From afar, it seems like the wheels of European policy may be moving towards some kind of near-term fix for either Italy’s banks—or, more likely, for the specific problems of Monte dei Paschi di Sien…

This post is co-authored by Sagatom Saha, research associate for energy and foreign policy at the Council on Foreign Relations. Read the report from a recent CFR workshop on oil price volatility. The…

China is running a persistent current account surplus, one that could be larger than officially reported (the huge tourism deficit looks a bit suspicious). If China paid off all its external debt,…

The Basel Committee on Banking Supervision found weaknesses in implementations of Basel III (Bloomberg). Its report to the G20 leaders—who will meet next week in Mexico—described weaknesses in implem…