Word: crisises
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The frenzied betting by financial markets against the stability of Greek government bonds is a clear indication that many investors don't believe Athens will find a way to deal with its massive debt - at least not without an equally huge European bailout. But beyond the market speculation lies a...
The responses, of course, depend on who you ask. However, it's clear that if levelheaded economic experts are even pondering the viability of Europe's monetary union, the situation is grave indeed. "This is a very deep crisis for the euro and all of Europe because what we have...
The rest of the euro-zone countries can come to the rescue. Indeed, these countries - led by France and Germany - have pledged twice this month to do what's necessary to see Greece through its deficit crisis and defend the common currency. If need be, officials say, that will include...
Though worried about the underlying causes of the crisis - overspending by governments that led to spiraling budget deficits and public debts - Moreau Defarge believes member states will indeed take whatever efforts are required to save the euro. "There's nothing for any of them to go back to," he says...
It might have been more profitable for Obama to have concentrated on trying to fix Gaza first. It was the immediate crisis when he took office, and it remains so. It is difficult to solve, but not impossible. Success would set a predicate: the Administration could be relied upon to...