Saturday, April 25, 2015
  1. A New Deal for Greece

    Yanis Varoufakis

    A New Deal for Greece


     outlines what the government and its European partners must do to keep reform on track.

    Greece flag Michael Debets/ZumaPress

    Though three months of negotiations between the Greek government and its European and international partners have brought about much convergence, they have not yet produced an agreement. What steps are needed to produce a viable, mutually acceptable reform agenda? READ MORE

  2. Ireland’s Lessons for Greece

    Michael Heise

    Ireland’s Lessons for Greece


     defends the effectiveness of resolute fiscal consolidation in the face of severe recession.

    Ireland bank building economics Canadian Pacific/Flickr

    While no one disputes that things have gone wrong in Greece, the Syriza-led Greek government's argument that fiscal consolidation necessarily leads to never-ending recession – which forms the core of its case for a new deal from its creditors – is not borne out by the facts. Just look at Ireland. READ MORE

  3. Europe’s Roadblocks to Long-Term Investment

    Angelien Kemna

    Europe’s Roadblocks to Long-Term Investment


     urges authorities to assess the regulatory environment’s adverse effects on capital allocation.

    highway roadblock Washington State Dept of Transportation/Flickr

    The enormous number of new rules put in place in the aftermath of the 2008 global financial crisis are contributing to the lack of liquidity in Europe’s capital markets. Policymakers would be wise to reshape the broader regulatory environment with an eye toward facilitating long-term investment. READ MORE

  4. The Problem With Secular Stagnation

    Arvind Subramanian

    The Problem With Secular Stagnation


     argues that, from a global perspective, growth has driven savings, not the other way around.

    Ben Bernanke Larry Summers Wikimedia Commons

    In a recent exchange between Ben Bernanke and Larry Summers on the plausibility of secular stagnation, both agreed on the need for a global perspective. But from that perspective, the hypothesis of secular stagnation prior to the 2008 financial crisis is at odds with a central fact: global growth averaged more than 4%. READ MORE

  5. The Debt Dilemma

    Adair Turner, ET AL

    The Debt Dilemma

    & 21

    &  propose ways to cut household and government liabilities, thereby ensuring sustainable growth.

    Newsart for The Debt Dilemma JuanG89/Flickr

    The victory of the anti-austerity Syriza party in Greece’s February election has placed debt back at the center of debates about economic growth and stability. But Greece is hardly the only country that is struggling to repay its existing debt, much less dampen borrowing – and the risks are mounting. READ MORE

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