International Selection

China’s attitude to GDP growth is changing, but it must continue to change a lot more if China is to avoid a very painful economic adjustment. A column by Michael Pettis.

Probably in autumn the German Constitutional Court will take it’s decision concerning complaints against the ECB. A ruling that the OMT program is illegal could lead to the breakup of the Euro Aera.

The european banking sector is too large and has too little capital. Europe is unlikely to recover fully from its current slump as long as the sector is not recapitalized. A column by Daniel Gros.

Less global growth caused by a deliberate slowdown of economic growth in China will also make for a slower return to 7 per cent unemployment rate in the United States. This will influence the policy of the Fed. A column by Barry Eichengreen.

British authorities do not even have a firm grip on the basics of regulating capital – that is, determining how much equity is safe for large complex global financial institutions. A column by Simon Johnson.

Although Germany's Constitutional Court has no say over the ECB, it can judge whether EU institutions act according to the treaties and, if not, force the German government to take action. A column by Hans-Werner Sinn.

Spin and frothy markets aside, the real life of American consumers is still quite difficult. The healing has only just begun. A column by Stephen S. Roach.

A sustained burst of moderate inflation is not something to worry about. On the contrary, in most regions, it should be embraced. A column by Kenneth Rogoff.

There are several reasons to doubt that youth unemployment is a discrete problem meriting special treatment. A column by Daniel Gros.

France and Germany, the two core states of Europe's monetary union, differ heavily in their views of public finance. This has a background in history. A column by Harold James.

By extending well beyond their comfort zone, today’s central banks face unusual brand-management risks. A column by Mohamed A. El-Erian.

Not a single global megabank has a well-functioning board. Their members kowtow to CEOs and do not examine management decisions closely. A column by Simon Johnson.