Eurozone

  • Greece
    Global Economics Monthly: July 2015
    Bottom Line: If Greece exits the eurozone, introducing a new currency could occur quickly; getting the policies right is the more difficult challenge facing the country. Greece is engaged in last-…
  • Greece
    Global Economics Monthly: April 2015
    Bottom Line: If the past is any guide, the decisions now confronting the Greek government about who to pay and who not to—the politics of arrears—will present a critical challenge and likely define t…
  • Financial Markets
    The Credit Rating Controversy
    The three major credit rating agencies have been accused of contributing to the global financial crisis, drawing increased oversight from regulators in the United States and Europe. Nonetheless, investors continue to rely on the largely unchanged ratings services.
  • Eurozone
    The Eurozone in Crisis
    The eurozone, once seen as a crowning achievement in the decades-long path toward European integration, continues to struggle with the effects of its sovereign debt crises and their implications for the future of the common currency.
  • Budget, Debt, and Deficits
    Global Economics Monthly: November 2014
    Bottom Line: The European Central Bank's (ECB) recent asset-quality review (AQR) and stress test of eurozone banks was an important step. But restarting growth requires stronger macro policies if Eur…
  • Capital Flows
    Eurozone Bank Deposits Are Fleeing for Germany
    The eurozone leadership is finally coming around to accepting that a major continent-wide bank recapitalization program is necessary.  Germany wants each country to take care of its own banks.  T…