Euro Crisis: Responses from the United States and Germany
As the European crisis continues to intensify, critical questions are emerging about German leadership and the role that the United States can play to influence events in Europe. […]
Economic Instability
Why Greece Has to Restructure Its Debt
Given the dual challenge of massive and rising debt and a loss of competitiveness now facing Greece, debt restructuring is necessary—but may not be sufficient—to restore economic growth. […]
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. […]
Germany: Europe’s Pride or Europe’s Problem?
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. […]
Europe’s Debt Crisis: More Than a Fiscal Problem
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. […]
Paradigm Lost: The Euro in Crisis
The Euro crisis, which strikes at the heart of the world’s largest trading block, no longer threatens just Europe. Economies around the globe are already being affected, and the worldwide recovery is at risk. […]
The Euro Crisis Is Bigger Than You Think
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. […]
Managing Capital Flows in the Aftermath of the Global Crisis
Capital flows are rebounding to emerging economies, prompted by the strength and speed of their economic recovery. These flows could surge in coming years, perhaps setting the stage for the development of another large bubble in emerging markets. […]
Italian Fever
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. […]