Articles

Good Start

For a taste of how Thailand is coping during these recessionary times, step inside the IMF Kitchen. Dechatorn Henchaichone, an idle construction contractor (no...

Portugal Avoids a Bailout — but for How Long?

After a lull over the Christmas and New Year period, the euro zone is back to where it was for much of 2010: buffeted by markets and staggering from one crisis...

The Blame-China Game.

With economic activity in the U.S. flatlining and the creditworthiness of European nations still at issue, you'd expect that the annual meeting of the...

Greece's Painful Road to Economic Recovery

This story has been updated. It's hard to be an optimist in Greece these days, but Prime Minister George Papandreou is trying. In a major speech on Saturday in...

The Euro Hero: Dominique Strauss-Kahn

Discussions on Chinese economic relations are hardly a magnet for paparazzi — unless, of course, they include a star speaker. So when France's Finance Ministry...

Greece's Rescue Package: Will the Bailout Work?

When Greek Prime Minister George Papandreou succumbed to the inevitable last week, calling on the International Monetary Fund (IMF) and the euro zone to activate...

Greece Asks for a Bailout, but at What Cost?

Speaking from the picturesque island of Kastelorizo on Friday, April 23, Greek Prime Minister George Papandreou called on his European Union partners and the...

Can the Crisis in Greece Be Contained?

The words scrawled in green and black spray paint on the sidewalk outside Greece's parliament summed up the mood: "George get out. Out IMF and U.S. and E.U." A...

Risk Inverse.

The unfolding drama of the Greek economy has roiled markets and awakened fears of global economic calamity that had been dormant for more than a year. The $1...

Will Violent Protests Imperil Reform in Greece?

These were the images Greece's government had hoped to avoid: masked protesters hurling Molotov cocktails, cars and buildings aflame, and tens of thousands of...

Ragin' Contagion.

My first lesson in the power of contagion happened in 1997, when I was based in Seoul. The Asian financial crisis had started midyear in Southeast Asia--first in...

Despite Bailout, Greeks See Tough Road Ahead

History has taught Greeks to be skeptical of promises of rescue by foreign powers, and the trail of failed plans to help Greece deal with its mountain of debt...

What Will It Take to Save Greece?

Little, it seems, will convince the markets that Greece is a safe bet. Investors have been jostling the country since the start of the year, raising the cost of...

Greek Bailout: Savior for Euro or Temporary Fix?

Markets can be savage and unpredictable, but they appeared satisfied Monday, April 12, after European leaders finally agreed to throw a financial-rescue line...