February 27, 2012

Will EU Recession Wreck U.S. Recovery?

Patrick Smith, The Fiscal Times

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No sooner has the European Union wrestled into place a rescue plan for Greece than the forecasters have come out of the woodwork to tell us that Europe as a whole is headed into a recession. The most pressing questions are evident.

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TAGGED: Europe, Economy, Patrick Smith


October 9, 2012
Mission Impossible: Merkel's Mission to Greece
Stefan Kaiser, Der Spiegel
Greeks are hoping to hear Chancellor Angela Merkel express solidarity with the crisis-stricken country during her Tuesday visit to Athens. The situation, however, remains dire. If Greece is to remain in the euro zone, either more... more »
September 27, 2012
Entering Stage Three for the Euro Crisis?
Brad DeLong, Project Syndicate
BERKELEY – The first two components of the euro crisis – a banking crisis that resulted from excessive leverage in both the public and private sectors, followed by a sharp fall in confidence in eurozone governments – have... more »
October 9, 2012
Battered But Intact, Euro Mounts a Comeback
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TOKYO (MarketWatch) — Three years ago this month, a newly elected government in Greece revealed that it had inherited a budget deficit far greater than had been reported. The previous conservative administration, it... more »
October 10, 2012
Back to the Brink for the Eurozone?
Kemal Derviş, Project Syndicate
ISTANBUL – When European Central Bank President Mario Draghi announced in late July that the ECB would “do whatever it takes” to prevent so-called “re-denomination risk” (the threat that some... more »
September 28, 2012
Europe's Austerity Madness Continues
Paul Krugman, New York Times
So much for complacency. Just a few days ago, the conventional wisdom was that Europe finally had things under control. The European Central Bank, by promising to buy the bonds of troubled governments if necessary, had soothed... more »