Research reveals the full extent of indebtedness — the ‘most urgent issue in international finance’.
Every ‘grand bargain’ so far has failed to acknowledge the deep-seated imbalance between Germany and everyone else in the single currency.
The new coalition government warns it will run out of options unless the bailout is forthcoming.
Angela Merkel and Nicolas Sarkozy have a plan that will help secure the single currency but some members will probably have to go.
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/ 11 September 2011
Greek Prime Minister George Papandreou is under fire amid rumours that creditors are about to pull the plug.
Differing opinions on the euro’s evolution hide the fact some eurozone countries may see their future outside of the fiscal union.
Politicians must convince German, Dutch and Austrian taxpayers that it is worth signing up to some kind of Europe-wide rescue fund.
The International Monetary Fund is once again a major force, but given its recent track record, will its policies do more harm than good?
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/ 28 December 2008
It was the year the neo-liberal economic orthodoxy that ran the world for 30 years suffered a heart attack of epic proportions.
Clinching a deal would have provided a powerful vote of confidence in globalisation from the WTO’s 153 members, in the face of the world economic slowdown.