If last week's elections are any predictor, not only are Greeks balking, but France, too, is resisting further austerity, calling instead for more government-financed "growth," oblivious that the deficits and high-risk debt that... more ››

This year’s annual meeting of the International Monetary Fund made clear that Europe and the international community remain rudderless when it comes to economic policy. Financial leaders, from finance ministers to leaders... more ››

Austerity is destroying Europe, we are told. In fact, this "anti-austerity" slogan is supposedly an important reason for defeat of former French president Nicolas Sarkozy and for the victory of newly elected socialist Francois... more ››