Greeks See Light at the End of the Austerity Tunnel
A decisive vote for Syriza and its left-leaning leader, Tsipras A chunk of Draghi’s $1.23 trillion stimulus will go to Greece Time to book a trip—the euro is now $1.11 In a single week, we witnessed these events: Mario Draghi…
As Deflation Looms, It’s Europe’s Moment of Truth
Europe is in trouble… Again. This time, Europe is on the brink of disastrous trouble. This, unfortunately, seems to be news not yet delivered to many European Union technocrats—in particular, many Germans. It starts to look reckless for policy makers…
As Europe Slowly Recovers, the US Heads off the Cliff
What at a year for the European Union. Europe has now fought its way through the worst of its fiscal crisis, and the year ahead will end up being more about recovery than austerity. It may seem strange to hoist…
As Merkel Goes, So Goes the European Union
The European Union is likely to take a step to finalize the Continent’s economic and financial recovery strategy. And make no mistake: We all have an interest in this phase of Europe’s protracted struggle to reshape itself. This Thursday, Mario…
Can Draghi Turn the EU Ship Around in Time?
What a roller coaster ride Europe has embarked upon. A week ago Mario Draghi, the president of the European Central Bank, made his now-famous “whatever it takes” remark in defense of the euro, and the markets bounded upward. Since then…
At Last, a Smart Life-Saving Plan for Europe
Whatever it takes” seems to have acquired a totemic meaning among the world’s central bankers. It has long been among the favored market-calming phrases uttered by Ben Bernanke, chairman of the U.S. Federal Reserve. Now Mario Draghi, head of the…
How a European Recession Can Infect U.S. Markets
Europe is starting to look slightly schizophrenic, and we had all better pay attention. The stock slide last week — the worst of the year — was the direct result of wobbly conditions among the European economies, notably a growing…
Five Things that Worked in 2011 Foretell 2012
2011 will go down as a good year for very few of us. Suspense, crisis, loss, frustration, and anxiety seemed to lie everywhere one turned. What better time to remind ourselves of a few developments during the year that are…
Euro Zone Debacle: This Week Could End the Crisis
This could well be the week the eurozone crisis advances toward a credible resolution. We have heard this before, so it is too soon to exhale, but if all goes according to plan, a way through Europe’s currency and economic…
Save the Euro! The Risky Option that Could Work
Last week was miserable for those hoping the eurozone holds together and its 17 members remain part of the world’s first common-currency union. The bad news kept coming straight through Thanksgiving. But does it all add up to the collapse…
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