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Greece’s problems, and those looming over its neighbors, have laid bare the dangers of divergent fiscal and political policies in the euro zone. Share/Save Pessimism inhibits economic activity, which can be hard to stop and can stretch the financial system past its breaking point. Share/Save Adam Smith tartly criticized the idea that self-interest is enough, believing that a healthy society requires trust, so that bankers lend. It requires care for the poor. It requires sympathy. Share/Save The country’s total 2009 exports rose to $1.2 trillion, ahead of the 816 billion euros ($1.17 trillion) for Germany forecast by its foreign trade organization, BGA. Share/Save A global history of capitalism in all its creative and destructive glory. Share/Save Policy makers could make adjustments in rates and stimulus measures next month when they get new statistics on the economy. Share/Save The latest concern is that Greece or another weak economy might default on its sovereign debt, potentially fracturing the euro zone. Share/Save The success of an economy depends on its ability to invent and embrace a new set of instructions. Share/Save The unfortunate leader in a misery index cited by Moody’s is Spain, but Britain and the United States are not far behind. Share/Save |
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