Spanish bailout blues

June 10, 2012

100 billion used to be a big number. These days, it barely buys you a little time.

Modest U.S. growth prospects riddled with risks: bank economists

June 8, 2012

Despite all the flashing yellow signs in the global economy, banking sector forecasters are sticking – if a bit uneasily – to their modestly optimistic outlook. Still, a group of economists from the American Bankers Association, a banking lobby that presented its latest economic projections to Federal Reserve officials this week, highlighted plenty of risks. Chief among them were financial contagion from Europe and sharp fiscal adjustments in the United States.

Channels of contagion: How the European crisis is hurting Latin America

June 8, 2012

If anything positive can be said to have come out of the global financial crisis of 2008-2009, it may be that the theory arguing major economies could “decouple” from one another in times of stress was roundly disproved. Now that Europe is the world’s troublesome epicenter, economists are already on the lookout for how ructions there will reverberate elsewhere.

Eurobond or bust

May 29, 2012

Many market analysts consider a deeper fiscal union the only way to hold together a troubled euro zone. And while Germany continues to loudly reaffirm its long-standing opposition to shared euro zone bonds, the region is in many ways already headed towards implicit mutual responsibility for national debts. Berlin will likely come under increasing pressure to succumb, especially now that “core” European countries are entering the crosshairs of speculators .

Euro zone may struggle with its own Lost Decade

May 24, 2012

Additional Reporting by Andy Bruce and polling by Rahul Karunakar and Sumanta Dey.

Manifest currency? U.S. dollar’s global dominance not set in stone

May 23, 2012

Incumbency, it is often said, confers many advantages.

Sitting U.S. presidents certainly have reaped its benefits – in the past 80 years, only three have been unseated.

Risk of contagion if Greece exits euro: WestLB

May 11, 2012

What happens if Greece leaves the euro? No one can say for sure. But John Davies at WestLB, finds it difficult to envision a benign outcome.

NYC Mayor Bloomberg: Highly-indebted U.S. could go the way of Europe

May 4, 2012

New York City Mayor Michael Bloomberg slammed the federal government for following the same fiscal path that has cost European governments so dearly, perhaps offering Democratic President Barack Obama and Republican challenger Mitt Romney hints about what policies he would like to see from them to win his endorsement as a moderate independent. Bloomberg’s seal of approval carries added weight because he is a billionaire businessman with close ties to Wall Street, a source of donations as well as a powerful force in the economy.

“There are human beings involved” in austerity debate

May 3, 2012

The inventors of democracy and its greatest 18th century champions both go to the polls this weekend. Greek and French voters will try to elect governments they hope will help release their economies from the grips of the euro zone debt crisis.

Europe in recession – an interactive map

April 30, 2012

Spain has become the latest European country to slip into recession joining the Belgium, Cyprus, The Czech Republic, Denmark, Greece, Italy, The Netherlands, Ireland, Portugal, Slovenia and the United Kingdom.