Five misconceptions—all rooted in denial—are preventing policymakers from appreciating the gravity of the crisis in Europe, which represents the greatest threat to the global economy since the Lehman debacle. […]
The ability of the service sector to generate growth is widely underestimated. So long as country avoid taking protective measures and harness their competitive advantages, countries should welcome larger service sectors. […]
To save the euro, Europe must not only put out the immediate fire, but also act to prevent future fires by layering both fiscal and political unions on top of its currency union. […]
The Arab Spring has toppled three governments and galvanized change across the Middle East. But fiscal, external and labor market imbalances are widening, and both new and old governments are under pressure to deliver simultaneously on political, economic, and social fronts. […]
Like European leaders in their summit the week before, the G20 failed to put forward concrete steps that will resolve the European debt crisis and stabilize global financial markets. […]
Although Cannes provided the United States and the broader G20 with an opportunity to rescue Europe from its current economic turmoil, the G20 did not make the tough decisions necessary to end the Eurozone crisis. […]
The European leaders’ emergency summit featured plenty of headline-grabbing numbers, but far fewer actual commitments and details. It will not save the eurozone, but it will allow it live on to fight the next battle. […]
How can Arab economies better leverage regional and global trade to restart growth and drive economic and social development? The following dimensions will be addressed: Global growth markets, Relations with developed economies, Diversification of economic output for high value trade […]
An economic crisis comparable in size and virulence to the Lehman Brothers episode could erupt if Italy and Spain lose their ability to borrow. The G20 must act now to stabilize the eurozone. […]
With EU leaders scrambling to keep Greece afloat, rating agencies continuing to downgrade European sovereign credit, banks being pushed to the brink, and Europe likely slipping back into recession, time may be running out for the euro. […]
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