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Greek"No" supporters celebrate referendum results. REUTERS/Marko Djurica

What now for Greece and the euro?

The media predictions are dire, but the reality of the Greek monetary crisis may be less sensational.
Many are ready to call it quits with the euro, but down that road lies nothing good. Reuters

Path to Grexit tragedy paved by political incompetence

An analysis conducted in 2007 showed how severe the consequences would be if a country left the euro. How have eurozone officials let it get this far?
Syriza leader Alexis Tsipras is odds-on favourite to emerge as the next prime minister in Greece. EPA/Orestis Panagiotou

Syriza surges ahead of January election as Greek voters reject austerity

The snap election called in Greece for January 25 has renewed speculation about the country’s uncertain future as left-of-centre Syriza looks likely to capitalise on the unprecedented unpopularity of the…
In the eye of the beholders, dollar dominance rules. peasap

Why dollar dominance is secure despite growth of global rivals

In imploring the world to be less dependent on the US dollar for international transactions, French finance minister Michel Sapin is expressing a wish that many of the euro’s creators hoped would already…
Eine kleine Bundeskanzlerin: Merkel addresses both houses of parliament. Oli Scarff/PA

She got the royal treatment, but Merkel’s not Superwoman

Angela Merkel’s visit to London could hardly have been given a bigger billing; a speech to both houses of parliament, lunch with the prime minister and then tea with the Queen. David Cameron clearly had…
“The euro has backfired: it is holding back growth and job creation; and it is dividing Europe.” Stefan Rousseau/PA

Nobel laureate: tough choices for a troubled euro

One of the most exciting things about working at the LSE is that we get to hear some of the world’s top thinkers and policymakers. One occasion that I recall vividly is the visit of two great Europeans…
China has far more to lose from too few US dollars than it does from a dollar surplus.

US economic policy: the right settings, disastrous process

The US debt crisis is over for now, but legislators have just kicked the can down the road. In this series on the US debt ceiling, academics from Australia, the UK and the US assess the lingering global…
Alexis Tsipras will lead Syriza to the polls on June 17. EPA/Orestis Panagiotou

Greek elections: the heart of contradiction

To free the age from its captivity, To create a brand new world, The discordant, tangled days Must be linked, as with a flute. There is an air of impending disaster in Greece, a country whose plight Sophocles…
German chancellor Angela Merkel and France’s new President Francois Hollande meet to discuss Europe’s economic woes. EPA/Rainer Jensen

Hollande and Merkel: breaking up is hard to do

Europe is in economic dire straits and the two most powerful economies on the continent are, at least on paper, led by individuals with considerable differences. The previous French President Nicolas Sarkozy…
Former EU commissioner Mario Monti will form government in Italy as Silvio Berlusconi exits. AAP

Here come the technocrats, to save the Eurozone

Is the Eurozone about to crash and burn, leaving Club Med in its wake? Not so fast. Reports have suggested that French President Nicolas Sarkozy and German Chancellor Angela Merkel have discussed a strategic…

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