By Simon Johnson Most of the current policy discussion concerning the euro area is about austerity. Some people – particularly in German government circles – are pushing for tighter fiscal policies in troubled countries (i.e., higher taxes and lower government … Continue reading →
A panicky Spanish government issued dramatic messages of impending doom for the eurozone on Thursday as its borrowing costs reached unsustainable levels and foreign minister…
European Union countries could be obliged to bail out one another’s struggling banks, according to a draft EU law that marks a big step towards…
Moody’s slashes ratings for 26 Italian banks (via AFP) Moody’s slashed its credit ratings by up to four notches for 26 Italian banks Monday, including…
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Monday, December 12, 2011
“The European Instability and Stagnation Pact”
Antonio Fatas:
The European Instability and Stagnation Pact, by Antonio Fatas: …the European Stability and Growth Pact that s…
Analysis: Stagnant U.S. jobs market bodes ill for world conomy
On Thursday September 29, 2011, 9:57 am
By Alan Wheatley, Global conomics Correspondent
LONDON (Reuters) – Record-high long-term unemployment is testing politicians and central bankers to…
Wen Says World Must Get ‘House In Order,’ Not Rely on China
September 13, 2011, 11:30 PM EDT
(Updates with comment from Wen in second paragraph.)
Sept. 14 (Bloomberg) — Chinese Premier Wen Jiabao, facing calls to widen support for indebted Europ…
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August 8, 2011, 9:43 am
Why S.&P.’s Ratings Are Substandard and Porous
By NATE SILVER
Five years ago, if you were an investor looking for guidance on which country’…
Business News link
Excerpts:
Professor McKibbin told the Melbourne Institute conference dozens of European countries now had gross government debts on track to exceed 60 per cent of GDP. ”Japan is forecast to be 200 per cent of GDP, the US is foreca…
This article is an excerpt from the Wall Street Examiner Professional Edition Fed report of 7/17/10. It is still timely. It will always be timely…