Tag: fiscal crisis

Euros & Dollars: Two Problems with EU’s New Fiscal Rules

The EU’s new fiscal rules are supposed to solve the problem with member state budget deficits. But so far, neither the European Parliament nor the European Council has addressed the two biggest problems with their reform efforts.

Moody’s Opens Path to U.S. Fiscal Crisis

The latest report on the U.S. government’s credit worthiness is nothing short of fiscal and political dynamite. It should put Congress and President Biden on full alert.

A Fiscal Crisis Hits America

There is this notion that America will never face a fiscal crisis of the kind other countries have fallen victim to. This notion is dead wrong. Here is what an American fiscal crisis can look like.

Fiscal Forecast: When the IMF Destroyed Greece, Part I

The Greek economic disaster a decade ago was totally preventable. It was inflicted upon Greece by arrogant politicians and incompetent economists. If we learn its lesson, we can avoid similar disasters when Europe enters its next recession.

A Lawmaker’s Guide to the Next Fiscal Crisis

Every government with debt on hand, and especially those with debt levels that are already unsustainable, must get to work on a contingency plan for the coming recession.