Financial Crises

Analysis Brief

Italy and the Future of the Eurozone

Author: Christopher Alessi

New Prime Minister Mario Monti faces the daunting task of reining in Italy's high public debt. Analysts say he will have to tackle fiscal irresponsibility to rebuild market confidence and prevent the eurozone's third largest economy from defaulting.

See more in Italy; Financial Crises; EU

Analysis Brief

Italian Debt Clouds over Europe

Author: Christopher Alessi

Despite a pledge by Prime Minister Silvio Berlusconi to resign, Italy faces pressure to address its sovereign debt burden by quickly implementing austerity measures or risk a new magnitude of eurozone contagion.

See more in Italy; Financial Crises

Analysis Brief

Resolving the Eurozone Crisis

Author: Christopher Alessi

EU leaders have agreed to significant moves to address the eurozone sovereign debt crisis that has roiled global markets. But analysts and investors are skeptical of the plan's long-term prospects.

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Analysis Brief

Eurozone Rescue's Moment of Truth

Author: Christopher Alessi

Political divisions continue to hamper a comprehensive solution to the eurozone sovereign debt crisis. EU leaders are caught between market forces urging greater European fiscal integration and strong nationalist sentiments warning against a loss of political sovereignty.

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Analysis Brief

The G20's Eurozone Problem

Author: Christopher Alessi

G20 finance ministers are pressing their EU counterparts to provide a comprehensive plan for stabilizing the eurozone and easing fears of contagion. They have signaled that, for now, the onus is on Europe to fix its debt problems.

See more in Europe; Financial Crises

Analysis Brief

Managing a Greek Default

Author: Christopher Alessi

Despite a German parliamentary vote to boost the eurozone's bailout mechanism, Greek sovereign debt levels appear unsustainable and a default may be inevitable. Most economists think the question now is how to make the process orderly.

See more in Greece; Financial Crises

Analysis Brief

The Gathering Eurozone Storm

Author: Christopher Alessi

Investors and financial markets are growing convinced that Greece will default on its debt, heightening fears of a eurozone banking crisis that would have significant ramifications for an already fragile global economy.

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Analysis Brief

Return of the Eurozone Crisis

Author: Christopher Alessi

Sharp new fears of an escalation in eurozone debt troubles have intensified debate over whether to spur fiscal integration or risk a wider crisis with serious consequences for U.S. financial markets, experts say.

See more in Europe; Financial Crises