Tuesday, March 3, 2015
  1. Economics

    The Negative Way to Growth?

    Nouriel Roubini
    Economics

    The Negative Way to Growth?

    16

     asks why so many investors are willing to lose so much money.

    Down arrows coba/Flickr

    Monetary policy has become increasingly unconventional in the last six years, with central banks implementing zero-interest-rate policies, quantitative easing, credit easing, forward guidance, and unlimited exchange-rate intervention. But now we have come to the most unconventional policy tool of them all: negative nominal interest rates. READ MORE

  2. Culture & Society

    Thomas Piketty’s Japanese Tour

    Yuriko Koike
    Culture & Society

    Thomas Piketty’s Japanese Tour

    9

     asks why income inequality has become more salient in one of the world's most egalitarian countries.

    Newsart for Thomas Piketty’s Japanese Tour Yury Zap/Shutterstock

    Six months after Thomas Piketty's book Capital in the Twenty-First Century generated so much buzz in the US and Europe, it has become a bestseller in Japan. But vast differences between Japan and its developed counterparts in the West, mean that Piketty's argument, like so many Western exports, has taken on unique characteristics. READ MORE

  3. Politics

    Europe’s Sovereignty Illusion

    Javier Solana
    Politics

    Europe’s Sovereignty Illusion

    9

     calls out European leaders who believe that purely national solutions are still possible.

    Column people illusion Tinou Bao/Flickr

    The European Union has taken democratic integration – driven by the free will of its members, rather than military force – to unprecedented levels, securing its place at the forefront of institutional innovation. But today, sentiment in the EU seems to lean toward “conflict," rather than “cooperation." READ MORE

  4. Economics

    The Costs of Grexit

    Jean Pisani-Ferry
    Economics

    The Costs of Grexit

    11

     warns that Greece's withdrawal from the euro would not go as smoothly as many now seem to assume.

    Greek exit sign MPD01605/Flickr

    From Greece's perspective, leaving the euro would be highly disruptive, which explains why there is very little support for it in the country. But there is very little agreement outside Greece about how a Grexit would affect the rest of the eurozone. READ MORE

  5. Politics

    The DNA of German Foreign Policy

    Frank-Walter Steinmeier
    Politics

    The DNA of German Foreign Policy

     defines the three main external challenges facing Europe's largest economy.

    Merkel Germany sitting Jim LoScalzo/ZumaPress

    The basic tenets of Germany's foreign policy – close partnership with France within a united Europe and a strong transatlantic alliance in terms of both security and economic cooperation – have withstood the test of time. But now Germany must address three key challenges: crisis management, the changing global order, and its position within Europe. READ MORE

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