The Middle East Bailout
The international community must provide support to countries across the Middle East in order to contain the numerous financial and economic risks created by the current unrest. […]
Month: April 2011
Portugal’s Bail-Out Follows Europe’s Not So Grand Bargain
While markets seem calm for now, the failure of the EU’s recent summit, combined with Portugal’s recent request for aid and other political setbacks, leaves the euro area vulnerable to a relapse of crisis. […]
Soaring Food Prices: Causes, Consequences, and Remedies
After a relatively short-lived decline during the Great Recession, international food prices have soared again and reached a record-high in recent months. This price surge, coupled with a dramatic spike in the price of oil, is causing great hardship for the world’s poor households. […]
Can the World Survive Another Crisis?
A series of crises in advanced countries—from the financial collapse two years ago to the devastating earthquake in Japan to a surge in oil prices—has greatly diminished their ability to deal with the next economic shock. […]