As the world gets smaller, and more interactive, any tremor that occurs in one part is felt throughout the globe. Events both political and economic are happening so fast that they sometimes take us by surprise. The Arab Spring continues to make headlines and there are no clear winners.This is mainly due to different groups with different agendas . On the economic side we see countries on the verge of bankruptcy particularly in the Eurozone. The economic giant, the U.S. is struggling to avoid a default while trying to find a solution to its debt, a staggering 14 trillion dollars, translated to 38 cents on every dollar. The partisanship of both parties is stalling an agreement, however, there is no solution other than coming to a compromise to avoid a global meltdown.
All this is having a negative effect on the global economy. As an example a high number of people are forced to stay at home during the summer vacation creating an economic crisis for countries that live off tourism.
The Arab world has experienced a similar downturn and a complete halt of tourist activity during the first Gulf War in 1991 but people knew then that it was a hurricane that would eventually pass as it was a one off event. Today the picture is different as we await a global crisis that is both severe, long lasting and whose end is uncertain.
Let us hope that this is the dark side of the moon and that we will see the light at the end of the tunnel, and further more our hope is that the tunnel is not a long one. As human beings we have one solace and that is hope.