Posted by: anotherworldip | 05/20/2013




Dear Project Syndicate reader,

This month, Project Syndicate featured a debate between George Soros and Hans-Werner Sinn on the future of the eurozone, and released a new Focal Point presenting a collection of Simon Johnson’s commentaries on financial reform. To keep up to date with all of our content, visit ourWeb site regularly, and follow us on Facebook and Twitter.


Soros versus Sinn: The German Question

germany newsart

The ongoing euro crisis has been a source of increasingly heated debate worldwide. In recent weeks, George Sorosand Hans-Werner Sinn, two regular Project Syndicatecontributors and leading figures in the discussion, have debated the cause of Europe’s crisis and how to overcome it.

In a Project Syndicate commentary, Soros addressed the latest developments in Europe’s crisis and proposed a powerful remedy – Eurobonds, with or without Germany.

Sinn contested Soros’s argument, asserting that Eurobonds would not address the eurozone’s underlying malady: its southern members’ loss of competitiveness.

Soros defended his position in a comment on Sinn’s commentary, where the debate continued.

To read the debate, click here.


The Big Bank Battle


Simon Johnson, a professor at MIT’s Sloan School of Management and a former chief economist at the IMF, is one of the world’s most influential critics of the global financial system. In a new Focal PointProject Syndicatepresents a selection of commentaries in which he considers what policymakers should do to prevent another financial crisis – and why they are not doing it. Commentaries include:

“Big Banks’ Tall Tales”

“Financial Reform’s Breakthrough Year”

“Finance’s Crisis of Legitimacy”

“Occupy the Mortgage Lenders”

“A Roosevelt Moment for America’s Megabanks?”

To read the full Focal Point, click here.


Recent Commentaries


The Problem with Poor Countries’ GDP

by Bill Gates

SEATTLE – Even in good financial times, development aid budgets are hardly overflowing. Government leaders and donors must make hard decisions about where to focus their limited resources. How do you decide which countries should get low-cost loans or cheaper vaccines, and which can afford to fund their own development programs?

The answer depends, in part, on how we measure growth and improvements in people’s lives. Traditionally, one of the guiding factors has been per capita GDP – the value of goods and services produced by a country in a year divided by the country’s population. Yet GDP may be an inaccurate indicator in the poorest countries, which is a concern not only for policymakers or people like me who read lots of World Bank reports, but also for anyone who wants to use statistics to make the case for helping the world’s poorest people…read more.


The Japanese Experiment

by Mohamed A. El-Erian

NEWPORT BEACH – After years of tweaks, Japan has now initiated a major shift in its policy paradigm, with reactions ranging from great optimism that the country may finally be lifted out of a quarter-century of economic stagnation, to concerns that the authorities’ dramatic change of course may in fact end up making things worse. But, while debate naturally focuses on Japan’s economic, financial, and political maneuvers, the tipping point could well lie abroad.

Prime Minister Shinzo Abe’s new government has embraced a revolutionary (rather than evolutionary) economic-policy approach that engages several initiatives, some of which were once deemed implausible, unthinkable, or even undesirable. From the doubling of the money supply to additional fiscal stimulus and wide-ranging structural reforms, the new policy paradigm is nothing less than one of the boldest economic-policy experiments in Japan’s post-war history…read more.


Other Commentaries


April’s Most Popular Commentaries


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