Two years ago this month I was in Madrid reporting a story on the troubles of the Spanish economy and what they meant for Europe and its debt crisis. And here I am today writing about the troubles of the Spanish economy and what …
Europe
The Future of the Euro: Why Sentiment Alone Can’t Save the Union
Being an American journalist reporting on the troubles of Europe is sometimes an ego-damaging experience. I regularly encounter economists, officials and other Europeans who take the attitude that we Yanks just don’t understand
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Riots Redux? As British Economy Slips in Double-Dip Recession, Anniversary of Last Summer’s Unrest Looms
For Britons, a sense of fair play rates up there with stoicism and reserve as a treasured national attribute. But particularly for Britain’s younger generation, there’s a sense the values of fairness are confined to the cricket …
Democracy Could Destroy the Euro
Upcoming elections in France and elsewhere will likely show massive popular resistance to the austerity policies needed to save the common European currency
Christine Lagarde: Emerging Market Nations Will Get More Power in the IMF
Christine Lagarde, managing director of the International Monetary Fund (IMF), sees no alternative to the strict austerity policies being imposed on many peripheral European countries, says the double dip recessions in Italy and …
Why Germany Should Leave the Euro Zone
The departure of Germany would take pressure off the weaker countries, and the costs of breaking up the euro zone will have to be paid no matter who leaves
Spain’s Death Spiral and the Hypocrisy of the Euro
Anyone out there who thinks the euro zone debt crisis is over – and you know who you are – should take a good look at what’s going on in Spain. If Italy represented the biggest threat to the euro in 2011, then Spain will be …
Europe’s Economic Woes: That Sound You Hear Is the Euro Cracking
A breakup in the euro zone just got more real with the announcement of the short list for the Wolfson Economics Prize, a prestigious economics award that has the biggest payout (£250,000, or about $400,000) after the Nobel …
Why Portugal May Be the Next Greece
The worst is over for the euro zone, the experts say. But Greece isn’t really fixed and Portugal could become a second big problem before year-end
Is Germany’s Euro Crisis Strategy Actually Working?
I have been guilty, on many occasions, of eviscerating the strategy taken by the leaders of the euro zone to combat its dangerous debt crisis. They have routinely acted too late with too little, causing contagion to spread …
Is This Stock Market Rally for Real?
Despite all the problems facing the global economy, the average U.S. stock has doubled from its 2009 lows. So this seems like the time to ask whether share prices have run up too far, too fast.
Is America’s Economic Recovery Real?
That’s the $64,000 question, particularly for the U.S. presidential elections – if things keep improving, it’s only good news for Obama. The economy has been on a roll this year, with unemployment down, consumer and …
