Has Britain Gone to Pieces Over Exiting the EU?
David Cameron, Britain’s Conservative prime minister, has been bullied on the question of European Union membership. Hard-right Tories (and there are a lot of them) and aonce-marginal independence party now contrive to bring Britain to the brink of exiting the…
European Austerity Does a 180 as Lagarde Weighs In
It will not be long before we look back on this year’s meetings of the International Monetary Fund and the World Bank, which conclude Monday, and see a turning point in the global economic crisis. Europeans, who have suffered the…
The 3-Speed Global Economy Puts US in 2nd Gear
When the International Monetary Fund and the World Bank gather for theirspring meetings in Washington this week, there will be no pressing euro crisis to address, and that is more than one could say a year ago. But we could be…
The Eurozone Deal Cyprus Could Not Refuse
At last there is a deal on the table to avert financial and economic collapse in Cyprus, a threat to the euro, and bank runs elsewhere in the European Union. At this writing, the terms Cypriot President Nicos Anastasiades negotiated…
Is “Abenomics” Japan’s Second Economic Miracle?
Shinzo Abe is proving to be a surprise-a-minute prime minister. This week he will announce his intention to enter talks with the US on a controversial free-trade pact called the Trans–Pacific Partnership, according to Japanese media. It is the latest…
How a Resurgent Japan Puts Washington on the Spot
“Japan is back.” That was the message Shinzo Abe, the new Japanese prime minister, delivered to President Barack Obama at the White House a few days ago. Obama, in turn, made nice, praising the US–Japan alliance as “the central foundation…
How a Fake Currency War Panicked Global Economies
When Shinzo Abe was elected Japan’s prime minister in December, he immediate announced a $118 billion economic stimulus plan — despite a national debt equal to 200 percent of GDP, the world’s highest ratio. Then he went to the Bank…
China’s Provocative Blunder in the Pacific
China is now making East Asia as unsafe as it possibly can. Tokyo and Beijing are not that far from blows over a few forsaken rocks in the East China Sea. Is Beijing behaving badly because it wants to flex…
The U.S.- Europe Trade Agreement That’s Going Nowhere
German Chancellor Angela Merkel wants it. So do British Prime Minister David Cameron and dozens of prominent business leaders. And Washington sources tell me President Obama will back the idea when he delivers his State of the Union speech on February…
Cameron Rolls the Dice on Britain’s EU Future
Let there be no question about Britain. After Prime Minister David Cameron’s speech last week, there is a strong chance that the UK will abandon the European Union. Indeed, if a vote were held tomorrow Britons would choose by a considerable…
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