Reuters details the austerity measures adopted by European governments in efforts to stave off the spread of the Greek debt crisis.

Sebastian Mallaby, director of the Maurice R. Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations and the author of More Money than God, discusses his book and the role of hedge funds in the financial system.

Sebastian Mallaby, director of the Maurice R. Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations and the author of More Money than God, discusses his book and the role of hedge funds in the financial system.

Amity Shlaes argues that the discovery of $1 trillion in natural resources in Afghanistan might actually escalate the conflict.

Correspondent Kira Kay reports on a Canadian hunt for "rare earth" minerals, elements mined almost exclusively in China, that are key to emerging green technologies, cell phones, engines and other high-tech devices despite their short supply.

Benn Steil's June column in Dow Jones' Financial News, co-authored with Paul Swartz, shows how mass Russian and Chinese selling of Fannie and Freddie debt in 2008 severely exacerbated the financial crisis.  Contrary to the arguments of Fed Chairman Ben Bernanke and others, they show that there are very real dangers inherent in America's outsized reliance on foreign government financing.

The dollar's status as the world's reserve currency has become a facet of U.S. power, allowing the United States to borrow effortlessly and sustain an assertive foreign policy. But the capital inflows associated with the dollar's reserve-currency status have created a vulnerability, too, opening the door to a foreign sell-off of U.S. securities that could drive up U.S. interest rates. In this Center for Geoeconomic Studies Capital Flows Quarterly, Francis E. Warnock argues that a sell-off came close to happening in 2009. How the United States uses this reprieve will affect the nation's ability to borrow for years to come, with broad implications for the sustainability of an active U.S. foreign policy.

Uncertainties about eurozone debt and U.S. unemployment have lowered market confidence in the global economic recovery, say experts from JPMorgan, Barclays, and Bank of America in this update.

Experts analyze the global economy including European debt and international economic recovery.

Eurozone debt concerns have led to soaring lending rates, which in turn helped roil markets concerned about the EU's ability to overcome its crisis.

A panel of experts discuss how various international institutions such as the G20, IMF, and World Bank are playing a role in today's system of global economic governance.

This session is part of a Council on Foreign Relations symposium on Rising Powers and Global Institutions in the Twenty-First Century and was made possible through generous support from the Robina Foundation.

A panel of experts discuss how various international institutions such as the G20, IMF, and World Bank are playing a role in today's system of global economic governance.

This session is part of a Council on Foreign Relations symposium on Rising Powers and Global Institutions in the Twenty-First Century and was made possible through generous support from the Robina Foundation.

Martin Wolf reviews Gordon Brown's economic legacy. Brown's underlying mistake was to put too much trust in the orthodoxies of contemporary economists and financiers.

Saving the European Union requires a plan to allow fiscally weak member countries to fail, as well as painful lifestyle changes and some loss of national sovereignty, says the Centre for European Policy Studies' Daniel Gros.

Citigroup's Chief Economist Willem Buiter discusses the future of sovereign debt in the wake of the crisis in Greece.

Citigroup's Chief Economist Willem Buiter discusses the future of sovereign debt in the wake of the crisis in Greece.

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