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Greece's economic and political unraveling could not be coming at a worse moment for President Obama. The crisis has the potential to send shock waves not simply through Europe but also through global financial markets on the very eve of the U.S. presidential election.
The following is a letter to the editor in response to an April 8 op-ed in The Financial Times on the possibility of countries opting to leave the eurozone.
With each passing day, Greece's economic and political malaise deepens despite one massive International Monetary Fund-European Union bailout package after another to keep that country afloat.
An early exit from the euro now would be preferable to Greece going through another few years of wrenching recession only to find later that it did not have the ability to tolerate the rigors of continued euro membership.
Lachman pushes for a floating exchange rate in theGulf countries.
U.S.-Chinese economic relations are again coming sharply into focus. As the presidential campaign heats up and as the U.S. economy flirts with recession, presidential candidates are facing calls to pledge stronger action in response to China’s presumed unfair trade practices. There are already many bills pending in Congress to use...
The modest appreciation of China's currency should not cause much change and China must do more to prevent an international protectionist backlash.
Many have written about Dominique Strauss-Kahn's talents and major influence during recent negotiations. History, however, is more likely to remember him as the man who put the IMF on the road to decline, by his misguided handling of the eurozone debt crisis.





