Foreign opinion
The Great Recession that beset in 2008 and the ongoing European sovereign debt crisis pose serious challenges to global financial institutions. In this exclusive interview for the Russian Council
Daniel W. Drezner
, Professor of International Politics at Tufts University, assesses the effectiveness of global financial structures ...
The present crisis in the eurozone is caused in many respects by the political commitment of the movers of this ambitious experiment as well as by the lost opportunities of some of its members which have been participating in the structural reforming of their national ...
... David, Maryland, United States, on 18–19 May 2012. Not much was expected from this summit, even though this was not connected with the fact that Vladimir Putin did not go there. The world is frozen in anticipation of the outcome of the Greek debt crisis. Neither sovereign wealth funds, nor central banks of major powers are conducting major operations: all are waiting for the outcome of the eurozone fate.
G8 are waiting for agreement on the Greek issue, and further developments. Strictly speaking,...