The Great Debate

Greece made the wrong choice

July 17, 2015
Greek Finance Minister Euclid Tsakalotos attends a parliamentary session in Athens

Greek Finance Minister Euclid Tsakalotos attends a parliamentary session in Athens, Greece, July 15, 2015. REUTERS/Christian Hartmann

Before Greece becomes a failed state, here’s how to stop the slide

July 7, 2015
A pensioner waits outside a branch of the National Bank to receive part of his pension in Athens

A pensioner waits outside a branch of the National Bank to receive part of his pension in Athens, Greece, July 7, 2015. REUTERS/Yannis Behrakis

from Breakingviews:

Hugo Dixon: How Greece can cut a goodish deal

June 4, 2015

The author is a Reuters Breakingviews contributor. The opinions expressed are his own.

from Breakingviews:

Rob Cox: Race to bottom of global subprime begins

By Rob Cox
April 7, 2015


U.S. Senator Paul announces candidacy for president during an event in Louisville

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

from Breakingviews:

What Lagarde should’ve told Smith College’s grads

May 14, 2014

By Christopher Swann and Rob Cox
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

An unstable global economic system that is being ignored

October 8, 2013

Today, the International Monetary Fund announced yet another a reduction in its global growth projections for 2014, with its estimate of U.S. growth also reduced (citing reduced government spending, but not the present U.S. government shutdown — or the heretofore unthinkable notion of the U.S. government defaulting on its obligations). Despite the seeming urgency of global economic slowdown, when world leaders attended their annual fall confabulation at the United Nations in New York last month, they focused on the diplomacy of physical security (Syria, Iran, etc.). Thus another year has passed in which global economic security issues were on no one’s reported agenda.

Stubborn national politics drag down the global economy

January 18, 2013

Four years ago world leaders, meeting in the G20 crisis session, agreed they would all work to move from recession to growth and prosperity.  They agreed to a global growth compact to be delivered by combining national growth targets with coordinated global interventions. It didn’t happen. After the $1 trillion stimulus of 2009, fiscal consolidation became the established order of the day, and so year after year millions have continued to endure unemployment and lower living standards.

A good deal for Greece, its creditors, and Europe

March 1, 2012

Amid all the doom and gloom about Greece in the last few weeks, it is easy to overlook an important piece of good news: the debt exchange offer published by Greece on Friday with endorsement by its main private and official creditors. If implemented, this would be a major achievement and an important step toward overcoming the euro zone crisis, almost regardless of what happens next.

from Lawrence Summers:

It’s time for the IMF to step up in Europe

December 8, 2011

By Lawrence Summers
The opinions expressed are his own.

European leaders will meet today for yet another “historic” summit at which the fate of Europe is said to hang in the balance. Yet it is clear that this will not be the last convened to deal with the financial crisis.

How Lagarde should be appointed at the IMF

May 20, 2011

By Mohamed El-Erian
The opinions expressed are his own.

Eager to retain a historical but outmoded entitlement, European politicians seem to be coalescing around Christine Lagarde to replace Dominique Strauss-Kahn as Managing Director of the IMF. Lagarde has the qualifications to successfully lead a multilateral institution that is central to the well being of the global economy. Her ability to do so, however, may critically depend on how she is appointed.