Greece and living up to euro currency responsibilities- efforts under Papadopoulos 2002, Giannitsis 2001, Manos 1998 and Tsipras's commitment in 2015 15

01/28/2013

Can Greece live up to its euro currency responsibilities, is the question raised inside the eurozone, as Greece renews its commitment to reforms to build a modern economy. A look back at politicians who emphasized euro currency responsibilities and the candid remarks by Tsipras in an intervew with Bret Stephens of the WSJ.

Linked Articles

The Politicians Who Warned Greece—but Were Ignored

Wall Street Journal 07/11/2015

Matina Stevis, Matina, Stevis

Wall Street Journal 01/28/2013

Bret Stephens, Bret, Stephens

The Swiss central bank's effort to keep Swiss Franc at 1.20 to the dollar and Japan's Abe government's push for the yen at 90 to the dollar

12/25/2012

A determined effort by the Swiss National Bank to preserve export competitiveness as eurozone economies contract in 2013, by printing francs and buying up euros and foreign assets. The effort is designed to counteract declining wages and prices in Switzerland. The newly elected Japanese prime minister Shinzo Abe supports aggressive action by Japan's central bank to keep the yen between 85 yen and 90 yen to the U.S. dollar.

Linked Articles

Global Currency Tensions Rise

Wall Street Journal 12/25/2012

Tatsuo Ito, Tatsuo, Ito, William Mallard, William, Mallard

Wall Street Journal 01/09/2013

Brian Blackstone, Brian, Blackstone, David Wessel, David, Wessel

The high turnout of evangelical Christians and Catholics as a factor in the 2012 U.S. presidential election

10/31/2012

The voter turnout among evangelical Chrisitians could be a factor in the 2012 U.S. presidential election similiar to that in 2004. Both Romney and George W. Bush gaining this vote.

Linked Articles

Henninger: Romney's Secret Voting Bloc

Wall Street Journal 10/31/2012

Daniel Henninger, Daniel, Henninger

Wall Street Journal 10/31/2012

Karl Rove, Karl, Rove

What a difference a year makes for the government bonds of Italy and Spain

10/02/2012

ECB chief, Mario Draghi made the famous statement on July 23, 2012, that he would "do whatever it takes" to bring down the yields on the government bonds of Italy and Spain. These bond yields had reached 7.5%, worsening the debt position of the two countries. A year later in August 2013 the bond yields were down, the gap with German bond yields narrowed, and the first signs of recovery in the eurozone made investment in the bonds of Italy and Spain attractive. Emerging market debt faced the opposite of what they faced in July 2013, as the currencies of India, Indonesia, Malaysia, Turkey, Brazil and other developing countries depreciated significantly. As the U.S. Federal Reserve begins its pull back from its monetary easing policy capital flows and foreign investment to to emerging markets reversed causing grief in countries which depended on these inflows to finance deficits in the current account.

Linked Articles

How ECB Chief Outflanked German Foe in Fight for Euro

Wall Street Journal 10/02/2012

Brian Blackstone, Brian, Blackstone, Marcus Walker, Marcus, Walker

Wall Street Journal 08/23/2013

Murray Coleman, Murray, Coleman

A search for the soul of China in the midst of industrial progress

09/09/2012

Linked Articles

Rebalancing a Divided China

Wall Street Journal 10/03/2012

Tom Orlik, Tom, Orlik

New York Times 09/09/2012

Gerard Lemos, Gerard, Lemos

Canada's DBRS, a little known credit ratings firm that made a large difference for the credit ratings of Italy and Spain

08/09/2012

Canada's DBRS put less weight on the political shifts in Italy and more on the low growth rate. It rated Italy A (low) in November 2013, much higher than the ratings given by Moody's and S&P. This was important in the eurozone crisis because the European Central Bank uses the highest rating on a sovereign country's bonds to decide discounts on collateral pledged by banks to the ECB. DBRS has more faith in the lasting value of the euro and sees through the ups and downs of the crisis. It takes a similiar upbeat long term view of Spain. DBRS has credibility because it did not move ratings up as much before the 2008 financial crisis, and did not move the ratings down as much during the crisis, as the large credit ratings firms.

Linked Articles

Excessive Power of Ratings

Wall Street Journal 08/09/2012

Richard Barley, Richard, Barley

Wall Street Journal 11/02/2013

Richard Barley, Richard, Barley

Spain macroprudential supervision of its banking system once lauded now turns out to be "timid" and false, could the same be true for China?

07/18/2012

Spain's central bank had a reputation of providing good supervision for Spain's banking system. The problems at the Cajas Savings banks and the current assessment after the request for $125 billion in EU funds for Spain's banks shows how this turned out to be false. Does China face a similiar problem with its housing bubble. The U.S., UK and Spain, failed to control and manage the effects of a housing bubble, can China be a lone exception? Rapid growth enabled China to cope with bad loans in the banking system, with slower growth, a weak European market for exports, and a stimulus that is about one eighth the size in annual investment- one trillion yuan over 4 years in the current stimulus compared to 4 trillion over 2009-2010 in the last stimulus plan. Can China manage this bubble, does it have the experience managing this type of problem or has it papered over the problems as Spain did? This has repercussions for industries and countries from the export sector in Germany, Australia and Brazil to industries such as the German automobile industry, and companies such as Caterpillar.

Linked Articles

As China’s economy slows, real estate bubble looms - The Washington Post

Washington Post 10/03/2012

Jia Lynn Yang, Jia, Lynn, Yang

Wall Street Journal 07/18/2012

Christopher Bjork, Christopher, Bjork, David Román, David, Román

Pathways for Europe- Angela Merkel's ability to learn and grow during the eurozone crisis

07/06/2012

Merkel possesses the rare trait in leaders to learn and grow during crises. After slow action during the early period of the eruozone crisis Merkel showed leadership as the crisis progressed. She took a lot of criticism early in the crisis and adapted her position to show flexibility and courage to point a way out.

Linked Articles

Fifty Years Later, a New Chance for Reconciliation

Wall Street Journal 07/06/2012

William Boston, William, Boston, Susann Kreutzmann, Susann, Kreutzmann

Wall Street Journal 09/25/2012

Matthew Kaminski, Matthew, Kaminski

Greece's Path Back (4)- Yannis Stournaras and the committment to Europe

06/26/2012

Linked Articles

Yannis Stournaras Is Named New Greek Finance Minister

New York Times 06/26/2012

Liz Alderman, Liz, Alderman

Wall Street Journal 06/27/2012

Nektaria Stamouli, Nektaria, Stamouli, Stelios Bouras, Stelios, Bouras, Alkman Granitsas, Alkman, Granitsas

Mario Monti of Italy and the plans for a sounder monetary union in Europe

06/22/2012

The discussions in Rome between Mario Monti of Italy and the leaders of Germany, France, Spain, at the end of June 2012. Monti as respected mediator between the different sides and positions and the importance of productive discussions to the future of the Euro and the economies of Europe.

Linked Articles

Why Monti, despite Merkel, could prove the euro’s best hope - The Washington Post

Washington Post 06/24/2012

Steven Pearlstein, Steven, Pearlstein

Washington Post 06/22/2012

Anthony Faiola, Anthony, Faiola

Accelerated development of nuclear energy in India and China in 2013-2020

06/06/2012

Over tenfold increase in nuclear energy capacity planned in India and fivefold in China by 2020. Safety practices being put in place after the Fukushima nuclear disaster, energy shortages in India, and excessive coal generated pollution in China, give a new perception of the importance of nuclear energy in the energy mix for the two countries.

Linked Articles

India Starts Nuclear Reactor After Lengthy Delays

Wall Street Journal 10/23/2013

Saurabh Chaturvedi, Saurabh, Chaturvedi, Biman Mukherjee, Biman, Mukherjee

Wall Street Journal 06/06/2012

Wsj Online, Wsj, Online

Spain to inject 9 billion euros into Bankia- analysts estimate the capital hole at Bankia at 25 billion euros

05/21/2012

Analysts estimate the capital requirements at Bankia to cope with 12% nonperforming real estate loans on a 190 billon loan portfolio for BFA-Bankia, and to meet other capital requirements, is 25 billion euros. The Spanish government said it would inject 9 billion euros to recapitalize Bankia in May 2012.

Linked Articles

Limbo on Bankia Undermines Confidence in Spain's Handling of Crisis

Wall Street Journal 05/21/2012

Simon Nixon, Simon, Nixon

Wall Street Journal 05/24/2012

Christopher Bjork, Christopher, Bjork

Hollande, Ayrault, and "the strong signal to Germany"

05/15/2012

French president Hollande's appointment of Ayrault, a professor of German studies as premier, is seen as "a strong signal to Germany." So is the appointment of a former minister of European Affairs, Muscovici, as finance minster. This sets the tone and groundwork for a closer fiscal and political union in Europe, to provide the foundation for the euro as a common currency in the eurozone. Germany and France now have two leaders whose mentors were strong proponents of European Union, former German chancellor Kohl and former European Commission president Jacques Delours.

Linked Articles

Logic Pushing Europe Toward Greater Integration

New York Times 06/07/2012

Steven Erlanger, Steven, Erlanger

Wall Street Journal 05/15/2012

Gabriele Parussini, Gabriele, Parussini