Sir, Lawrence Summers is certainly correct in asserting that the right focus of the European countries must be on restoring economic growth if they are to restore fiscal sustainability (“Growth not austerity is the best...

While markets are again correctly obsessing over Italy and Spain’s poor economic growth prospects, as reflected in markedly higher government bond yields for those two countries, they seem to have taken their eye off two upcoming political events that could usher in a new and more serious phase of the...

Portugal could avoid Greece's horrible fate if it were to draw the right lessons from the Greek experience.

The main problem with the recent IMF programmes to countries such as Greece and Portugal has not been one of size or duration but rather one of policy misdiagnosis. 

A potential European banking crisis would spill over to the US financial system, which has very close links to the European banking system.

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In the months ahead, there will be a renewed intensification of the European debt crisis that could have major implications for the US economy.

The IMF will not disengage from Greece.

Over the past few months, there has been a marked intensification of the Eurozone debt crisis that could have major implications for the United States economy in 2012.