The Sisyphean Task of Managing the Euro Zone

By Peter Wahl*
IDN-InDepth NewsAnalysis

BERLIN (IDN) – In spring 2011 it became more and more obvious that Greece would not be able to comply with the conditionality of the 2010 rescue package of €120 billion. Targets were not reached since the budget cuts and austerity measures had stalled growth, and the recession was deeper than calculated. Spending for unemployment went up while tax revenues fell.

Volatility in Capital Flows Calls for Regulation

By Martin Khor*
IDN-InDepth NewsAnalysis

Booming capital flows to developing countries are destabilising currencies and threaten to end in a bust. The commodity markets are also subjected to speculation, with volatile fluctuations in prices. Capital controls at the domestic level and regulation of capital flows and commodity markets at the international level are both needed.

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