The ECB’s Moment of Decision
Frieda, Gene. With the crisis of the eurozone’s periphery having mutated into a crisis of its core, the prescriptions for recovery must change. Fortunately, it is not too late, but an effective response must be immediate, overwhelming, and free of the ideological rivalries that have enfeebled the eurozone since the common currency was launched. The […]
Public Debts: Nuts, Bolts and Worries
Eichengreen, Barry, Feldman, Robert, Liebman, Jeffrey, Von Hagen, Jürgen & Wyplosz, Charles. The thirteenth Geneva Report on the World Economy examines the fiscal woes of the US, the EU and Japan. Each faces serious medium term challenges, but they have arisen in different ways and admit of no common solution. Faster growth would help in each case: Japan’s difficulties […]