Economy in the euro zone urgently needs a more comprehensive pro-growth policy approach at both the national and regional levels, or else a second lost decade will be all but assured. Hope for the continent now rests squarely on the shoulders of (...)
Egyptians should view their national team's World Cup exit as a learning experience that can help the country, Allianz's chief economic adviser Mohamed El-Erian said in a new Project Syndicate op-ed.
Egypt's qualification for the World Cup showed (...)
It might be tempting to conclude that there are no lessons to draw from the wild ride in financial markets last week. After all, the Standard & Poor's 500 Index closed 1 percent higher Friday, and the Dow Jones Industrial Average and the Nasdaq 100 (...)
With negotiations faltering, the rhetoric intensifying and a daunting payment schedule ahead, there is mounting concern that the latest disagreements over Greece may be more than just another stage in the prolonged repeated game involving that (...)
Already struggling to meet citizens' legitimate needs and aspirations, the Egyptian economy has suffered a series of additional setbacks in recent years. So much so that, for the first time in many years, the population has had to cope with power (...)
It is hard, if not impossible, to hear or read anything optimistic about Egypt these days. Unrest on the streets continues, with an uncomfortably high threat of renewed confrontation involving some combination of the supporters of Mohamed Morsi, the (...)
Those who don't pay much attention to Egypt would be forgiven for thinking that the images dominating their television sets these days are simply a replay of the popular revolution that overthrew President Mubarak two and a half years ago. They are (...)
NEWPORT BEACH: The international community risks settling for second best on two key issues to be discussed this month at global meetings in Washington, DC: the lingering (if currently somewhat dormant) European debt crisis, and the selection of the (...)
NEWPORT BEACH: The United States has gone through an arduous period of intervention and rehabilitation since the global financial crisis in 2008 sent it to the economic equivalent of the emergency room. It moved from the intensive-care unit to the (...)
NEWPORT BEACH: Let me set the scene: an increasingly discredited economic policy approach gives rise to growing domestic social and political opposition, street protests and violence, disagreements among official creditors, and mounting concerns (...)
NEWPORT BEACH: More than three years after the global financial crisis, the world still has a nasty plumbing problem. Credit pipes remain clogged, and only central banks are working to clear them. But their ability to do so is waning, posing yet (...)
NEWPORT BEACH: Imagine for a moment that you are the chief policymaker in a successful emerging-market country. You are watching with legitimate concern (and a mixture of astonishment and anger) as Europe's crippling debt crisis spreads and (...)
NEWPORT BEACH: Central bank purists are confused. How can the European Central Bank, a Germanic institution, now be in the business of buying government bonds issued by five of its 17 members? Why is this monetary authority acting like a fiscal (...)
NEWPORT BEACH: It has been raised more than 70 times in the last 50 years, mostly without commotion. It must be raised again this summer if the United States government is to continue paying its bills on time. But now America's debt ceiling has (...)
NEWPORT BEACH: Colleagues from around the world recently gathered at PIMCO's headquarters in California for our annual Secular Forum, when we leave behind high-frequency issues for a few days and, instead, debate what the next 3-5 years hold for the (...)
NEWPORT BEACH: It was relegated to the Q&A session, rather than featured prominently in the opening statement, at last week's first-ever press conference of US Federal Reserve Board Chairman Ben Bernanke. It is an issue that too many in Washington, (...)
NEWPORT BEACH: Three years after the global financial crisis, the global economy remains a confusing place — and for good reasons.
Should we draw comfort from gradual healing in advanced countries and solid growth in emerging economies? Or should (...)
NEWPORT BEACH: As we all struggle to comprehend the economic and financial impact of Japan's calamity, it is tempting to seek historical analogies for guidance. Indeed, many have been quick to cite the aftermath of the terrible 1995 Kobe earthquake. (...)
MILAN: Over the past two years, industrial countries have experienced bouts of severe financial instability. Currently, they are wrestling with widening sovereign-debt problems and high unemployment. Yet emerging economies, once considered much more (...)
By Mohamed El-Erian *
A year ago, only a few people expected that the crisis brewing in Asia would not only economically destabilise that region but would spread with ferocity to Russia and threaten Latin America. Even fewer believed that industrial (...)