher for a book about William Shakespeare but never writing it seems pretty fitting. Johnson's ascent and descent veers between cheap humor and absurdist theatre. It lacks tragedy's majesty entirely. The opening phrase of Mark Antony's elegy for Julius Caesar, "The evil that men commit lives after them," was the only Shakespearean quotation that sprang to me at the time of his political downfall. The coffin will be light enough if Johnson's good deeds from his public life are placed with his bones. But in the upcoming decades, wickedness will have a significant impact.   This is what makes Johnson's place in history so peculiar. It is difficult to imagine a person who is both foolish and significant, irresponsible and yet deeply important. His time in power was brief, but his bad effects of it will linger. He was a politician so lacking in ability that despite having a sizable legis

Pakistan is on the Verge of Declaring Bankruptcy as the Country's Economic Situation Intensifies

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                 Despite ongoing talks between Islamabad and the International Monetary Fund (IMF) to recommence the USD 6 billion rescue package from the IMF, Pakistan is on the edge of bankruptcy as the country's economic status is facing a dismal future with no immediate bright outlook.   As of June 21, the Pakistani Rupee (PKR) had crossed the 212 USD mark. Pakistan, on the other hand, has fewer than six weeks' worth of import coverage left and its foreign exchange reserves have critically declined. Currently, the reserves are less than $9 billion, according to a Pakistan Tribune report.   Over the past year, the value of the Pakistani rupee has plummeted by a staggering 34% (or PKR 53.67). In June of the previous year, it ended at PKR 157.54. With a decline of around 16.5 percent (since December 31, 2001) against the US Dollar, the Pakistani Rupee has thus become Asia's "worst-performing currency in 2022," ranking last among a group of 13 peers that a