It will take bold action from Europe to avert disaster. Three years after the start of the worst global financial crisis since World War II, clear signs of economic expansion have yet to emerge. On the contrary, many industrialized countries continue to revise down their forecasts for economic growth. Predictions for international trade volume are also being lowered. Sovereign-debt ratings... Continue Reading
Ting Xu is a senior project manager at the Washington, DC-based Bertelsmann Foundation.