Financial Crises

Analysis Brief

Rescue or Risk for Greece?

Author: Christopher Alessi

Greece appears to have averted imminent default, but its recovery prospects remain clouded by the severity of its planned austerity measures and the impact cutbacks have already had on its stricken economy.

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Analysis Brief

Does the Greek Deal Go Far Enough?

Author: Christopher Alessi

Even as Greek leaders agree to new austerity measures, the IMF is calling on Greece's official creditors to take losses on its bond holdings. Analysts and policymakers increasingly question the wisdom of EU-mandated austerity measures at the expense of growth.

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Analysis Brief

Eurozone Fears Permeate Davos

Author: Christopher Alessi

Political and business leaders at the World Economic Forum in Davos are focused on the ongoing eurozone sovereign debt crisis, with some cautioning that Germany is not doing enough to resolve the crisis and facilitate growth.

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Analysis Brief

Eurozone Doubts for Banks

Author: Christopher Alessi

Another eurozone mini-summit is underway today but investors continue to doubt EU leaders' ability to address the sovereign debt crisis, even as banks face a liquidity crunch.

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Analysis Brief

A New Fiscal Union for Europe

Author: Christopher Alessi

At a Brussels summit, EU leaders agreed to develop a new fiscal union in an effort to preserve the indebted eurozone. Analysts say Britain's decision to opt out of the plan could dramatically reshape the path of European integration.

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