Articles

Europe’s False Recovery

When is a recovery not a recovery? When it comes in the euro zone. On Wednesday, Europe officially vaulted out of its longest recession since the creation of...

How Germany can Save the Euro

If Germans insist on austerity elsewhere in Europe, they must spend more at home or risk losing the common currency they need more than anyone else.

Is the E.U. Nearing a Landmark Banking Deal?

European Union finance ministers announced unexpected advances towards a banking union designed to prevent the excesses that transformed Europe's sovereign debt...

Why the Euro Crisis Is Nowhere Near Being Over

It’s astonishing, but everyone is behaving as though the euro crisis were over. Long-term bond yields are bellwethers of investor confidence. And over the past...

‘Super Mario’ Rides to the Euro’s Rescue

Over the summer, Mario Draghi, the governor of the European Central Bank, told the world that he would do “whatever it takes” to save the euro. On Thursday, what...

The Big New Idea for Saving the Euro

The dramatic promise made on July 26 by Mario Draghi, the president of the European Central Bank, that he would do “whatever it takes” to save the euro, calmed...

Is a Greek Exit from the Euro Inevitable?

For two-and-a-half years, the world has been watching and waiting to see if debt-laden Greece could remain in the euro zone. Many have been doubtful since the...