Trichet Urges Italy to Speed Up Austerity Plan
European Central Bank President Jean-Claude Trichet on Saturday urged Italy to quickly agree on and push for approval of economic measures aimed at cutting the country’s budget deficit and quelling...
View ArticleThe eurozone and the US: A tale of two currency zones
Europeans think it is all very unfair. They point out that, in aggregate, the eurozone is in no worse an economic position than the US: its public finances are in better shape than the US’s, and its...
View ArticleShould the Fed save Europe from disaster?
Unless Germany agrees to the full mobilization of the European Central Bank very fast, the eurozone will spiral out of control. As The Economist put it, “The risk that the currency disintegrates within...
View ArticleFor the U.S. and EU, what nearly killed us could save us
The U.S. entered the recession with too much borrowing, too much spending, and too much confidence, Lawrence Summers wrote for the Financial Times. But what we need now, ironically, is more borrowing,...
View Article‘Germany as isolated on Euro as US was on Iraq’
Market participants and EU politicians are starting to sound more apocalyptic in their warnings about the euro crisis as yet another make-or-break summit, on Dec. 8 and 9, draws near. Meanwhile the...
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