Tối hôm qua, 19/12/2011, Liên Hiệp Châu Âu đã kêu gọi thế giới cung cấp thêm phương tiện tài chính cho Quỹ Tiền tệ Quốc tế - IMF để có thể đối phó và ngăn chặn được cuộc khủng hoảng nợ công trong khu vực đồng euro.
LAST week, I commented on Joseph Stiglitz's unorthodox view of the Depression and the more recent Great Recession. The former, he writes, was largely attributable to the knock-on effects of a broad structural transformation in the economy, from agriculture to manufacturing. And the latter, he argues, is similarly due to the shift from manufacturing to service employment. I continue to see this as a mistaken view of economic history, but following on an exchange between Brad Delong and Scott Sumner (here, then here, then here) I'd like to add a few more thoughts.
Björn Larsson Rosvall/AP - Kristina Geers, Saab's lawyer, and Victor Muller, Saabs Managing Director, deliver the company's bankruptcy application to Vänersborgs district court Dec. 19.
By Associated Press, Published: December 19 | Updated: Tuesday, December 20, 3:18 AM
STOCKHOLM — After six decades of building cars renowned for their teardrop designs and quirky features, cash-strapped Saab Automobile gave up its desperate struggle for a lifeline Monday and filed for bankruptcy.
Christine Lagarde took over the International Monetary Fund in July after the arrest on charges of sexual assault of former managing director Dominique Strauss-Kahn (the charges were later dismissed). Since then, Lagarde, the former French finance minister, has been preoccupied with problems emanating from Europe. She has been trying to manage demands from outside the region, and within her own agency , for quicker action from Europe’s slow-moving political machinery. The agency has noticeably tried to step up the pressure on debt-ridden Greece, and Lagarde led a very public push for action to shore up European banks. But the crisis still festers. She sat recently for an interview to review her first months in the job.
It is one of the true delights of a bizarrely entertaining Republican presidential contest to watch the apoplectic fear and loathing of so many GOP establishmentarians toward Newt Gingrich. They treat him as an alien body whose approach to politics they have always rejected.