Why Greece Has to Restructure Its Debt
Given the dual challenge of massive and rising debt and a loss of competitiveness now facing Greece, debt restructuring is necessary—but may not be sufficient—to restore economic growth. […]
Month: June 2010
The Euro Crisis: A Threat to the US Economy
The United States has a vital interest in assuring that the euro crisis is controlled. If the crisis expands, both the U.S. banking system and export sector will be adversely affected by dwindling investor confidence, a falling euro, and slow growth in Europe. […]
The Euro Crisis and the Developing Countries
If the crisis in Europe continues to weaken the region’s economy, developing countries will likely be hurt by slower export growth and increased financial instability. […]
Germany: Europe’s Pride or Europe’s Problem?
Germany, which benefited from the introduction of the euro, should boost its domestic demand to compensate for the deflationary measures taken by other countries in Europe. […]
Europe’s Debt Crisis: More Than a Fiscal Problem
Though headlines label the Euro crisis as one caused by sovereign debt, Europe’s most troubled economies are suffering from not only fiscal profligacy, but also a severe loss of competitiveness. […]
Paradigm Lost: The Euro in Crisis
The Euro crisis, which strikes at the heart of the world’s largest trading block, no longer threatens just Europe. Economies around the globe are already being affected, and the worldwide recovery is at risk. […]