The Federal Reserve just announced that it would buy $600 billion in government bonds over the next eight months. Some say it isn't enough, others say it could ruin the world's financial system, and the Fed says it's just right.
The scion of a socialist political dynasty, son of one prime minister and grandson of another, George Papandreou has also inherited the unwelcome task of bringing Greece's sinking economy back from the depths of the Aegean. Here, he explains how Greeks are more stoic than you think, that Europe isn't the problem -- and why markets are not gods.
The Greek prime minister has gone from leader of the socialist party to wielding the axe against entitlements -- and his long journey has just begun. In an exclusive interview, George Papandreou looks to the future and talks to FP about the Herculean tasks ahead.
French President Nicolas Sarkozy and German Chancellor Angela Merkel have long had a testy relationship, but at the EU Summit they'll need to patch things up quickly to save the union -- and possibly their own governments.
As the Greek economy threatens to spin out of control, the former chief economist of the International Monetary Fund discusses the roots of the crisis, and what it means for the future of the European Union.
A rare, in-depth look at what the kingdom's citizens really believe on hot-button issues ranging from military action against Iran to al Qaeda to the state of their cloistered country's economic and political life.