The recent spike in Greek bond yields indicates that markets have not been reassured by European leaders’ pledges to support Greece. Unless more decisive, detailed plans are announced, the Greek crisis will continue to get worse. […]
As the Euro crisis continues to play out in Greece, troubled economies in Europe face years of slow growth and deflation unless European Union leaders overhaul fiscal and monetary policy. […]
As the Euro crisis continues to play out in Greece and other weak Euro area members, the time has come for policy makers to consider moderately raising their inflation targets. […]
History shows that while leaving the Euro area and defaulting would have disastrous implications for Greece and Euro area, it may become the best of bad options if Greece does not receive adequate support from the EU. […]
Greece is now facing a sovereign debt crisis that is calling into question the viability of the Euro itself. While there are no easy solutions to this crisis, both Germany and the IMF must provide Greece with the support it needs. […]
As market confidence in the Greek government debt teeters on collapse, and confidence in Portugal, Spain, and Ireland continues to erode, an urgent question has emerged: will the Euro area implode? […]
Skyrocketing government debt is emerging as a new risk to the global recovery, prompting calls for stimulus withdrawal. Sustaining growth, however, should remain policy makers’ top priority. […]
Carnegie’s Uri Dadush and Denis Redonnet discussed how the economic crisis is affecting the EU and its member states, and how Europe can work together to create effective solutions. […]
Global depression is not the most likely scenario to result from the financial crisis, but it’s foolish to ignore the possibility. At the G-20 meeting this week, leaders must increase domestic stimulus measures, triple the IMF’s resources, and renew their commitment to avoid protectionism. […]
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