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Timothy Garton Ash: Europe's crisis is China's opportunity

Economically, China is already a dynamic giant. Militarily, it is becoming one. Politically? Ah, that's another story.. Timothy Garton Ash The Guardian, June 23 2011 [node:read_more:link]

Mr. Bernanke Goes to War by Barry Eichengreen

In October 2010 Brazilian Finance Minister Guido Mantega warned of an impending ?currency war?. The United States, Britain, Switzerland and Japan, Mantega complained, were all simultaneously attempting to push down their currencies in an effort to export their way out of their economic doldrums. Their policies were in obvious conflict, since not every country can weaken its exchange rate against the others. This was a zero-sum game that could only come to grief. [node:read_more:link]

The Audacity of the Euro - WSJ

5 ways in which the eurozone tensions have manifested themselves in 2010 by STEPHEN FIDLER

The Wall Street Journal, December 24, 2010

How could European governments believe they would be able to hold together a common currency with a single monetary policy?and each of them pursue widely different economic policies in every other respect?

Discipline versus solidarity

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Can the world avoid a fresh crisis? by Ian Bremmer

For better and for worse, globalization -- all the various processes by which ideas, information, people, money, goods, and services now cross international borders at unprecedented speed -- has been the primary geopolitical and economic trend of the past several decades. But the financial crisis and its aftermath have proven that no one has forgotten how walls are built, and this moment is in many ways more dangerous for the global economy's future than anything we experienced during the Cold War, threats of nuclear war notwithstanding. [node:read_more:link]

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