Tag Archives: Europe

EU Agrees To Cut Greenhouse Gas Emissions

EU Agrees To Cut Greenhouse Gas Emissions
EU leaders called the 40-percent target an ambitious signal to the likes of the United States and China to follow suit at a U.N. climate summit France is hosting in December next year. “Europe is setting an example,” French President Francois Hollande said, acknowledging that it had been a ... Read more

Europe’s Austerity Zombies

Europe’s Austerity Zombies
Austerity has failed in Europe. But its defenders are willing to claim victory on the basis of the weakest possible evidence: the economy is no longer collapsing, so austerity must be working! But if that is the benchmark, we could say that jumping off a cliff is the best way to get down from a mountain; after all, ... Read more

They Can’t Represent Us: a riveting defense of democracy

They Can’t Represent Us: a riveting defense of democracy
A lot of ink has already been spilled on last month’s European elections. Most commentators lament the rise of the far-right; some celebrate the rise of the radical left — but almost everyone has focused their attention on the rearrangement of the deck chairs, missing the grumbling sounds ... Read more

The Emerging Global Economic ‘Perfect Storm’

The Emerging Global Economic ‘Perfect Storm’
Much like a perfect storm at sea is the consequence of three converging bad weather fronts, three significant global economic trends have begun to intensify and converge in recent months: (1) a slowing of the China economy and a parallel growing financial instability in its shadow banking system; (2) ... Read more

Is Capitalism Doomed?

By Nouriel Roubini Project Syndicate, August 15, 2011 NEW YORK – The massive volatility and sharp equity-price correction now hitting global financial markets signal that most advanced economies are on the brink of a double-dip recession. A financial and economic crisis caused by too much private-sector debt and leverage ... Read more