iOS app Android app

European Central Bank

The High Cost of Transforming Europe: Why Europe Stumbled

Mark Weisbrot | Posted 06.08.2016 | World
Mark Weisbrot

It is important to remember what the European Central Bank (ECB) was doing when the "debt crisis turned into a liquidity panic."

Europe's Next Financial Crisis

Joseph V. Micallef | Posted 06.06.2016 | World
Joseph V. Micallef

A new financial crisis is brewing in Europe, one that will prove as devastating as the last economic crisis. This one will also be centered in southern Europe--only this time, instead of the sovereign debt of the region's governments, it will involve the commercial banking sector.

To Do 'Whatever It Takes,' the ECB Will Have to Take Some Risks

European Horizons | Posted 05.02.2016 | Politics
European Horizons

By Steven Kelly, University of Wisconsin. Contributor at the International Political Economy Hub blog. At the height of the euro crisis in 2012, it t...

Fiscal Assistance or Fiscal Consolidation: Europe's False Dichotomy

European Horizons | Posted 04.20.2016 | Politics
European Horizons

Eight years after the global financial crisis, the world economy as a whole looks mediocre, and Europe's looks bleak at best.

What Europe Needs Most Is What It Fears Most: Migrants

European Horizons | Posted 03.27.2016 | World
European Horizons

This resurgence in far-right ideology is partly due to security concerns, but, as in the U.S., is also a response to Europe's legacy economic woes. This far-right momentum, if continued, will prove to be a perverse response to the crises facing Europe, only exacerbating economic pain.

Political Risk is Preventing European Economic Recovery

European Horizons | Posted 03.10.2016 | Politics
European Horizons

As the European economy continues to stall and as there is still a lack of active, coordinated fiscal policy in Europe and the Eurozone, political turmoil will continue at the polls and in government bond markets.

European Authorities' Failed Economic Policies Hit Resistance in Spain

Mark Weisbrot | Posted 03.02.2016 | World
Mark Weisbrot

The Spanish elections in December provided proof, if anyone needed it, that the fight over the economic and social future of Europe is far from over.

A Quick Central Bank Primer for Volatile Financial Markets

Mohamed A. El-Erian | Posted 02.15.2016 | Business
Mohamed A. El-Erian

With so much financial market volatility this year, we should look at the extent to which central banks have been the primary policymaker in many countries; and points to what they can and cannot do going forward.

The Only Game in Town

Mohamed A. El-Erian | Posted 01.27.2016 | Business
Mohamed A. El-Erian

The global financial crisis that shook virtually every country, government, and household in the world in 2008-09 gave way to a frustrating "new normal" of low growth, rising inequality, political dysfunction, and, in some cases, social tensions. Now this new normal is getting increasingly exhausted.

Our Deflationary Times!

Harlan Green | Posted 01.20.2016 | Business
Harlan Green

The answer in the New Year to the inflation conundrum may be at hand, the conundrum that has kept the Fed pushing down interest rates since the Great Recession and recovery.

Why Jews Should Celebrate Thanksgiving 2015!

Rabbi Levi Welton | Posted 11.26.2015 | Religion
Rabbi Levi Welton

As a Jew, I remind myself that for 4000 years, my ancestors cried and prayed for the extraordinary era in which I live, a day in which the Jewish people enjoy both sovereignty in our homeland and freedom in the Diaspora!

This Is the Right Time for Higher Interest Rates: Nothing to Be Afraid of

Georges Ugeux | Posted 08.28.2016 | Business
Georges Ugeux

We have had enough of those policies that favor markets and financial institutions to the detriment of the rest of the economy. The Federal Reserve has been waiting too long to correct the current abnormal situation. The IMF is wrong to encourage it to do so.

No Way Out: A 21st Century Greek Tragedy

Joseph V. Micallef | Posted 08.10.2016 | World
Joseph V. Micallef

The EU cannot acknowledge that Greece is bankrupt or that its Greek debts are uncollectible because, at least for now, no European leader wants to take blame for losing billions of Euros of national wealth.

In Defense of Varoufakis

Mohamed A. El-Erian | Posted 08.03.2016 | World
Mohamed A. El-Erian

LONDON -- When push came to shove, Varoufakis faced the difficult choice of going along with more of the same, despite knowing that it would fail, or trying to pivot to a new approach. He bravely opted for the latter. While his brash style undermined outcomes, it would be a real tragedy to lose sight of his arguments (which have been made by many others as well).

From Greek to Euro Crisis: How German Ideology Is Destroying Europe's Future

Jakob von Uexkull | Posted 08.03.2016 | World
Jakob von Uexkull

The EU must and can settle internal deficits and surpluses, as long as these remain within the euro zone. Therefore, a better integration of economic and fiscal policies and a significant increase in economic transfers within the euro zone are needed.

Soulless Economics

Robert Koehler | Posted 07.16.2016 | Politics
Robert Koehler

An allegedly impersonal economic structure, which quietly benefits the infinitesimally few who have far more than they need, is no foundation for our future.

MoveOn and Robert Reich: Save Greece and Reject Global Austerity

Robert Naiman | Posted 07.13.2016 | Politics
Robert Naiman

MoveOn and Robert Reich have launched an emergency campaign to press the Obama administration to use its influence in the International Monetary Fund to push for a just end to the crisis in Greece.

Jamie Galbraith: The Greek Revolt Threatens European Elites

Lynn Parramore | Posted 07.09.2016 | Politics
Lynn Parramore

Here Galbraith discusses the last week's dramatic turn of events and what is at stake going forward as the austerity doctrine -- and the entire neoliberal project -- come under threat.

Zach Carter

Why Obama Is Leaving Greece To Fend For Itself Against Germany

HuffingtonPost.com | Zach Carter | Posted 07.08.2015 | Politics

WASHINGTON -- The Obama administration is effectively sitting out the contentious talks over the festering economic crisis in Greece, despite increasi...

Here's How Ordinary Greeks Are Living With Closed Banks And ATM Limits

The Huffington Post | Nick Robins-Early | Posted 07.07.2015 | World

Negotiators are working in Brussels this week to reach a deal on Greece's worsening debt crisis. Meanwhile, across Greece, banks are closed and capita...

Who Knows What's Next For Greece? Google, Hopefully

The Huffington Post | Alexandra Ma | Posted 07.06.2015 | Technology

Moments after the Greeks rejected an austerity deal from the EU, they took all of their unanswered questions to Google.

Greece Has Reached Its Threshold of Pain

Daniel Wagner | Posted 07.06.2016 | World
Daniel Wagner

It should not have come as a surprise that the majority of Greek voters opted not to accept more externally-imposed austerity, by voting "no" in Sunda...

OXI! Greek Voters Stand Up for A New Deal

Dan Siegel | Posted 07.06.2016 | Politics
Dan Siegel

While Americans celebrated a long-ago victory against British colonial overlords, the small but proud nation of Greece stood up to reject the failed austerity economics proscribed by European bureaucrats that has driven the country into a debt-driven dependency and depression.

PHOTOS: Greeks Prepare For Crucial Referendum

The Huffington Post | Alexandra Ma | Posted 07.02.2015 | World

Greece was on edge on Thursday, days ahead of a controversial referendum on the country's economic future. Scheduled for Sunday, the referendum wi...

The EU, the Grexit, and Market Failure

Daniel Wagner | Posted 06.26.2016 | World
Daniel Wagner

An orderly unwinding of Greece's and Europe's debt is possible. If it could be done in the U.S., when a third of all savings and loans associations failed in the 1980s and 1990s, something similar can be done in Europe.