Europe

Marc Chandler is the global head of Brown Brother Harriman’s top ranked Currency Strategy Team. For more of BBH’s currency views, please visit the BBH FX website here. Highlights The US dollar is riding high today, with broad based gains…

I am highlighting this March 2010 post because it best represents my view on the structural changes needed in the euro-zone. I suggest setting up a pre-funded European Harmonisation Fund that can get fiscal policy harmonised and help to…

Marc Chandler is the global head of Brown Brother Harriman’s top ranked Currency Strategy Team. For more of BBH’s currency views, please visit the BBH FX website here. Highlights The US dollar is firmer, but still stuck in trading ranges,…

The Germans are pressing a hard line on all fronts of the sovereign debt crisis in Europe – not only with austerity measures for Greece but for a planned European Monetary Fund (EMF) as well. The most critical part of the German negotiating…

Highlights The US dollar’s underlying tone remains firm after recovering in the second half of last week.   Ahead of the EU Summit, Europe seems divided.  Germany’s Merkel is keen to dampen expectations that the summit will…

FT.com / Columnists / Wolfgang Munchau – Gaps in the eurozone 'football league' FT.com – Latvia's lessons Populous China heads toward labor shortage | The Japan Times Online FT.com – Germans oppose Greek aid, poll…

In late 2007 the global economy began to stumble, slipping into the abyss of a deep recession and financial panic. We are only now recovering from this stumble, in large part due to an unprecedented level of fiscal and monetary stimulus.…

In reading Scott Sumner’s take on the China currency peg dilemma, I see that both he and Paul Krugman hit on the fundamental problem in the debate: reserves. Everyone is talking about the peg as if relaxing the peg will be the magic bullet…

Highlights The US dollar is firmer against most major currencies. The euro, together with the Swiss franc and Swedish krona are the worst performers.  The euro failed to make a clear break above $1.38 yesterday and news reports…

News reports are now surfacing that the Germans are open to IMF involvement in the Greece sovereign debt crisis.  This is a 180-degree turn for the German finance minister who has expressed vocal opposition to the IMF’s involvement in…