Tuesday, May 26, 2015
  1. Economics

    Austerity Is the Only Deal-Breaker

    Yanis Varoufakis
    Economics

    Austerity Is the Only Deal-Breaker

    22

     says that his government is prepared to enact all of the reforms that its creditors expect.

    Greece parliament building Wassilios Aswestopoulos/ZumaPress

    Greece's government is eager to implement an agenda that includes all of the economic reforms that its creditors expect, and is uniquely able to maintain the public’s support for a sound economic program. What it will not do is embrace a cure – deeper austerity – that kills the patient. READ MORE

  2. Politics

    Paradise in Peril

    Charles Tannock
    Politics

    Paradise in Peril

    1

     fears that the Maldives' democratic transition has been aborted by the security forces.

    President Mohamed Nasheed of the Maldives Mohamed Nasheed/The Commonwealth/Flickr

    The plight of Mohamed Nasheed – the former president of the Maldives who has now been sentenced to 13 years imprisonment by the military government that overthrew him in 2012 – seems to have fallen off the world’s radar. This is bad news for the Maldives, where a fledgling democracy’s fate is inextricably tied to that of Nasheed. READ MORE

  3. Business & Finance

    New-Model Development Finance

    Anne-Marie Slaughter
    Business & Finance

    New-Model Development Finance

    6

     argues that the US, not China, may have the right strategy for aiding poor countries.

    Development financing Florian F./Flickr

    China’s establishment of the Asian Infrastructure Investment Bank is the latest sign of a broader move away from the view that aid to developing countries is best provided in the form of massive government-to-government transfers. Ironically, it may be the US, which opposed the AIIB’s creation, that is leading the shift. READ MORE

  4. World Affairs

    The Return of the Balkan Question

    Dominique Moisi
    World Affairs

    The Return of the Balkan Question

    11

     argues that European ideals provide the only antidote to virulent nationalism in the region.

    Srebrenica Adrien Dubuisson/Flickr

    The recent violence in Macedonia is a reminder that the Balkans region remains a volatile mix of nationalism and economic frustration, underpinned by disillusionment about progress toward membership in the EU. But the EU continues to be the only alternative to a future as bad as the worst of the past. READ MORE

  5. Economics

    A World of Underinvestment

    Michael Spence
    Economics

    A World of Underinvestment

    21

     calls for international cooperation to boost investment in struggling post-crisis economies.

    underinvestment Luca Bruno/Flickr

    After World War II, policymakers recognized that deleveraging depended on nominal economic growth, which in turn depended on a global recovery. Like them, today’s policymakers should use – and even stretch – their balance sheets for investment, while opening themselves up to international trade. READ MORE

Focal Point

Skidelsky and Ferguson Debate Austerity

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