Speaking on C-SPAN’s Washington Journal, Uri Dadush discussed the G20 summit in Cannes and the ongoing European debt crisis. Dadush argued that the G20 failed to put forward concrete steps to resolve the crisis and stabilize European financial markets. “The eurozone is in greater trouble than it’s ever been,” said Dadush, because the crisis has now landed in Italy, the eurozone’s third largest economy. Though the likelihood of an immediate Italian default is low right now, political tensions could undermine those policies that are supporting Italy. If this were to happen, the world would likely be thrown into another major financial crisis.
The key developments that come out of the G20 summit at Cannes could have a significant impact on the euro and the global economy.
No one is fully knowledgeable about the state of the Syrian economy, how exactly it has been affected by the events taking place in the country, or how to interpret the choice economic indicators issued by Syrian officials.
The U.S. pivot to the Asia-Pacific has created both tension and opportunity in its relations with China.
The gap between the efforts to deepen integration in order to save the euro and what most people really think should happen is wider than it has ever been before.
The Russian political system is likely to undergo some changes this year, perhaps even serious ones — not because Putin wants them, but because elements of Putin's inner circle are convinced that the government must take some of the protesters' demands seriously.
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