Macri’s willingness to implement necessary economic reforms will allow him to reposition Argentina more competitively in the global economy.
Just prior to the inauguration, The Brookings Institution released a briefing book, “Big Bets and Black Swans,” examining the key foreign policy challenges President Obama faces as he begins his second term. The section on the Eurozone, written by Justin Vaiesse and Thomas Wright — identifies a potential euro failure as a “black swan” — […]
Amidst all that is happening in the Arab world (escalating violence in Syria, and nuclear brinkmanship by Iran) and the never-ending (epic) saga of the Greek sovereign debt crisis, comes the delayed EU-China summit in Beijing this week (February 14, 2012). Held on Valentine’s Day, it was full of promises for mutual love, respect and […]
Last year we saw developments in the EU-China trade relationship that can signify a greater convergence between these two trading partners. The global financial crisis that led to temporary drop in western demand for Chinese goods during 2009 was followed by an aggressive investment strategy by China in 2010, acquiring a number of businesses in […]
In an effort to stem the deepening collapse from the Greece Sovereign Debt crisis, finance ministers from the European Union agreed on a deal that would provide $560 billion in new loans and $76 billion under an existing lending program. Elena Salgado, the Spanish finance minister, who announced the deal, also said the International Monetary Fund was prepared to give up to $321 billion separately.
Today’s precipitous sell-off in US Markets – the most volatile single day of trading in Wall Street history – my most recent read, After the Fall: Saving Capitalism From Wall Street & Washington, by Nicole Gelinas of the Manhattan Institute, is suddenly very relevant. Her premise is that robust financial markets support capitalism, they don’t imperil it.
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