The Eurozone Fights for Survival – Part II Lenders are in the habit of putting profits over borrowers' interests. Many players in the financial markets – the credit markets, banks, economists and analysts – took little notice as small eurozone economies like Greece amassed huge debts based on fiscal records of strong partners like Germany. Massive lending led to crisis, and an abrupt halt, hiking interest rates, aggravated the difficulties. Pinpointing responsibility for the crisis could avoid repeating such patterns in the future – in Europe, the US or elsewhere. In part two of this YaleGlobal series, researcher Joergen Oerstroem Moeller explores Europe's ongoing attempts to restore fiscal order and preserve the eurozone.... More News... The Global Era and the End of Foreign Policy Philip Zelikow The Financial Times, 18 August 2011 New foreign-policy thinking must tackle domestic policies The Problem With Fair Trade Coffee Colleen Haight Stanford Social Innovation Review, 17 August 2011 Consumers demand sustainability and quality The World Consequences of US Decline Immanuel Wallerstein Fernand Braudel Center for the Study of Economies, 16 August 2011 Volatility and uncertainty threaten the globe Let Down by Politics Nayan Chanda Businessworld, 15 August 2011 Politicians, more interested in vacationing than ending budget woes, unnerve markets |
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