Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that with sovereign debt woes in Greece and Ukraine testing markets and governments, now might be the time for policymakers to rethink the architecture for resolving debt crises.
Greece’s new political leadership is set to challenge the German-led austerity policies in Europe, which could spur the rise of more anti-establishment movements across the continent, says political risk analyst Ian Bremmer.
Just a few years ago, Greece came perilously close to defaulting on its debts and exiting the eurozone. Today, thanks to the largest sovereign bailout in history, the country’s economy is showing new signs of life.
"Greece's reform job is not even half finished. The government hasn't done enough to root out the vested interests that strangle the economy. Nor has it cracked down fully on tax evasion or pushed hard enough to privatise state-owned properties."
"The International Monetary Fund proceeded with its record 2010 bailout of Greece despite deep internal divisions over whether it would work, according to confidential documents that contradict the fund's public statements."
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.
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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.
Koblentz argues that the United States should work with other nuclear-armed states to manage threats to nuclear stability in the near term and establish processes for multilateral arms control efforts over the longer term.
The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
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