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By MARTIN WALKER, UPI Editor Emeritus
PARIS, Dec. 31 (UPI) -- The new year is not beginning well and challenges -- including food security, economies and political upheaval -- face the Earth.
By MARTIN WALKER, UPI Editor Emeritus
WASHINGTON, Dec. 17 (UPI) -- The European Union and the United States have revived the venerable scheme of a free trade pact between the two giants of the global economy.
By MARTIN WALKER, UPI Editor Emeritus
LONDON, Dec. 10 (UPI) -- It will take something close to a miracle to stop average temperatures rising more than 2 degrees and sea level rise down to 3 feet because of climate change.
By MARTIN WALKER, UPI Editor Emeritus
PARIS, Dec. 3 (UPI) -- The downgrading of its debt by Moody's led to a further downgrade of the eurozone's two bailout funds. France is becoming part of the euro's problem, rather than part of a solution.
By MARTIN WALKER, UPI Editor Emeritus
VIENNA, Nov. 26 (UPI) -- Britain found key allies in Germany, Holland and Sweden to support its call for real cuts in planned future spending during talks on the next EU budget.
By MARTIN WALKER, UPI Editor Emeritus
LONDON, Nov. 19 (UPI) -- With a lot of major events grabbing attention, one big story not in the forefront is Japan, which could be gestating the next global disaster.
By MARTIN WALKER, UPI Editor Emeritus
LONDON, Nov. 12 (UPI) -- Driven by bad wheat and a serious collapse the Siberian harvest, world wheat prices and are once more flirting with those panic prices of 2007 and 2008.
The German choice
By MARTIN WALKER, UPI Editor Emeritus
BERLIN, Nov. 5 (UPI) -- German Chancellor Angela Merkel tells a regional party congress in Pomerania they should expect the euro crisis to grind on "for another five years or more."
By MARTIN WALKER, UPI Editor Emeritus
ZURICH, Switzerland, Oct. 29 (UPI) -- It should come as no surprise to Americans that most Europeans are hoping that Obama wins re-election. This is not because he has been good for Europe.
By MARTIN WALKER, UPI Editor Emeritus
ZURICH, Switzerland, Oct. 20 (UPI) -- Chancellor Angela Merkel's German government has reportedly decided that it will do what is required to keep Greece in the euro but are giving up on keeping Britain the European Union.
Why the IMF was wrong
By MARTIN WALKER, UPI Editor Emeritus
FRANKFURT, Germany, Oct. 15 (UPI) -- Economic analysis has been dominated by the Keynesians, who want more government stimulus spending, and the followers of Hayek, who insist on cutting public spending. But perhaps we should be listening to the French.
By MARTIN WALKER, UPI Editor Emeritus
FRANKFURT, Germany, Oct. 8 (UPI) -- The complexity of the way the euro has been coming apart at the seams is now matched by the even more highly charged way that the states of Europe seem to be following suit.
By MARTIN WALKER, UPI Editor Emeritus
WASHINGTON, Oct. 1 (UPI) -- Some very smart people in Europe believe that the bitter medicine of austerity not only can work but that it is working.
By MARTIN WALKER, UPI Editor Emeritus
ZURICH, Switzerland, Sept. 24 (UPI) -- It may be the darkest hour before the dawn but the economic news from Europe could hardly be more depressing for European Central Bank head Mario Draghi.
Central Banks Rule
By MARTIN WALKER, UPI Editor Emeritus
LISBON, Portugal, Sept. 17 (UPI) -- Actions of the European Central Bank and the Federal Reserve in the United States exemplify the new reality that when politicians can't or won't act, central bankers will.
By MARTIN WALKER, UPI Editor Emeritus
GENEVA, Switzerland, Sept. 10 (UPI) -- Despite the market euphoria and the tumbling of debt yields in Spain and Italy, there are three reasons to fear that the euro crisis is far from over.
Three bad signs
By MARTIN WALKER, UPI Editor Emeritus
PARIS, Sept. 4 (UPI) -- There have been striking developments in different parts of the world in recent days, each of them with sobering implications for the global economy. Taken together, the prognosis is grim.
By MARTIN WALKER, UPI Editor Emeritus
PARIS, Aug. 27 (UPI) -- Beware the ides of September, which promises to be a critical month for the future of Europe and the euro
The return of euro crisis
By MARTIN WALKER, UPI Editor Emeritus
PARIS, Aug. 20 (UPI) -- Vacation and the Olympic period in Europe is ending the officials are returning to work to find the euro crisis hasn't gone away.
Why Pistorius matters
By MARTIN WALKER, UPI Editor Emeritus
PARIS, Aug. 13 (UPI) -- The real significance of the 2012 Olympics may well be in the appearance of Oscar Pistorius and what that means for scientific advances.
By MARTIN WALKER, UPI Editor Emeritus
PARIS, Aug. 6 (UPI) -- Just five years ago, the financial crisis started when the American Home Mortgage Investment Corp. filed for bankruptcy. The curse of August had struck again.
The euro at bay -- again
By MARTIN WALKER, UPI Editor Emeritus
PARIS, July 30 (UPI) -- You know a crisis is about to burst open when U.S. Treasury Secretary Timothy Geithner flies in unexpectedly to meet German and European financial officials.
By MARTIN WALKER, UPI Editor Emeritus
WASHINGTON, July 23 (UPI) -- Europe's rescue of Spain was going to very tight but just about possible to keep the show on the road for the rest of the year but then came Valencia.
By MARTIN WALKER, UPI Editor Emeritus
PARIS, July 16 (UPI) -- U.S. corn traders, Spanish miners, Russian farmers and German judges are twirling together in a dance that reminds us that all aspects of the global economy are ever more mutually dependent.
By MARTIN WALKER, UPI Editor Emeritus
PARIS, July 9 (UPI) -- The global economy is in such a state that we shall be lucky if the world simply runs flat economically for the rest of the year.
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Iranians celebrate the qualification of  their soccer team  for 2014 World Cup
View Caption
Iranian women flash the victory sign during a street celebration in Tehran, Iran on June 18, 2013. The Iranian national soccer team defeated South Korea in their 2014 FIFA World Cup qualifying soccer match in Ulsan, South Korea. UPI/Maryam Rahmanian .