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2012 looks grim

The global economy faces a depressing prospect after a spate of gloomy results for countries and corporations and a fear that the eurozone's debt crisis isn't being resolved.
MARTIN WALKER, UPI Editor Emeritus

One cheer for euro summit

The real outcome of the European summit was the failure to come up with a minimum program to save the euro. They did enough to kick the can down the road another few weeks but no more.
MARTIN WALKER, UPI Editor Emeritus

A China bust looms

The euro crisis is spreading its growth-sapping effect -- with an economic crisis waiting to happen partially due to a decline in China's exports to Europe.
MARTIN WALKER, UPI Editor Emeritus

The euro endgame

Pessimists in Europe assume the euro will collapse before Christmas; optimists think it can limp on until the last week in January. Is this the endgame for the currency?
MARTIN WALKER, UPI Editor Emeritus
Where is compromise?

Where is compromise?

Barring a miracle, the 12-member super committee of the United States Congress seems unlikely to agree a compromise deal this week to reduce the budget deficit.
MARTIN WALKER, UPI Editor Emeritus

The euro Titanic

They have rearranged the deck chairs, told the band to change their tunes and replaced some of the ship’s officers but the Titanic of the world’s currency markets is still holed below the waterline and the passengers are all trapped on board.
MARTIN WALKER, UPI Editor Emeritus

The euro's new rules

The euro crisis grinds on but we have learned some useful and long-denied realities.
MARTIN WALKER, UPI Editor Emeritus

Euro for sale

Welcome to the new euro, a wholly-owned subsidiary of China Inc.
MARTIN WALKER, UPI Editor Emeritus

Euro crisis turns surreal

The euro crisis is becoming surreal, in that everything that possibly could go wrong is now doing so, all at once.
MARTIN WALKER, UPI Editor Emeritus

France's next leader?

French President Nicolas Sarkozy will be looking over his shoulder at Francois Hollande, the man with the best chance to replace him in next year's elections.
MARTIN WALKER, UPI Editor Emeritus
The real euro crisis

The real euro crisis

It has taken a while but the real problem of the euro is just starting to command the attention of Europe's leaders. And so far no one can see a solution.
MARTIN WALKER, UPI Editor Emeritus
War in South China Sea?

War in South China Sea?

An ugly momentum is building in the South China Sea, where an official Chinese newspaper called last week for war against Vietnam and the Philippines.
MARTIN WALKER, UPI Editor Emeritus
The IMF fails again

The IMF fails again

There was disappointment, but no real surprise, that the annual meeting in Washington of the International Monetary Fund and the World Bank failed to produce a comprehensive solution to the euro crisis.
MARTIN WALKER, UPI Editor Emeritus

Into the euro abyss

Steep drops in GDP in Europe could follow a possible breakup of the eurozone and that could set off economic problems around the world.
MARTIN WALKER, UPI Editor Emeritus

A dying economy

The essence of the economic crisis is becoming clear. It is less an event than a transition and we won't be getting back to "normal," not ever.
MARTIN WALKER, UPI Editor Emeritus

Two anniversaries

The tenth anniversary of the terrorist attacks on 9/11 has overshadowed that other anniversary on September 3, the outbreak of World War Two, when Britain and France declared war on Nazi Germany.
MARTIN WALKER, UPI Editor Emeritus
Lagarde takes the lead

Lagarde takes the lead

The global economy found a new superstar at Jackson Hole; the Frenchwoman who now runs the IMF.
MARTIN WALKER, UPI Editor Emeritus
The new economy

The new economy

The surprise is that rational people in business and the markets have been so surprised by the double-dip. A renewal of the financial crisis was a pretty logical development once the fiscal ammunition ran out.
MARTIN WALKER, UPI Editor Emeritus
And if China slows ...

And if China slows ...

Nobody really knows whether Europe and America are heading for a double-dip recession, stagflation or a currency collapse. But it is a safe bet that neither will be contributing much to global growth over the next few years, so China's future is going to be pivotal for us all.
MARTIN WALKER, UPI Editor Emeritus

The unseen punch

It's the punch that you don't see coming that usually gets you, and that is what has happened to the markets in both Europe and the United States.
MARTIN WALKER, UPI Editor Emeritus
Who just blinked?

Who just blinked?

As the markets soar on the news of the debt default deal in Washington, they might want to remember that nobody ever gave Nikita Khrushchev credit for saving the planet.
MARTIN WALKER, UPI Editor Emeritus

Euro's bigger Band-Aid

Confronted with an existential crisis for the euro, the European leaders in the early hours of Friday morning in Brussels kicked the can further down the road than usual.
MARTIN WALKER, UPI Editor Emeritus
It looks like 1914 again

It looks like 1914 again

This is how it must have felt in late July, 1914, as Europe careened blindly into a war that would shatter its wealth and its culture and nobody knew how to stop it.
MARTIN WALKER, UPI Editor Emeritus
Double dips and worse

Double dips and worse

China, the locomotive that has been driving the world economy, is slowing. And since the rest of the world is in no shape to compensate, a second recession or a very prolonged slowdown is starting to look inevitable.
MARTIN WALKER, UPI Editor Emeritus

Ireland bouncing back

With its exports up 10 percent over the year, and rising in each of the last 22 months, Ireland's real economy has more than made up for the crash of 2008-09.
MARTIN WALKER, UPI Editor Emeritus
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