Prospects for the Eurozone
As concerns rise over a potential exit by Greece and a possible bailout for Spain, the eurozone remains in a very difficult predicament, with few good options for moving forward. […]
Economic Instability
The Euro-Exit Taboo
Europe’s periphery is finding itself at a crossroads similar to the one Argentina and Latvia faced in the last decade. But a decision to exit or stay in the eurozone will have much more far-reaching consequences. […]
Europe in the Eye of the Storm
Coordinated policy and plain luck have propped up the eurozone, but have not decisively addressed the root cause of the euro crisis: diminished competitiveness in the periphery. […]
Dr. Kim Comes to the World Bank
While Jim Yong Kim is a strong nominee for president of the World Bank, it is interesting to imagine how a more desirable and honest nomination process could unfold. […]
Is the End of the Crisis in Sight?
As Italian and Spanish spreads on government bonds decline, Europeans are breathing a big sigh of relief. But true recovery requires big structural shifts that will take many years. […]
New Efforts to Bail Out Greece
After extensive negotiations, Europe has agreed to a new bailout package for Greece, but the deal comes with new, strict conditions. […]
Will Greece Reach a Deal?
Despite delays, the Greek rescue package will almost certainly be approved in the coming days. Whether or not the deal will prove to be sustainable is a much more difficult question. […]
How Italy Will Change
Europe needs to help, but even with help, Italy faces big changes and, assuming all goes well, two or three difficult years lie ahead. […]
IMF Chief Economist Olivier Blanchard on the Global Economy in 2012
2012 has the markings of a difficult year. The future of the euro is inscrutable and Europe is likely already in recession. Growth is slowing in the major emerging economies, and the recovery in the United States remains slow and fragile. […]
Budget Policy and Politics in an Election Year
Congressman Chris Van Hollen, the senior Democrat on the House Budget Committee, discussed what steps Congress can realistically take during the months ahead to reduce unemployment and improve America’s long-term economic outlook. […]