After three months of wrangling, the US congressional "super committee" charged with finding $1.2 trillion worth of spending cuts announced that they have failed to reach a deal. While Democrats and Republicans point the finger of blame at each other, others worry about the consequences for the debt-laden US economy.
Is France as fiscally carefree as Greece and Italy? Markus Kerber certainly thinks so. François Picard’s panel weighs up the pros and cons of austerity at a time when growth is grinding to a halt in Europe.
For better or for worse, eurozone leaders have come up with a deal they hope will contain the region's debt crisis. After weeks of heated discussions, Thursday night's summit in Brussels finally yielded an agreement. However there are fears the deal doesn't go far enough and that it fails to address the underlying economic problems in the eurozone.
MEDIAWATCH, Tues. 25th Oct. 2011. A brief overview of the Irish presidential election taking place this Thursday and some of the issues that have dominated what many have called a "dirty campaign". Also, a Swiss banker releases his new song: "The global economy is about to crash"...
Markus Karlsson speaks to Jean-Laurent Granier of French insurer AXA to get a businessman's point of view on the Greek crisis and the Arab uprisings. They met at the "Forum de Marseille", a conference that brings together European and Mediterranean leaders.
Ruling conservatives in France and Germany promise more leadership out of Brussels to put the burden on banks instead of taxpayers, but when he looks at the latest eurozone rescue fund deal, Harald Hau believes that Slovakian scepticism is well-founded.
Ruling conservatives in France and Germany promise more leadership out of Brussels to put the burden on banks instead of taxpayers, but when he looks at the latest eurozone rescue fund deal, Harald Hau believes that Slovakian scepticism is well-founded.
Thomas Sargent of New York University and Christopher Sims of Princeton have been jointly awarded the 2011 Nobel Prize in Economic Sciences for their studies on "cause and effect in the macroeconomy".
In its latest European economic outlook, the IMF paints a gloomy picture. Antonio Borges, the Fund’s European director, tells Markus Karlsson it would cost up to 200 billion euros to recapitalise and secure Europe’s banks.
