The Making of a Crisis
Today’s crisis in Europe can be traced back to eight primary causes, beginning with introduction of the euro over a decade ago. […]
Today’s crisis in Europe can be traced back to eight primary causes, beginning with introduction of the euro over a decade ago. […]
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. […]
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, 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. […]
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. […]
Though the eight newest EU are committed to eventually adopting the euro, they all already suffer from the problems that dragged Greece into crisis, suggesting that none of them are ready to join the Euro area yet. […]
Italy has navigated the economic crisis better than many of its European neighbors, but this should not create complacency among policy makers. Unless urgent corrections are made, Italy’s economy will evolve in ways that are bound to lead to a painful crisis. […]
The economies of the United States and Europe are tightly linked via trade, investment, and financial markets. If the Euro crisis spreads, U.S. banking and export sectors will suffer. […]
Europe’s massive rescue package has bought time for its most troubled economies, but, unless these countries move forward with necessary—and deeply unpopular—reforms, the newly available money will do little to save them. […]
Whether or not Spain can overcome the challenges it now faces—which stem from the same source as those in Greece—depends on how quickly and forcefully the government responds. […]
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