Financial Crises

Expert Brief

No Great Firewall Will Save Europe

Author: Steven Dunaway

Talk among major economies is intensifying over a "financial firewall" to contain the eurozone crisis. But CFR's Steven Dunaway says the emphasis should be on pressing debt-saddled states to make reforms that will improve their growth prospects.

See more in Financial Crises; Europe

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.

See more in Financial Crises; Greece

Must Read

Brookings: Election Doesn't Mean Wasted Fiscal Year

Authors: Pete V. Domenici and Alice M. Rivlin

Election year doesn't have to be a wasted year on the fiscal front, say Pete V. Domenici, Co-Chair of the Bipartisan Policy Center's Debt Reduction Task Force and Alice M. Rivlin, Senior Fellow for Economic Studies at the Brookings Institution, emphasizing the need to slow down the growth of major entitlements and raise additional revenue from an efficient tax system.

See more in Elections; Financial Crises; United States