Feb 9, 2015

Greek exit from euro inevitable: Greenspan

Greece will have to leave the eurozone sooner or later, the former head of the United States central bank, Alan Greenspan, said on Sunday. The comments come after a diplomatic blitz by Greece’s new anti-austerity government to try to renegotiate a new debt deal ...

Feb 1, 2015

Greece's new government

The victory of the radical left party Syriza in Greek national elections last week poses challenges to the established political order in that country as well as in Europe.

Switzerland stuns markets by giving up on currency peg

Jan 16, 2015

Switzerland stuns markets by giving up on currency peg

Rarely has one statement prompted such a dramatic move in currency markets. The Swiss franc achieved a turbo-charged liftoff Thursday after the country’s central bank bowed to the inevitable and ditched an increasingly expensive policy to limit the export-sapping rise of the currency. Within ...

Europe's unending crisis

Jan 12, 2015

Europe's unending crisis

by Robert J.

The European economic crisis refuses to go gently into the night because of the danger that Greece and its creditors can't agree and because of meager economic growth in the eurozone.

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.