Given the economic problems facing both sides of the Atlantic, Europe and the United States can best support democratic transitions in Arab countries through enhanced trade agreements that improve market access and maximize job-promoting reforms. […]
Today, the big economic risks come not from the United States, but from European countries struggling to figure out a long term solution to sovereign debt and the weak institutional underpinnings of the euro. […]
A failure by Italy to finance its debt could cause a massive banking crisis that could spell the end of the euro, but Italy’s problems are too severe to be remedied by any simple solutions. […]
Financial market turmoil and U.S. debt woes threaten to undermine the global recovery, but the biggest danger to the world economy comes from Europe and its worsening debt crisis. […]
The G20 should consider a bailout of Italy, which would also serve as an intervention for the euro and euro zone itself. […]
Because the U.S. economy is both competitive and flexible, policy makers in the United States can afford to be bold in tackling the country’s large fiscal problem. […]
An appreciation of the renminbi is not the catch-all solution some claim it to be. If China were to revalue its currency, a widespread appreciation of Asian currencies would not follow, nor would the U.S. current account deficit benefit. […]
While a temporary default is not likely to fundamentally alter the global economic dynamic, the U.S. budget imbalance and uncertainties over whether Washington will address that imbalance are major contributors to international tensions. […]
To gain the popular legitimacy needed for a sustained political transition, Egypt’s government will need to show progress on the economic front. What happens in Egypt is pivotal in determining the course of the rest of the region. […]
If the transition in Egypt succeeds and the country overcomes a number of economic obstacles and acquires a democratic, accountable, and efficient form of government, it is likely to become a stabilizing force in a turbulent region. […]
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