In a campaign dominated by serious domestic policy concerns, perhaps it’s no surprise the only person asking the presidential candidates about the greatest threat to global financial stability is a comedian. Until Tonight Show host Jay Leno raised the European debt crisis with President Barack Obama last week, the Eurozone was almost completely absent from the presidential […]
Four years after the start of the Great Recession, the global economy has not recovered, voters are losing patience and governments around the world are falling like ninepins. This is a situation conducive to revolutionary thinking, if not yet in politics, then maybe in economics. In the past few months the International Monetary Fund, previously […]
The International Monetary Fund cut its global growth forecasts as the euro area’s debt crisis intensifies and warned of even slower expansion unless officials in the U.S. and Europe address threats to their economies. The world economy will grow 3.3 percent this year, the slowest since the 2009 recession, and 3.6 percent next year, the IMF said […]
German Chancellor Angela Merkel will tell Greeks she wants to keep their country in the euro when she visits Athens this week, but she faces a hostile reception from a people worn down by years of austerity and recession. Many Greeks blame Merkel, who has publicly chastised them for much of the past three years, […]
One of the most mind-boggling debates going on in euroland right now – only one of many, but particularly guaranteed to make the head spin, this one – is over the build-up of so-called “Target 2” claims and liabilities. Target 2 is the mechanism by which money is transferred around the euro area to ensure […]
Germany shoulders much of the blame from the rest of the Eurozone. Instead of searching for fiscal solutions, many countries are retreating to stereotypes of the past. For four years, Europe has been trying to solve its financial difficulties. Those who hold political power – especially Germany and France – are attempting (with limited success) […]
Europe has been reinventing itself since 1945, and last Monday yet another blueprint for the Continent was put forth. This one is a 12-page document from the foreign ministers of 11 nations after nine months of negotiations. Read Here – Christian Science Monitor
ANYBODY who has played (or watched their children play) life-simulation computer games, such as “SimCity” or “The Sims”, will know how engrossing they can be. Countless hours are spent creating an intricate synthetic world, be it a house or a whole city, inventing characters that speak a nonsense tongue known as Simlish, controlling their actions […]
This summer, many government officials and private investors finally seemed to realize that the crisis in the euro zone was not some passing aberration, but rather a result of deep-seated political, economic, and financial problems that will take many years to resolve. The on-again, off-again euro turmoil has already proved immensely damaging to nearly all Europeans, […]
Barack Obama had a lot on his hands last week with attacks on U.S. embassies across the Middle East, but in Europe, a big story buried by the drama of firefights in Libya, Cairo riots, and tumult in Tunisia should have him sleeping a bit easier. In fact, he might want to send a thank-you […]
looking beyond borders 