MOST RECENT COMMENTARIES
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Paid to Fail
Lucian Bebchuk, Alma Cohen and Holger Spamann Series: The Rules Of The Game 
2010-03-18In a report just filed with the US court that is overseeing the bankruptcy of Lehman Brothers, a court-appointed examiner described how the firms' executives deliberately pursued an aggressive investment strategy, took on greater risks, and substantially increased leverage. In this way, they literally destroyed the company - but, worse still, they were paid to do so.... read Comments: 0 Recommended: 0 Read: 66
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Assault on the OAS
Jorge G. Castañeda Series: The Statesmen's Debate
2010-03-18
The OAS will have to decide on March 24 whether to re-elect Chilean diplomat and politician José Miguel Insulza as its Secretary General. But the OAS is facing a broader challenge in the threatened departure of the so-called ALBA countries - Cuba, Venezuela, Nicaragua, Ecuador, Bolivia, and Paraguay - which are seeking to establish a rival organization.... read Comments: 0 Recommended: 0 Read: 169
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Preempting Home-Grown Terrorists
Thomas de Maizière Series: Human Rights 2010-03-18When it comes to home-grown terrorists, prevention is better than repression. We should do everything in our power to avoid radicalization, to interrupt radicalization processes early, and to reintegrate radicalized individuals into our societies.... read Comments: 0 Recommended: 0 Read: 51
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Taxing the Israeli Occupation
Ezzedine Choukri Fishere Series: Islam 2010-03-17
Europe’s failure to play a role in resolving the Israeli-Palestinian conflict does not result from its supposed anti-Israeli views, but from the fact that the EU is not a state. But what Europe can do to advance the cause of peace is to alter the political calculus inside Israel by imposing an "occupation tax" that would target the settlers’ economy and the violation of Palestinians’ human rights.... read Comments: 0 Recommended: 0 Read: 508
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China’s Bad Debtor
Yu Yongding Series: China Stands Up 2010-03-17China’s foreign-exchange reserves are facing a triple whammy: a decline in the US dollar’s purchasing power, a fall in the prices of US government securities, and possible inflation in the longer run. If the US government cannot safeguard the value its securities, it should compensate China in one way or another. ... read Comments: 5 Recommended: 1 Read: 1114
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Trial by Crisis
Leszek Balcerowicz Series: Frontiers of Growth 2010-03-16
Episodes like the current financial crisis seriously disrupt economic growth. But the question that we should be asking concerns such episodes’ impact on longer-term development – and that question has attracted surprisingly little interest.... read Comments: 0 Recommended: 0 Read: 850
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The Euro Zone’s Default Position
Simon Johnson and Peter Boone Series: The Hopeful Science
2010-03-16Like the over-leveraged euro-zone countries today, Kazakhstan binged on easy loans from global investment banks in recent years, before its banks defaulted on their loans in 2009. If European leaders are smart, they will recognize that a Greek default is similarly inevitable - and that it may be just what the European (and global) financial system needs.... read Comments: 2 Recommended: 0 Read: 2306
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The Kremlin Temptation
Dominique Moisi Series: European Observer
2010-03-15
France’s recent sale of four powerful Mistral-class warships to Russia has evoked comparisons with Germany's go-it-alone strategy toward the Kremlin. Indeed, European leaders may ultimately be doing the same thing, but they are all doing it separately, as competitors vying for Russian favor rather than as partners within a supposedly tight-knit Union.... read Comments: 1 Recommended: 0 Read: 924
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Afghanistan is Lost without Better Governance
Jamie F. Metzl Series: The Asian Century 2010-03-15The US and its Afghan and NATO allies have demonstrated unmistakable progress in Afghanistan this year. But no matter what other progress is made, America and its allies cannot succeed in Afghanistan unless the Afghan government succeeds – and that government is moving in the wrong direction.... read Comments: 0 Recommended: 0 Read: 653
| States of Risk | Nouriel Roubini 
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| How to Save the Euro | Daniel Gros
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