The Great Debate UK

from Lawrence Summers:

Britain and the limits of austerity

By Lawrence Summers
May 5, 2014

The Bank of England is seen in the City of London

The British economy has experienced the most rapid growth in the G7 over the last few months. It increased at an annual rate of more than 3 percent in the last quarter -- even as the U.S. economy barely grew, continental Europe remained in the doldrums and Japan struggled to maintain momentum in the face of a major new valued added tax increase.

from Chrystia Freeland:

Nouriel Roubini sees ‘the roots of the next crisis in the current one’

By Chrystia Freeland
December 8, 2010

Nouriel Roubini is #12 on on Foreign Policy’s list of the 100 Top Global Thinkers of 2010. Over the past few years, the economist at New York University says he's been thinking most about why financial crises occur and whey they are occurring more frequently than we have expected.

Should a country always stand behind its banks?

December 7, 2010

Ever since the financial crisis broke in 2008 some of the world’s major banks have their governments to thank for their survival. The fates of Royal Bank of Scotland or Citibank would have been much worse without large injections of capital from the UK and U.S. authorities. The UK government pumped more than £37 billion into its largest banks in the immediate aftermath of the Lehman Brothers crisis. Ireland took that a step further when it guaranteed all of its banks’ deposits and liabilities. This was affordable, the Irish government said at the time.

Why big government is bad government

July 10, 2009

jill-kirby-Jill Kirby is author of “The Reality Gap” and director of the Centre for Policy Studies. The opinions expressed are her own. -

“Green growth” strategy viable for African economy

June 12, 2009

michael_keating -Michael Keating is director of the Africa Progress Panel. The opinions expressed are his own.-