That isn’t a headline that you see in mainstream economy commentary.    The standard story – one that is echoed in communiqué after communiqué – goes something like this.  Global rebalancing – c…

Both Morgan Stanley (at least Eric Chaney) and JP Morgan (in their latest global outlook) now recognize that Europe has emerged as an important engine of global demand growth.    Indeed, the 2005 sur…

While July 4 elections are likely to end with Labour beating the Conservatives, voters can expect closer ties with Europe and a stronger emphasis on defense regardless of who wins.

At the governing council’s meeting today, the European Central Bank (ECB) announced that it will cut benchmark deposit rate to -0.3 percent, extend its quantitative easing (QE) program to at least Ma…

The current debate over how to finance Greece has again put the spotlight on the unsustainable buildup of sovereign debt in the periphery and led to calls for a comprehensive strategy for official se…