Topic: Peter G. Peterson Institute for International Economics

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Europe's debt crisis: 5 ways it's been put to good use

Europe’s debt crisis has roiled financial markets and populations. But beyond nationwide strikes and gyrating markets, Europe has put its crisis to good use. Here Jacob Funk Kirkegaard, a research fellow at the Peter G. Peterson Institute for International Economics points out five trends that will ultimately strengthen the European Union and the euro currency.
The eurozone crisis explained in 5 simple graphs

Governments have collapsed and bailouts have run into the hundreds of billions of euros, and still the eurozone crisis builds. How did we get here?
European debt crisis: Seven basics you need to know

Will this crisis ever be over?! Eurozone nations seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort. Here's what you need to know about the problem and possible ways forward.
Eight ways $100 oil may affect you

Here are eight ways that higher energy prices are starting to affect America.
Sanction Qaddafi? How 5 nations have reacted to sanctions.

Libyan leader Muammar Qaddafi is earning widespread condemnation for his brutal tactics against a populist uprising. As the international community wrestles with how best to show their disapproval, one suggested option is imposing sanctions – a step French President Nicolas Sarkozy urged the European Union to take. But their effectiveness is hotly contested. Here’s a look at how useful sanctions have been in changing the behavior of other nations.

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G8 summit: Euro crisis and possible 'Grexit' overshadow agenda

The G8 leaders hosted by Obama at Camp David have several global issues on their minds: Syria, nuclear proliferation, famine. But the eurozone debt crisis is once again the dominant concern.
Obama proposes bringing jobs home from overseas. Would his plan work?

To achieve his goal of 'insourcing,' Obama proposes rewarding firms that create jobs in the US while imposing higher effective taxes on profits earned by overseas operations.
Europe's debt crisis: 5 ways it's been put to good use

Europe’s debt crisis has roiled financial markets and populations. But beyond nationwide strikes and gyrating markets, Europe has put its crisis to good use. Here Jacob Funk Kirkegaard, a research fellow at the Peter G. Peterson Institute for International Economics points out five trends that will ultimately strengthen the European Union and the euro currency.
How WTO membership made China the workshop of the world

China's entry into the World Trade Organization (WTO) a decade ago primed it for high-speed growth. Other countries have seen benefits as well – but say China has also become adept at getting around the rules.
The eurozone crisis explained in 5 simple graphs

Governments have collapsed and bailouts have run into the hundreds of billions of euros, and still the eurozone crisis builds. How did we get here?
Tax the rich: Should millionaires really pay more?

The fight over raising levies on the wealthy, a theme of the 'Occupy Wall Street' protests, is about more than money. It's a clash over fundamental American values.
European debt crisis: Seven basics you need to know

Will this crisis ever be over?! Eurozone nations seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort. Here's what you need to know about the problem and possible ways forward.
What will Obama say about jobs? The pre-speech maneuvering begins.

In the run-up to his much-anticipated jobs speech Thursday, Obama challenged the GOP to put 'country before party.' The Republican response: 'Your economic proposals don't work.'
Next for Greece: buying enough time to pay off debts

Greece's parliament approved an austerity package today. But if there's no agreement on restructuring debt payments, tensions are likely to rise anew in the fall.
Why Greece will likely pass austerity measures, despite protests

Greece is reluctant to pass wildly unpopular austerity measures that have brought thousands of angry protesters to the streets, but it has little choice.
Why Estonia may be Europe's model country

The world's first cyberstate embraced austerity without whining even though its Soviet-era memories are still fresh.
Eight ways $100 oil may affect you

Here are eight ways that higher energy prices are starting to affect America.
Sanction Qaddafi? How 5 nations have reacted to sanctions.

Libyan leader Muammar Qaddafi is earning widespread condemnation for his brutal tactics against a populist uprising. As the international community wrestles with how best to show their disapproval, one suggested option is imposing sanctions – a step French President Nicolas Sarkozy urged the European Union to take. But their effectiveness is hotly contested. Here’s a look at how useful sanctions have been in changing the behavior of other nations.
This jobless recovery could be the worst yet

Shifting attitudes towards employees may make this recovery the weakest in 30 years for job creation.
American jobs vs. China's currency: Is the yuan too high?

The value of China's currency, the yuan, is one of the most hotly contested issues in US-China relations. The US says a high yuan is costing American jobs. But it also keeps consumer items, like TVs and computers, inexpensive. Will China soon adjust the value of its currency?
The New Economy
Euro zone includes IMF in backup bailout for Greece debt

In Brussels, the 16 eurozone nations agree to include the IMF in a backup bailout for Greece debt.
G20 as world's top economic body? Doubts abound.

An expansive governing role for the G20, discussed Thursday by Britain's Gordon Brown, isn't passing the sniff test for many economists.
ECONOMIC SCENE: China's investments pose a new global challenge

Within the next decade, China will become the world’s largest equities market.
Farmers take to streets as Doha trade talks start in India

More than 10,000 protested the potential lowering of barriers to agricultural trade that would put them in competition with mechanized foreign operations.
ECONOMIC SCENE: Sanctions on Iran and Israel could defuse Middle East

For centuries, nations have resorted to economic sanctions when diplomacy has failed.
Obama's new tune on trade

Candidate Obama opposed new free-trade agreements and wanted to renegotiate NAFTA. A global slump has changed his mind.
New sanctions on North Korea: Will China enforce them?

Even if China doesn't follow through on its vote for economic sanctions, the UN resolution approved Friday may let other countries tighten the screws.
ECONOMIC SCENE: Can the US manage China’s economic comeback?

The giant’s revival will help cushion the blow of falling global output. But the Obama administration will need to take care in its dealings.
Is a bad economy good for the environment?

A recession may be a cruel remedy for environmental degradation. But some experts say the earth welcomes the breathing room.
Consumers' gloom subsides, but enough to lift the economy?

Shoppers' confidence is higher so far this month. Other data deliver a mixed message as to whether the economy has hit bottom yet.