Jacob Kirkegaard News
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The International Monetary Fund’s Christine Lagarde used the word “challenging” to describe the Cyprus rescue to which she pledged $1.3 billion. She might say the same about where the IMF stands with the U.S. Congress.
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The devil lies in the detail of Cyprus’s salvation.
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Automatic cuts set to take effect today will pinch U.S. government functions as the country enters a more austere era that could push discretionary spending as a share of the economy to its lowest level in at least 50 years.
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Greece will probably default this year on European governments’ holdings of its sovereign debt, according to Jacob Kirkegaard of the Peterson Institute for International Economics.
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Charles Wyplosz is betting Greece isn’t “unique.”
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When the housing bubble burst in 2006, U.S. policy makers looked to Japan for clues about what to do -- and not do -- in response. Now their attention is shifting to Europe as America gets set to follow that region with a concerted attack on its budget deficit.
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President Barack Obama’s path to re- election may pass through Berlin and Paris.
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As Mexico gears up to host finance officials from the Group of 20 biggest economies a number of key absences threaten to turn the gathering into a non-event.
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Danish voters are ready for a change of government one year after electing Helle Thorning-Schmidt as the first Social Democratic prime minister in a decade.
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U.S., Chinese and Japanese officials say they will press euro-area countries to do more to merit outside help when the world’s largest economies gather tomorrow for a meeting dominated by Europe’s sovereign-debt woes.
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