There was a time, just a few months ago, when David Cameron was the toast of Brussels. Those who fretted about Britain’s new Conservative prime minister, a declared Eurosceptic, were surprised by how accommodating he could be. He did not stand in the way of the euro zone’s new treaty to create a permanent…
Greece’s government must cut spending and improve tax revenue in order to greatly reduce or eliminate its need to borrow, reduce the cost of its output (via domestic deflation or leaving the Euro and depreciating a new currency) in order to restore the external balance between its imports and exports, and to reduce the impediments to economic efficiency and productivity growth so that its economy can grow more rapidly. How did it get in such a mess? What role was and is played by its use of the Euro? And what are its options?
A Spaniard and a South Korean are vying to become the first woman to conquer the world’s 14 highest mountains. In 1986, Italy’s Reinhold Messner became the first person to climb the world’s 14 highest mountain peaks. Now, two women in Europe are battling it out to become the first woman ever to achieve the…