Fareed's Take on America's debt crisis: why no problem is the problem

Everyone has been in a panic this week over America's impending fiscal collapse, but I think the reality is that America does not face an immediate debt crisis. Take a look at the simplest indicator, the day that Standard & Poor's raised its now famous warnings about America's debt, markets decided to lower America's borrowing costs and the dollar rose against its principal alternative, the euro.

Analysis: Euro zone may need to rethink anti-crisis strategy

Less than a month after European leaders unveiled a "comprehensive package" they said would fix the euro zone, their anti-crisis strategy is fraying and may be in need of a radical rethink.

Rising public anger in northern Europe at a series of taxpayer funded bailouts is sending tremors through the political landscape, boosting anti-euro parties such as the True Finns in Finland and sparking open policy rows in European paymaster Germany.

Strict rules to prevent future euro crisis

The European Parliament's economics committee yesterday backed a set of laws which will strengthen the EU's powers over member states' budgets and debts as it attempts to prevent a future financial crisis.

The so-called "six-pack" of measures to boost economic governance will give the European Commission a much greater role in policing member states' finances as part of a package to strengthen the Stability and Growth Pact. The proposals were first put forward by the commission and the European Council.

Euro crisis bleak future for ASEAN single currency

Economists and policymakers in euro-adopter countries are experiencing stormy weather outside their office windows.

Early this month the Portuguese government declared its inability to pay its debts and requested financial assistance from the EU. After the economies of Greece and Ireland collapsed last year, Portugal is the third euro-adopter country that has failed to pay its debts and ask for a bailout.

Current arrangements insufficient to ensure neat outcome to euro crisis

Russell Investments' John Velis says Europe's leaders can avoid messy conclusion to euro crisis.

In Europe, our “square-root-sign” recovery still seems like the most probable scenario. In some ways, such a modest trajectory represents a bit of a disappointment.

As we have been saying, the usual recovery after a recession is often sharp and quick, akin to the letter ‘V’. Yet, the 2008 Great Recession, the severest global contraction since the Great Depression, has not been followed by such a steep recovery.