Jul 2, 2012

Commitment that failed to come

The U.N. Conference on Sustainable Development, or Rio+20, was held in Rio de Janeiro on June 20-22 as a follow up to the 1992 U.N. Conference on Environment and Development (Earth Summit), also held in the Brazilian city. Since 1992, the Convention on Biological ...

Jun 21, 2012

Tepid vote for Europe in Greece

Greece and Europe have gained some breathing room — but not much — after Sunday’s parliamentary elections in Greece. A victory by the conservative New Democracy (ND) party offers hope that the country will support a government that backs the existing austerity program, permitting ...

May 9, 2012

Europe turns on its leaders

It was a bitter weekend for Europe. In elections across the continent, voters expressed displeasure with their political leaders. The results were no surprise and reflected deep concern about economic policy and, especially, the impact of the austerity measures that have been adopted to ...

May 2, 2012

Getting weary of austerity

The results of the first round on April 22 of the French presidential election underlined that France’s economic stagnation caused by the 2008 Lehman Brothers shock and the eurozone sovereign debt crisis was an important factor. They point to people’s strong dissatisfaction with the ...

Jan 12, 2012

A way out of the debt crisis

Loss of confidence in the financial conditions of eurozone countries with mounting debts has destabilized financial markets, and the uncertainty now threatens to put the global economy in jeopardy. Amid the crisis, Chancellor Angela Merkel of Germany and President Nicolas Sarkozy of France met ...