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The Political Consequences of Inequality

Harlan Green | Posted 03.10.2015 | Business
Harlan Green

Europe is now suffering the same fate, with conservative governments in control and the debtor nations such as Greece still being punished, while Germany flourishes as it protects its own interests rather than that of the EU as a whole

How Austerity Economics Turned Europe Into the Hunger Games

Lynn Parramore | Posted 03.10.2015 | Politics
Lynn Parramore

A nasty strain of austerity capitalism has taken over Europe, leaving broken lives in its wake. Researchers Servaas Storm and C.W.M. Naastepad consider how things got so bad, what role economists and misguided policy-makers have played, and how to change course.

Is Another Euro Crisis at Hand?

Ivan Eland | Posted 03.07.2015 | World
Ivan Eland

If you have any spare cash laying around and need of a vacation, Chevy Chase would probably recommend that you go to Europe. The euro currency has dipped to a nine-year low against the dollar. That is good for tourists going to Europe, but is not good for European economic prospects in the long term. Why?

Is Economic Warfare the Theme for 2015?

Ambassador Muhamed Sacirbey | Posted 03.07.2015 | World
Ambassador Muhamed Sacirbey

Is the Russian Ruble becoming financial rubble as consequence of targeting by the U.S. and its allies? The dramatic fall in oil prices and commensurate drop in the Russian currency, is this coincidental to broader global economic trends or an orchestrated assault?

EU Calls Euro Membership 'Irrevocable' But Renegotiable

AP | RAF CASERT | Posted 03.07.2015 | World

BRUSSELS (AP) — The European Union's executive Commission said Monday that membership in the euro bloc is "irrevocable" but left it open to what ext...

Why Early Elections Aren't a Risk for Greece

Thanos Dimadis | Posted 02.18.2015 | World
Thanos Dimadis

Some analysts predict that the current political instability in Greece is going to drag the country back into a new tragedy of uncertainty, economic meltdown and a Grexit potentially.

A Global Disease Called Deflation

Edward Goldberg | Posted 02.16.2015 | World
Edward Goldberg

Two weeks ago I wrote a piece entitled THE 5 KEY TRENDS IN GLOBALIZATION THAT ARE CHANGING AMERICA and THE WORLD. On account of on going geo/economic ...

The Tale of Two Economies

Kevin Price | Posted 02.15.2015 | World
Kevin Price

In 2008 the world was riveted by the economic collapse of Europe as countries plummeted into financial ruin due to deficits out of control. Particularly hard hit were countries like Greece, Portugal, Ireland, Cyprus, and Spain.

How Globalization Changed America in 2014, and What It Might Mean for 2015

Edward Goldberg | Posted 02.07.2015 | Politics
Edward Goldberg

It is the season of lists: best movies, best books, and so on. I thought I should continue a tradition I started several years ago of creating a different type of list: a geo-political-economic list -- a list of the globalization top five from an American perspective.

Podenomics vs. Podemology, or Reality vs. Economic Illusions

Iván H. Ayala | Posted 01.24.2015 | World
Iván H. Ayala

Faced with the deterioration of the situation in which Spanish citizens live, it is necessary to find monetary and fiscal policies, and structural reforms, which are different to those applied so far. It is necessary to use the public sector for economic stimulus.

Cyprus President: 'We Became The Guinea Pig Of Europe'

The Huffington Post | Eline Gordts | Posted 11.20.2014 | World

When Nicos Anastasiades won a landslide victory in the country's February 2013 presidential election, Cyprus was facing its worst financial crisis in...

The Global Economy Is Flying on One Engine -- But There Is Turbulence Ahead

Nouriel Roubini | Posted 01.03.2015 | World
Nouriel Roubini

If the Republican Party takes full control of the U.S. Congress in the midterm election, policy gridlock is likely to worsen, risking a rerun of the damaging fiscal battles that led last year to a government shutdown and almost to a technical debt default. More broadly, the gridlock will prevent the passage of important structural reforms that the U.S. needs to boost growth.

The ECB Assessment of Eurozone Banks' Health Will Not Dissipate Fundamental Questions

Georges Ugeux | Posted 12.26.2014 | Business
Georges Ugeux

After months of waiting, we just received the results of the assessment of the health of Eurozone banks by their new supervisory authority: the European Central Bank. They were predictable, but the exercise has limitations.

Why Europe Is Spooking Stock Markets

David Dagan | Posted 12.19.2014 | Business
David Dagan

The stock markets have picked up a bad case of the jitters recently, providing more fodder for the theory that investors don't do well with the approach of Halloween.

Hype and Reality: American Economic Numbers

David Coates | Posted 12.09.2014 | Politics
David Coates

It is true that the rate of economic growth has quickened, but that rate is still low by pre-recession standards. In July the IMF actually cut the U.S. growth forecast for 2014 to just 1.7 percent, the CBO's in August was just 1.5 percent. These are not stellar growth numbers.

Global Economy Shows Increasing Signs of Fragility: From Wall Street to Berlin, the Warning Lights Are Flashing

Sheldon Filger | Posted 12.09.2014 | Business
Sheldon Filger

Underlying and reinforcing fears is the knowledge within the financial community that sovereigns expended so much of their capital in coping with the last worldwide economic crisis, there is little left for policymakers to react with when the next big financial and economic tsunami strikes the global economy.

The Reykjavik International Film Festival Is the Tectonic Meeting Point of European and American Indie Cinema

James Marshall Crotty | Posted 12.09.2014 | Entertainment
James Marshall Crotty

Whether you are looking to write, scout or shoot (the Icelandic Film Centre offers a 20 percent rebate if you meet certain "cultural criteria"), put Reykjavik and RIFF in your filmmaking bucket list.

The EU's Anti-Austerity Hypocrites

Steve H. Hanke | Posted 09.29.2014 | World
Steve H. Hanke

According to the coalition, its members simply cannot impose further spending cuts. They assert that their budgets have been cut to the bone. This claim is ludicrous.

Germany Has the Most Unequal Distribution of Wealth in the Eurozone

Nicolas Berggruen | Posted 09.27.2014 | World
Nicolas Berggruen

Germany has the most unequal distribution of wealth in the eurozone. In this sense, Germany faces the same challenge as China: a high-export and saving economy which needs to rebalance through policies that create a greater flow of wealth to households, thus spurring greater consumption. This, in turn, can create demand for imports from Germany's European neighbors.

What Will Be Summer 2014's Big Story? A Top 10 List Of Candidates

Terry Connelly | Posted 07.28.2014 | Business
Terry Connelly

The summer of 2014 will have a lead story all its own, and there are already many candidates for top honors. So follows a suggested "top 19" list of the stories most likely to dominate the news (if not the beach reading) this summer.

Angela Merkel is not the Queen of Europe

Jürgen Trittin | Posted 07.23.2014 | World
Jürgen Trittin

Europe is both our task and chance to fight for our solitary future -- because only a strong and solidly united Europe can guarantee a democratic globalization.

European Union 2014: Another Chapter in the "Dis-integration" of the EU?

John Sydney Hopkins | Posted 07.16.2014 | World
John Sydney Hopkins

What has evolved over the last 20 or so years is a natural divergence between the fundamentally weaker and stronger economies, particularly since the onset of the global financial crisis five years ago.

Democracy's Conundrum: Reforms Take Time to Mature -- But Voters Want Results Now

Mario Monti | Posted 07.13.2014 | World
Mario Monti

All great reforms must first mature. To be successful, they must be fully understood by society. This process requires time and a lot of explanations. However, the need to obtain the consent of the people must not deter the leaders from their mission, even if it makes them unpopular. As it is written in the American Federalist Papers: "When occasions present themselves, in which the interests of the people are at variance with their inclinations, it is the duty of the persons whom they have appointed to be the guardians of those interests, to withstand the temporary delusion, in order to give them time and opportunity for more cool and sedate reflection (Federalist Papers Nr. 71). What is called "populism" nowadays is not really tantamount to defending the real interests of the people. Rather, it is a political ruse, which consists of using ultra-simplified language that is easily understood by the people, playing on their sense of fear, to conquer power.

April Showers Hit Markets: Bring an Umbrella to Trade

Terry Connelly | Posted 06.11.2014 | Business
Terry Connelly

Forces at work from Tokyo to Kiev have been roiling the U.S. stock market for a couple of week. But the financial sushi that is now on the menu in Japan, and Russia's "Crimea of the Century" are only part of the story.

Greeks Struggle to Pay Bills

Ben Barber | Posted 06.09.2014 | World
Ben Barber

Euro zone financiers agreed to release 8.3 billion euros in rescue loans to Greece. It was a sign Europe believed Greece is emerging from its crisis. But for the ordinary people looking for work in Athens and elsewhere, recovery will take a long, long time.