The International Monetary Fund is forecasting that Japan's economy will grow 0.7 percent this year, up 0.2 percentage point from its earlier estimate due to stimulus measures to mitigate the impact of the Oct. 1 consumption tax hike. The Washington-based institution also said global growth ...
For euro reforms, growth is the enemy
The harsh truth is that institution-building in Europe tends to occur when the continent is in crisis.
Greece wins €8.5 billion in fresh loans though path to debt repayment remains murky
Greece's creditors agreed to release €8.5 billion ($9.5 billion) in new loans for Athens, capping a key chapter in the country's bailout and ending months of uncertainty over whether it could meet large bond payments due in July. The decision came after euro-area finance ministers ...
The eurozone is stuck in a semi-permanent economic malaise, which could destroy it.
The EU becomes the disunited bailout union
No one other than the Eurocratic elite believes in the EU. In the future the debate on the continent may increasingly be about how fast and far to roll back "Europe."
The remedy for Greece lies in adopting the right structural reforms, including dismantling corporatist arrangements and practices that obstruct innovation and entrepreneurship.
U.S., NATO fear Greek fifth column to aid Russia
The paranoid panic that Greece's economic problems could destroy Europe's and America's geopolitical standing should generate a mix of scorn and laughter.
The financial contagion of Greek profligacy may have been averted, but the price will be the even more virulent political contagion of Euroskepticism.
While the latest bailout package provides a lifeline for the Greeks, it does not provide the means for them to get back safely on land.
What Europe should learn from Asia's crisis
Asia's experience is proof that denial and ill-timed austerity fix nothing. Greece must modernize its economy.
The eurozone must find a way to ensure future debt discipline without provoking an even deeper crisis in Greece.
Germany, not Greece, should exit the euro
A German return to the deutsche mark would cause the value of the euro to fall immediately, giving countries in Europe's periphery a much-needed boost in competitiveness.
