fiscal

Here are two interesting charts courtesy of the Macro Business Superblog. In outlining how the latest European crisis response policy fails to deal with the underlying issues in Euroland, Macro Business also illuminated the individual debt…

Below is the press release issued by ratings agency Moody's in response to the most recent initiative in Europe to solve the sovereign debt crisis.

The British decision to veto the proposed new EU treaty is not surprisingly provoking an avalanche of commentary this weekend. Among journalists, at least, there seems to be a consensus that David Cameron committed some kind of major…

Three events took place last week that will shape the general investment climate in the weeks and months ahead.

Below is the statement released by euro area governments in support of the policy approach spearheaded by Angela Merkel and Nicholas Sarkozy to deal with the European sovereign debt crisis.

Frederick Sheehan writes that the purpose of this dispatch is to dispel rumors that current front-page treaty talks have any economic meaning. The European and U.S. stock markets react with a 3% or 4% gain after vague announcements, but we…

The following letter from the German Chancellor and the French President was addressed to European Council President Herman Van Rompuy

What must the summit produce in order to address these and help solve the Europe crisis once and for all? The answer is very much in keeping with Wolfgang Munchau’s excellent take in his column in yesterday’s FT. Hopes have coalesced around…

In the aftermath of the emergence of a “reinforced ‘Stability and Growth Pact’”, Citigroup chief economist Willem Buiter is pessimistic about growth outcomes in the major developed economies because the political economy of the sovereign…

Italy's government has come forward with an aggressive 30 billion euro austerity package to prevent the country's bankrupcty and pave the way for the fiscal integration that Angela Merkel is pushing as the key to solving the European debt…