Peter Orszag explains that, when U.S. officials adopt policies carefully designed to produce future federal deficit reductions, most of those reductions do eventually happen.

Martin Wolf argues that the Cameron government's reluctance to take advantage of extraordinarily cheap borrowing costs risks permanent damage to the British economy and society.

Peter Orszag discusses trends in U.S. jobs data that show large businesses are expanding their workforces at a more rapid clip than small businesses.

Willem H. Buiter, chief economist for Citigroup, discusses the financial crises affecting the Euro zone.

This meeting was part of the C. Peter McColough series on International Economics.

Willem H. Buiter, chief economist for Citigroup, discusses the financial crises affecting the Euro zone.

This meeting was part of the C. Peter McColough series on International Economics.

Willem Buiter discussed the current and future challenges of the Eurozone, including the sovereign solvency crisis and the possible restructuring of current sovereigns, Spain's current debt situation, the role of the European Central Bank, and the possible exit of Greeze from the Eurozone.

Provides background information and research links on Europe and U.S. policy towards Europe, including sections on news, government, data, history, and resources on the European financial situation.

Greece's political turmoil is spreading fresh economic uncertainty. But it is wrong to assume an automatic exit from the euro or further sovereign debt contagion, says expert Iain Begg.

Michael W. Hodin argues, "If aging populations can break out of traditional roles of dependency to contribute to social and economic life, societies can find the magical balance of growth and what is now called austerity."

As Europe emerges from economic crisis, a larger challenge remains: finally turning the eurozone into an optimal currency area, with economies similar enough to sustain a single monetary policy.

The West's recent growth was dependent on borrowing. Going even further into debt now won't help; instead, countries need to address the underlying flaws in their economies.

New electoral currents in Europe are threatening the German-backed fiscal responsibility pact and sparking fresh fears of debt contagion, says CFR's Sebastian Mallaby.

Martin Wolf argues that François Hollande can put the eurozone back on a path to prosperity by shifting German leaders' focus away from austerity and toward reforms coupled with symmetric adjustment of the monetary union's internal imbalances.

Peter Orszag discusses the strengthening link between high incomes and macroeconomic activity.

New questions over the wisdom of unfettered budget cuts are shifting the emphasis of eurozone crisis responses from austerity to growth, says economist Thomas Philippon.

Martin Wolf surveys the future of central banking in a world transformed both practically and theoretically by the financial crisis.

Daniel K. Tarullo, member of the Federal Reserve Board of Governors, reviews the vulnerabilities in the financial system that contributed to the crisis and compelled regulatory response, outlines key reforms adopted to date, and identifies the important regulatory tasks that remain.

Daniel K. Tarullo, member of the Federal Reserve Board of Governors, reviews the vulnerabilities in the financial system that contributed to the crisis and compelled regulatory response, outlines key reforms adopted to date, and identifies the important regulatory tasks that remain.

The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.

Daniel K. Tarullo, member of the Federal Reserve Board of Governors, reviews the vulnerabilities in the financial system that contributed to the crisis and compelled regulatory response, outlines key reforms adopted to date, and identifies the important regulatory tasks that remain.

The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.

Michael W. Hodin says the most recent crisis in the Netherlands may actualy be an opportunity for the Dutch to provide an economic model for nations to follow, where an aging population is the solution for economic growth.