Friday, July 31, 2015
  1. Economics

    Can the Euro Be Repaired?

    Jean Pisani-Ferry

    Can the Euro Be Repaired?


     addresses what has quickly become the fundamental question facing the European Union.

    german euro coin Mouser Williams/Flickr

    When Wolfgang Schäuble, Germany’s finance minister, recently tabled the option of a Greek exit from the euro, he wanted to signal that no member country could abstain from the monetary union's rules. But his initiative triggered a much broader discussion of the euro’s governance and the very rationale for its existence. READ MORE

  2. Business & Finance

    Still Too Big to Fail

    Simon Johnson
    Business & Finance

    Still Too Big to Fail


     laments that systemically important banks still cannot be subjected to standard bankruptcy rules.

    Jamie Dimon Jamie Dimon/Fang Zhe/ZumaPress

    Nearly seven years after the global financial crisis erupted, and more than five years after the passage of the Dodd-Frank financial-reform legislation in the US, the cause of the crisis – banks that are “too big to fail” – has yet to be uprooted. As long as that remains the case, another disaster is only a matter of time. READ MORE

  3. Economics

    The Profit-Sharing Economy

    Laura Tyson

    The Profit-Sharing Economy


     shows how broad-based employee-ownership programs can boost long-term economic growth.

    extreme wealth Domonkos Angi/Flickr

    As the income of the top 1% of US households soars, wages for the majority of American workers continue to stagnate, which is undermining long-term economic growth and prosperity. The introduction of more broad-based profit-sharing arrangements could be a key step toward ameliorating this trend. READ MORE

  4. Politics

    Rule, Germania

    Harold James

    Rule, Germania


     explains why Germany is so insistent on a legalistic approach to the eurozone's functioning.

    Wolfgang Schauble Wiktor Dabkowski/ZumaPress

    A persistent feature of the discussions about how to address Europe's debt crisis has been German leaders' insistence that the rules must be followed. Germany's obsession with rules reflects the way its federal system of government has shaped its decision-making, as well as its historic experience with debt crises. READ MORE

  5. Economics

    In Defense of Varoufakis

    Mohamed A. El-Erian

Focal Point


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