International Selection

The eurozone needs a massive write-down of peripheral countries' debt. There are no easy cyclical solutions to tough structural problems. A column by Kenneth Rogoff.

The slower growth that a rebalanced Chinese economy is likely to experience is not thrilling for the rest of the world. A column by Stephen S. Roach.

Foreign debt is more important than domestic debt, which means that the external deficit has to be adjusted. A column by Daniel Gros.

Whether Japans shift in its economic policy will succeed might finally be decided elsehwere. A column by Mohamed A. El-Erian.

Steven Newman, CEO of Transocean, talks with «Finanz und Wirtschaft» about the oil-disaster in the gulf of mexico, the dispute with Carl Icahn and the shaky rating.

India's administrative institutions need an overhaul. Otherwise, they would remain a brake on economic development. A column by Raghuram Rajan.

The ongoing financial crisis is merely a symptom of the monetary union’s underlying malady: its southern members’ loss of competitiveness. A column by Hans-Werner Sinn.

A slump in economic growth in China is inevitable: The manufacturing industry in the rest of the world can be happy, writes finance professor Michael Pettis.

The transformation of the investment- and export-led growth model toward a more balanced consumer-based and services-led economy is under way. A column by Stephen S. Roach.

The former British Prime Minister, the late Margaret Thatcher, followed a vision of liberalization. This in turn deeply influenced european politics. A column by Harold James.

The «global savings glut» is the cause for ultra-low interest rates, but why there is this glut, how long it will last and if it's good, is being hotly debated. A column by Kenneth Rogoff.

This is the lesson: Yes, banks can be allowed to become insolvent, and yes, creditors may have to suffer. A column by Daniel Gros.