French President Sarkozy’s request for Chinese money in support of the euro rescue symbolized three historic shifts in great power relations: the fragility and endangerment of the European project, the ascendance of China, and the beginning of the end of the American era. […]
With the global economy on unstable ground and little economic space remaining for additional policy support, world leaders must focus on preventing a catastrophe in Europe. […]
The global economic outlook for 2012 and 2013 is exceptionally uncertain. With the euro crisis continuing to fester, a global credit crunch, and generalized slowdown threatening emerging markets, it remains unclear where growth will come from. […]
Europe is trying to solve its economic problems through further fiscal integration and greater financial oversight, but fears are high that the steps taken thus far are not enough to stem the crisis. […]
The long run economic success of the United States will determine its ability to continue to provide economic and political leadership to the order it created in the aftermath of World War II. […]
The United States must take urgent steps to help Europe resolve its debt crisis, while simultaneously preparing for the worst—the collapse of the both the euro and global financial system. […]
The eighth World Trade Organization Ministerial Conference in mid-December will be held at a time when the global trading system faces considerable challenges, including a deteriorating global economic environment and mounting trade tensions. […]
The euro crisis has grown too big for Europeans to handle alone. The United States must act to help save the euro—or risk paying a much bigger price if it collapses. […]
After the failure of the U.S. “supercommittee”—which may mark the beginning of a multi year impasse—it is far from clear that Washington lawmakers will be able to address the country’s fiscal problems before the markets turn. […]
Based on the experience of Greece, Ireland, and dozens of other countries that have had to resort to IMF-style rescue programs, Italy is unlikely to avoid a protracted and deep recession. […]
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