International Selection

Jean-Claude Trichet, former President of the ECB, sees no chance for Greece to return to growth and international trust without a credible recovery plan accepted by its creditors. He doesn’t exclude though the ECB could further allow Emergency liquidity Assistance to Greek banks.

The next government in Ankara ought to play a decisive role in a series of peace processes vital to restoring stability in the wider Middle East. A column by Carl Bildt.

The financial industry will have to serve people via a larger menu of customizable solutions. Traditional firms will be challenged to «self-disrupt» their thinking and operational approach. A column by Mohamed A. El-Erian.

There has been neither inflation nor growth: central banks can seemingly pour hundreds of billions of dollars, euros, or yen into the market with little discernible effect. A column by Daniel Gros.

Greece's strategy of blackmailing the rest of the EU doesn't work anymore. The bond-buying program of the European Central Bank puts a firebreak at each point of the contagion process. A column by Anatole Kaletsky.

The Obama administration rejects a domestic political debate on the Trans-Pacific Partnership TPP. This is a mistake. A column by Simon Johnson.

Most companies allocate resources on the basis of past, rather than future, opportunities. Firms that succumb to such inertia will face difficulties in the new global economy. A column by Richard Dobbs.

Nobel prize laureate Robert Shiller explains how asset price bubbles are forming. He thinks that an interest rate increase in the US would not have severe consequences for the economy.

The inflation risk is on the upside, especially if the Fed keeps its real short-term interest rate negative until the end of 2016 and raises it to one percentage point only by the end of 2017. A column by Martin Feldstein.

There are good reasons to believe that, by investing in improving material sustainability, companies can increase shareholder value. A column by Laura Tyson.

Congress cannot pretend that wrong-footed trade policy is the answer to its inability or unwillingness to refocus its domestic policy agenda. A column by Stephen S. Roach.

Unfortunately, sound science is not always the driving force behind economic analysis and policy recommendations. A column by J. Bradford DeLong.