The same economists who failed to predict the 2007 financial crash are still in the driving seat – and just as clueless in a crisis When did the IMF learn about the economy? That's what people around the world should be asking as the IMF presents its latest assessment of the fiscal and economic prospects for nations around the world last week. Much of the world remains mired in the worst downturn since the ...

By LOUISE STORY, LANDON THOMAS Jr. and NELSON D. SCHWARTZ February 14, 2010 Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts. As worries over Greece rattle world markets, records and interviews show that with Wall Street’s help, the nation e ...

EUI Working Paper, 2010 - "...Europe therefore needs a new political debate about how much it wants to allow markets to determine the fate of its citizens and countries". Learn more. http://cadmus.eui.eu/bitstream/handle/1814/14674/RSCAS_2010_77.pdf ...

By Jérôme E. Roos In the wake of the Greek and Irish crises last year, analysts predicted that the collapse of the eurozone might become the big story of 2011. But while our neighbors in North Africa and the Middle East have burst into full-blown revolution, all appears to be quiet on the Western front. Or does it?   Last Thursday, Moody’s downgraded Spain’s credit rating, sending shock waves through t ...

Greece and other European nations are in trouble because policy elites pushed the continent into adopting a single currency. Lately, financial news has been dominated by reports from Greece and other nations on the European periphery. And rightly so. But I've been troubled by reporting that focuses almost exclusively on European debts and deficits, conveying the impression that it's all about government pro ...