Greece is now facing a sovereign debt crisis that is calling into question the viability of the Euro itself. While there are no easy solutions to this crisis, both Germany and the IMF must provide Greece with the support it needs. […]
Greece’s economic imbalances are neither unprecedented nor — with help — unmanageable. Given the business, banking, and political interests in a positive outcome, Greece will either rescue itself, or be rescued. […]
Exports have become an important contributor to U.S. growth in recent years and will be crucial to the recovery. President Obama’s recently announced target of doubling exports in five years, however, appears overly ambitious. […]
As market confidence in the Greek government debt teeters on collapse, and confidence in Portugal, Spain, and Ireland continues to erode, an urgent question has emerged: will the Euro area implode? […]
During the financial crisis, exchange rates adjusted in a remarkably orderly way. Policy makers should be aware, however, that severe exchange rate tensions still require their attention. […]
Skyrocketing government debt is emerging as a new risk to the global recovery, prompting calls for stimulus withdrawal. Sustaining growth, however, should remain policy makers’ top priority. […]
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