The Euro in Crisis: Global and Regional Implications
Despite unprecedented support from the European Union and the IMF, the euro crisis that began in Greece has quickly engulfed Europe and now threatens the very future of the euro. […]
Month: June 2010
Paradigm Lost: The Euro in Crisis
The euro crisis is driven primarily by two elements – problematic sovereign debt in Greece, Ireland, Italy, Portugal, and Spain, and fragile European banks. While ballooning public debt may be the clearest manifestation of the euro crisis, its roots go much deeper. […]
Lessons from the Global Financial Crisis
With the effects of the financial crisis that began nearly two years ago still being felt today, the time has come for a candid assessment of the structural and regulatory weaknesses that helped create it. […]
Global Trade on the Mend but Serious Risks Remain
The strong recovery in global trade is now threatened by the European debt crisis, which will depress demand in Europe, reduce trade financing, and potentially force the early withdrawal of stimulus measures across the G20 and increase protectionism. […]
Europe’s Second Banking Crisis?
Still recovering from the Great Recession, European banks are now threatened by the debt crisis. Policy makers in Europe must act quickly to restore the banking system to health, beginning with fixing their fiscal mess. […]
Why is Obama Calling Merkel?
The United States has a vital interest in containing the Euro crisis, and Germany’s leadership or lack of it will determine whether the response to the crisis succeeds or the euro zone unravels. […]
Fair Competition was Distorted but There is No Protectionist Surge
The Great Recession prompted a number of far-reaching government interventions. While those interventions did distort competition, they did not do so in an overly protectionist way that risks undermining markets in the longer-term. […]
Causes and Consequences of the Euro in Crisis
European leaders are finally coming to appreciate the depth and severity of the European debt crisis, but their policy responses so far still do not go far enough to resolve the crisis. […]
Euro Crisis: Responses from the United States and Germany
As the European crisis continues to intensify, critical questions are emerging about German leadership and the role that the United States can play to influence events in Europe. […]
The Making of a Crisis
Today’s crisis in Europe can be traced back to eight primary causes, beginning with introduction of the euro over a decade ago. […]