Australian foreign minister Bob Carr was interrogated about Australia’s alliance with the US in three separate meetings with Beijing’s leaders last week. “Make no mistake, the re-emergence of China, and…
- School of Social Sciences, Monash University
“I don’t envisage, not even for one second, Greece leaving the euro area. This is nonsense; this is propaganda.” That’s Jean-Claude Juncker, Prime Minister of Luxembourg, chairman of the Eurogroup, speaking…
“I don’t envisage, not even for one second, Greece leaving the euro area. This is nonsense; this is propaganda.” That’s Jean-Claude Juncker, Prime Minister of Luxembourg, chairman of the Eurogroup, speaking…
The democratic executions of Nicolas Sarkozy in France and Lucas Papademos in Greece means the body count of European leaders guillotined by angry electorates has risen to 12. Sarkozy and Papademos join…
The democratic executions of Nicolas Sarkozy in France and Lucas Papademos in Greece means the body count of European leaders guillotined by angry electorates has risen to 12. Sarkozy and Papademos join…
Bank of England (BoE) Governor Sir Mervyn King today courted controversy by stating the Bank “should have” done more to prevent the UK’s banking disaster. In an uncharacteristically blunt assessment of…
Even as Rafael Nadal gracefully accepted his cheque for €300,000 for winning the Barcelona tennis championship for a seventh time, the Spanish economy relapsed into recession. In response, markets savaged…
You know the old three-card trick: pick a card. Any card. But, inevitably, it’s the card the magician wants you to choose. Jim Yong Kim, now the newly-annointed World Bank president, was the only possible…
Lord Wolfson’s vainglorious economics prize for 2012 will be awarded to the best solution for an orderly exit from the Eurozone. The five finalists are: Roger Bootle from Capital Economics; Cathy Dodds…
Last week’s story on The Conversation saw HECS architect Bruce Chapman bemoaning lost tax revenue from graduates who flee overseas away from the clutches of the Australian Tax Office (ATO). Here’s an idea…
Quite a surprise. Jim Yong Kim, former World Health Organisation (WHO) chief, is Barack Obama’s nominee for the presidency of the World Bank. The White House announced Obama’s support for Kim, currently…
Apple today announced it would pay its first shareholder dividends in almost 20 years, marking a distinct break from the late Steve Jobs’ “no dividends” policy. The world’s biggest corporation by market…
When World Bank President Robert Zoellick announced his resignation last week, a surprising number of names emerged as contenders for the Bank’s top job. Zoellick’s resignation doesn’t come into effect…
A recent article from Paul Krugman in the New York Times argues that the world is already in a depression. He points to high unemployment in the United States and Europe, austerity packages and the decimation…
Last week’s EU Brussels summit produced a tentative fiscal compact, a mild boost of the European Financial Stability Facility’s (EFSF) reserves to €500 billion, and an acrimonious split between Britain…
For European banks threatened by a looming credit squeeze, the US Federal Reserve’s move to cut the cost of obtaining US dollars rescue hasn’t come a moment too soon. The Fed’s decision to engage in quantitative…
Is the Eurozone about to crash and burn, leaving Club Med in its wake? Not so fast. Reports have suggested that French President Nicolas Sarkozy and German Chancellor Angela Merkel have discussed a strategic…
Greece’s cabinet has given unanimous backing to Prime Minister George Papandreou’s plan for a referendum on the government’s austerity program. Papendreou emerged from talks with fellow EU leaders at the…
European Union leaders have agreed to write off 50% of Greece’s debt, while bolstering the EU bailout fund to 1 trillion euros ($1.32 trillion). Greece’s debt will be reduced to 120 billion euros by 2020…
Welcome to “The most powerful companies you’ve never heard of” – an ongoing series from The Conversation that sheds light on big companies with low profiles. Today, Monash University’s Remy Davison examines…
As the Eurozone trembles at the prospect of Greece defaulting on its debt, the winds of change are at work at the European Central Bank (ECB). ECB President Jean-Claude Trichet will step down in November…
Will Greece default and exit the Eurozone? The best-case scenario is a managed, orderly, partial default with the European Financial Stability Facility (EFSF), a fund created in 2010 to manage Eurozone…
“God dammit, Gil,” shouted Bill Gates. “Why are you spending $400 million on this junk? Steve knows nothing about technology. He’s just a kind of super salesman. Virtually everything he thinks and says…
“A catastrophe on multiple levels.” That’s how New York Times columnist Paul Krugman characterised the US debt deal brokered this week between Democrats and Republicans. President Obama on Tuesday signed…
As Margaret Thatcher’s trade minister in the 1980s, Norman Tebbit devoted much of his time to dealing with the European Community – the precursor to the European Union. Routinely, at meetings in Brussels…
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