Alexis Tsipras to face take-it-or-leave-it ultimatum from lenders over debt offer

The Greek prime minister, Alexis Tsipras, will be presented with what is expected to be a take-it-or-leave-it plan on Wednesday after five months of drama-filled negotiations to keep his debt-stricken country afloat.

A Theory on Long-Term Economic Trends and a Sudden Crash

Employment losses during the Great Recession may have had more to do with factors like the rise of Walmart than with the recession itself, two economists say in a new academic paper.

French economy minister urges alternative to German austerity

(Reuters) - The time has come for France to resist Germany's "obsession" with austerity and promote alternative policies across the euro zone that support household consumption, firebrand French Economy Minister Arnaud Montebourg said on Sunday.

In China, hopes of market reforms tempered by realities of politics

HONG KONG: In a political system whose lifeblood is opaque slogans, a detailed proposal for China's economic reform ominously titled Plan 383 has created a hubbub of excitement from investors and the country's news media.

The big US budget cuts: Will the bite match the bark?

WASHINGTON: Delays of four hours or more at airports. Exasperating wait times for people, and goods, crossing America's borders. Reduced paychecks for thousands of civilians employed by the Pentagon.

Can Global Economic Policy Be Freed From Its Paralysis?

The Bank for International Settlements in Switzerland has just published its annual report, and it is a dour document. The BIS (as it’s known) was created in 1930 to handle post-World War I reparation payments from Germany to Britain and France. The Great Depression ended reparations, and now the BIS provides—among other things—sober commentary on the global economy. Its latest report oozes foreboding.