A controlled unwinding of the euro might offer material economic benefits to many members of the Eurozone.
Italy Versus Germany: The Real Story
The saga of a dynamic Germany and a sclerotic Italy does not reflect the historical record.
Will Italy Spell the End of the Euro?
France and Germany will be very flexible in their response to Italian demands, irrespective of the official rhetoric from Berlin and Paris.
How the World Bank Mismanaged the Reconstruction of Afghanistan
Vast inflows of donor cash, intended to bring about reconstruction, may instead have added significantly to Afghanistan’s corruption problems.
Malaysia: Democracy Won, But Will Justice Prevail?
The outgoing prime minister Najib Razak is already plotting right now to divide his opponents — and thereby escape justice.
Playing US Sanctions: China Walks a Fine Line in Iran
The Chinese experience in circumventing earlier sanctions will come in handy with Beijing rejecting Trump’s renewed effort to isolate Iran.
US: No Positive-Sum Trade and Economic Strategy
The Trump administration places too much emphasis on reducing the trade deficit — and not enough on investing in future U.S. competitiveness.
Is Economic Autarky Russia’s Only Option?
Even Chinese entities, if they themselves plan to do business or raise money in the United States, will avoid doing business with Russian entities.
The IMF Wakes Up to Fight Graft
The IMF finally realizes that assigning priority to anti-corruption is not a choice but a necessity. It is now deemed a “macro-critical” issue.
























