EBRD Mirow: Greek Growth Needed Or Debt Cuts Won't Suffice-Report

Greece urgently needs to kickstart economic growth or debt reduction alone won't be enough to put the euro-zone member on a sustainable footing, the head of the European Bank for Reconstruction and Development told Italian daily La Stampa in an interview published Thursday.

Get the growth, then the debt reduction

A grim surprise was tucked inside the Congressional Budget Office’s latest budget outlook. Economic growth, it said, will be 2 percent in 2012, falling to 1.1 percent in 2013. That’s horrible. It’s far beneath the growth rate required for the economy and the job market to recover. But it’s also probably wrong— provided that Congress wants it to be wrong. Because the CBO isn’t saying the economy ...

Their View: Our perilous course on debt reduction

Debt projections released Tuesday by the Congressional Budget Office illustrate three fiscal paths: dangerous, dumb and smart.

Abheek Barua & Shivom Chakravarti: Deconstructing debt

Now that everyone in the western world (households, firms and governments) is desperately trying to reduce his level of debt, it might be useful to ask a couple of fundamental questions. What impact will this process of debt reduction have on things like growth and inflation?

Stock futures rise on Greek debt hopes

Markets clawed back lost ground Tuesday on hopes that Greece is heading toward a conclusion of debt-reduction talks with private creditors and that it may soon secure its second bailout package.Dow Jones ...