US President Barack Obama, wrapping up the G8 summit hosted at Camp David, says the euro zone crisis is threatening the world economy, but welcomes Europe's new focus on jobs and growth as a potential remedy. Mr Obama, whose re-election chances in November depend heavily on the US economy continuing to shake off recession, said there was now "an emerging consensus" that Europe ought to invest in job-creating infrastructure and other programmes at the same time as it tackles its deficits and debt.
In today's Washington Post, we explore the country’s half-formed recovery, looking at how we have produced many jobs but little wage growth. While flat wages are a well-explored feature of the recovery, many Americans have actually ... Read Post
A day when everything that could go wrong for the euro and eurozone has just gotten worse. Hours away from the completion of the summit, whose failure will unleash a nuclear bomb of serial downgrades by S&P (let along expose frauds ... Read Post