While Beijing's current debt level is not unsustainable, it is difficult to argue that in recent years the level of debt has not risen at an unsustainable pace.
As the euro crisis reaches a critical stage, Angela Merkel is reaching out to her pro-Europe predecessor, Helmut Kohl.
The United States and Europe are still recovering from the housing bubbles , but the hardest-hit U.S. states have bounced back more rapidly than Greece, Ireland, and Spain.
The EU acts as a bloc with all 27 member states discussing issues and unanimously making decisions, but behind the scenes lies a tacit agreement that the Big Three, France, Germany, and the United Kingdom, take the lead on foreign policy.
With the Greek election handing power to a pro-bailout party and EU leaders agreeing to directly extend 100 billion euros in bailout funds to Spanish banks, the eurozone has been granted some much needed respite. But a solution to the crisis remains elusive.
Europe may be only a part of France’s problems, but it has always been a key to their solution, and Germany has always been the indispensable partner.
A more competitive private sector, not fiscal austerity, is more likely to help bring long-term stability back to Spain and Italy and put them on the road to prosperity
The deepening economic crisis in Europe can be attributed to ignorance and the increasingly unbalanced concentration of the power to make critical decisions.
Southeast Asia should guard against a potentially dangerous spillover from the Eurozone crisis by trimming sovereign debt and reigning in spending.
The gap between the efforts to deepen integration in order to save the euro and what most people really think should happen is wider than it has ever been before.