Eurozone finance ministers gave this statement on March 25, 2013, upon reaching a deal to provide ten billion euros to prevent bankruptcy in the Cyprus's banking system.

Willem H. Buiter, chief economist at Citigroup, discusses break-up risk, sovereign debt restructuring, bank creditor bail-ins, debt mutualization, austerity, and growth in the Eurozone.

Willem H. Buiter, chief economist at Citigroup, discusses break-up risk, sovereign debt restructuring, bank creditor bail-ins, debt mutualization, austerity, and growth in the eurozone.

Willem H. Buiter, chief economist at Citigroup, discusses break-up risk, sovereign debt restructuring, bank creditor bail-ins, debt mutualization, austerity, and growth in the eurozone.

Isobel Coleman writes that while it is widely recognized that food and fuel subsidies in Egypt are expensive and inefficient, Egyptian leaders do not want to touch the political third rail of subsidy reform. But they also realize that the country's fiscal situation is untenable without it. Sooner or later, serious subsidy reform is inevitable, and a well-planned process is preferable to the alternative.

Joshua Kurlantzick explores why the "Beijing Consensus" has attracted so many admirers in recent years in this excerpt from his new book Democracy in Retreat.

Iranian Supreme Leader Ayatollah Khamenei gave his annual message on the occasion of the Persian New Year, or Norouz, on March 20, 2013. He calls this "The Year of Political and Economic Valor" and encourages Iranians to buy products made in Iran because of current economic sanctions.

The EU and IMF should loosen the austerity requirements of Greece's bailout package to allow the indebted country to implement needed growth-enhancing policies, says former prime minister George Papandreou.

Blake Clayton, Geoff Dabelko, and Greg Stone discuss natural capital accounting and valuing ecosystem services as key components in promoting sustainable natural resource management, while noting the role of technology in overcoming perceived natural resource scarcity. This meeting is part of the Global Resources, the U.S. Economy, and National Security symposium, sponsored by the Council on Foreign Relations and Conservation International.

Blake Clayton, Geoff Dabelko, and Greg Stone discuss natural capital accounting and valuing ecosystem services as key components in promoting sustainable natural resource management, while noting the role of technology in overcoming perceived natural resource scarcity. This meeting is part of the Global Resources, the U.S. Economy, and National Security symposium, sponsored by the Council on Foreign Relations and Conservation International.

Michael Spence examines what options the Italian government has for restoring economic growth as eurozone efforts at stabilization the banking sector and sovereign-debt markets founder.

Once fear reaches a critical mass, people will act, and then a bank run becomes a self-perpetuating process. There has been a lot of complacency about the eurozone crisis in the past eight months.

Mexico is poised to take on a few of the country's biggest monopolies and moguls by enacting new legislation. But the nation needs to do much more, writes Shannon K. O'Neil.

Benn Steil offers a neat and innovative way for the Federal Reserve to reverse its monetary stimulus efforts as the economy recovers, without the worrisome economic and political consequences of having to sell off its massive stock of mortgage-backed securities.

Edward Alden writes that the U.S.-European Union Transatlantic Trade and Investment Partnership negotiations are "the biggest consolation prize in the history of international trade liberalization."

In looking abroad to promote economic growth, Robert Pastor argues the United States need not go further than its two closest neighbors, Canada and Mexico. Leaders of the three countries can build off of NAFTA to create a more seamless market by negotiating a common external tariff, eliminating restrictions on transportation and services, funding new continental infrastructure, and fostering a sense of community among North Americans.

The Arctic region is undergoing unprecedented and disruptive change. Its climate is changing more rapidly than anywhere else on earth. Rising temperatures are causing a retreat of sea ice and changes to seasonal length, weather patterns and ecosystems. These changes have prompted a reassessment of economic and development potential in the Arctic and are giving rise to a set of far-reaching political developments.

IBM chairman, president, and CEO Ginni Rometty discusses the use of big data and the ways in which organizations are learning to compete in a new landscape.

The UN Security Council passed this resolution including economic sanctions on North Korea on March 7, 2013, after North Korea's nuclear test on February 12, 2013. North Korea said it will end its armistice agreement with South Korea if the resolution passed.

Antitrust law, which has evolved primarily through landmark Supreme Court cases, plays an essential role in the maintenance of efficient markets and promotion of long-term U.S. economic prosperity.