Dec 11, 2014

Two Italian parties call for exit from eurozone

A pair of euro-skeptic parties announced Wednesday they have plans to get Italy out of the eurozone, echoing popular anger against the 28-nation bloc. Northern League head Matteo Salvini — the rising star of an Italian right in disarray — told reporters: “We want ...

Nov 26, 2014

U.S. economy grew robust 3.9% in third quarter

Growth in the U.S. economy in the third quarter was far stronger than thought, official data showed Tuesday, further distancing the United States from the ailing eurozone and Japan. The world’s largest economy clocked a 3.9 percent annual growth rate in the July-September period, ...

Optimize the troubled eurozone

Nov 4, 2014

Optimize the troubled eurozone

by Koichi Hamada

Europe's leaders must recognize that the eurozone, as currently constituted, is larger than Europe's optimal currency area. Some member countries — certainly Greece, and probably Italy and Spain — need an independent monetary policy.

Sep 9, 2014

Reform key to eurozone growth

The surprise move by the European Central Bank to lower its main lending rate from 0.15 to 0.05 percent and to push the overnight deposit rate further into negative territory indicates the central bank's fear that the stagnating eurozone economy will fall into ...

Global economic recovery marred by inconsistencies

May 16, 2014

Global economic recovery marred by inconsistencies

The global economy is plodding ahead in fits and starts as the largest countries struggle to achieve consistent growth. Europe is faltering again. Japan is suddenly surging. China is cooling. The U.S. is strengthening. In the background, central banks are aiming to administer just ...

Nov 14, 2013

Eurozone recovery grinds to a near halt; tough slog lies ahead

The recovery from recession in the 17-country eurozone nearly came to a grinding halt in the third-quarter, raising concerns that the region faces a long slog back from its five-year economic crisis. Barely three months after emerging from its longest-ever recession, the eurozone barely ...