The ultimate lesson behind the Monti story in Italy is that, in the short to medium term. Europe’s economic health and its …
Debt Crisis
Will the Global Economy Tumble Off America’s Fiscal Cliff?
If the U.S. can’t resolve its looming budget problems, the fallout could plunge the entire world economy into a chasm
The Euro Crisis: Why Greece’s Election Doesn’t Matter
Despite all the attention focused on Greece’s latest election, the results won’t alter the course of Europe’s widening debt crisis
Greek Voters Provide a Respite for the Euro, but for How Long?
Europe may be relieved by the outcome of the Greek parliamentary elections, but there are still significant obstacles to overcome for Greece to remain in the euro zone
Why Spain’s Big Bank Bailout Is Really a Big Bust
Spain’s banks received a pledge for a huge rescue package from the European Union over the weekend. But some experts believe the bailout may end up causing more pain for the Spanish government in the long run
Euro Crisis: Is the Currency (Finally) Doomed?
Since the start of Europe’s debt crisis in 2009, there has been a steady drumbeat of predictions that the euro is doomed. The problems were too intractable, the debts too large, the political will too feeble. So far, the …
Which Advanced Economy Has the Most Debt?
With all the talk of Greece’s impending exit from the euro zone, debt is once again in the headlines. Greece’s massive public sector debt, coupled with its inability to devalue its currency, has put the country at risk of …
Is a Greek Exit from the Euro Inevitable?
European Voters Have Rejected Austerity—So What Happens Next?
Ballot Box Breakdown: How Europe’s Elections Will Heat Up the Debt Crisis
There have been many flaws in Europe’s strategy to resolve its ongoing debt crisis: The unreasonable obsession with austerity. The persistent reluctance to commit sufficient financial resources. The stubborn rejection of …
Why We Should Worry About Spain’s Economic Pain
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 …