Italy: Call in the G20?
The G20 should consider a bailout of Italy, which would also serve as an intervention for the euro and euro zone itself. […]
Euro-Zone Crisis
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. […]
Is the Euro Rescue Succeeding?
Despite the recent optimism in Europe, evidence that countries are dealing adequately with the underlying causes of the euro crisis remains scarce. For the European rescue to succeed, leaders must focus on structural problems, not just fiscal ones. […]
The Choice for Europe
The revival of the European debt crisis will force EU leaders to choose between entering into a deeper fiscal and economic union or confronting sovereign defaults and the possible break-up of the euro area. […]
California Dreaming
Despite the grim economic outlook for California, America’s Golden State holds lessons for how Europe can survive its own debt crisis and make the continent more resilient to future shocks. […]
Europe’s Long-Term Growth Prospects
European policy makers need to respond to the Great Recession and subsequent debt crisis with far-reaching structural reforms in order to ensure that today’s downturn does not devolve into long-term slow growth and deflationary trends. […]
Europe’s Second Banking Crisis?
Still recovering from the Great Recession, European banks are now threatened by the debt crisis. Policy makers in Europe must act quickly to restore the banking system to health, beginning with fixing their fiscal mess. […]
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. […]
The Euro Crisis: A Threat to the US Economy
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. […]
The Euro Crisis and the Developing Countries
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. […]