Financial Crises

Backgrounder

The Eurozone in Crisis

Author: Christopher Alessi

The eurozone, once seen as a crowning achievement in the decades-long path of European integration, is buffeted by a sovereign debt crisis of nations whose membership in the currency union has been poorly policed.

See more in EU, Financial Crises, Geoeconomics

Backgrounder Authors: Christopher Alessi and Roya Wolverson

U.S.-based rating agencies--still reeling from a loss of credibility for being too lenient with risky financial institutions in the run-up to the global financial crisis--are once again under intense scrutiny following S&P's unprecedented downgrade of U.S. debt. The move comes on the heels of intense criticism by EU officials, who contend the raters have accelerated the European sovereign debt crisis.

See more in United States, Financial Crises

Backgrounder

G-20 Policy Priorities

Author: Lee Hudson Teslik

April's G-20 summit has been billed as a forum for producing a "global New Deal." Experts say policymakers should focus on stopping financial turmoil before tackling long-term regulatory reforms.

See more in Financial Crises