Authors: Benn Steil and Dinah Walker Forbes Online
Benn Steil's latest Forbes op-ed, co-authored with Dinah Walker, shows why Greece may turn out to be a deciding factor in the German elections. While it is widely believed that a fresh mandate for Chancellor Merkel means more robust German involvement to end the eurozone crisis, they show why the loss of her FDP coalition partner could mean the opposite.
George Papandreou interviewed by Christopher Alessi
The EU and IMF should loosen the austerity requirements of Greece's bailout package to allow the indebted country to implement needed growth-enhancing policies, says former prime minister George Papandreou.
Willem Buiter discussed the current and future challenges of the Eurozone, including the sovereign solvency crisis and the possible restructuring of current sovereigns, Spain's current debt situation, the role of the European Central Bank, and the possible exit of Greeze from the Eurozone.
Michael W. Hodin argues, "If aging populations can break out of traditional roles of dependency to contribute to social and economic life, societies can find the magical balance of growth and what is now called austerity."
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.
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.
Policymakers and market actors are increasingly concerned about a disorderly Greek default, while many analysts question the wisdom of Germany's strict austerity approach to the escalating eurozone sovereign debt crisis.
New Prime Minister Lucas Papademos faces daunting challenges to rescue Greece's economy. A fiscal collapse, analysts say, will also raise questions over the eurozone's ability to manage debt crises in other struggling European economies.
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The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
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