Europe’s Dream: Escaping the Dictatorship of the Dollar
Trump’s hostile behavior is reinvigorating efforts to turn the euro into an alternative to the world’s dominant currency. If only the Europeans could find some way to do it.
Egypt’s Economy Isn’t Booming, It’s Collapsing.
Abdel Fattah al-Sisi has sold his country as an investment destination with the IMF’s help—but the living standards of ordinary Egyptians are plummeting as elites line their pockets.
India’s $7 Billion Election
How the vote got so expensive, and what it says about the country’s democracy.
This Banking Fraud Shows How Shady China’s Economy Remains
Beijing promises reforms, but won't take the steps that really matter.
Neo-Nazis Bet Big on Bitcoin (And Lost)
How the far-right's failed cryptocurrency gamble became a bad joke for the Christchurch killer.
Paraguay Is a Fiscal Paradise for Terrorists
The South American country needs to do a better job patrolling its financial system—or face the consequences.
Forget Bitcoin, Try Your Mattress
Cryptocurrency is about as safe as keeping your money in a sock under someone else’s bed.
Can a New Currency End Tehran’s Economic Woes?
The Central Bank of Iran wants to take four zeros off the rial—but redenomination won’t work miracles.
Welcome to the World’s Least Ugly Economy
Despite inequality, debt, and a tariff war, the U.S. economy is still the strongest.
Erdogan’s Anti-Semitism Will Sink Turkey’s Economy
The Turkish president’s racist conspiracy theories are a threat to economic stability.
Sanctions Are Just the Beginning for Iran
The economic blow to Tehran will be compounded if it fails to comply with global financial transparency rules.
Trump Administration Gives Sudan a Way to Come in From the Cold
The United States should stop listing Sudan as a state sponsor of terrorism, Sudanese foreign minister tells FP, as Khartoum seeks to boost its crumbling economy.
Financial Crimes and Punishment
China is now in charge of one of the world’s most important watchdogs. Here’s how it is treating allies like Pakistan.
African Governments Are Paying for the World Bank’s Mauritius Miracle
Ghost offices on the small island provide legal but questionable means of siphoning tax dollars away from poor countries and into the pockets of the global elite.
The Danske Bank Scandal Is the Tip of the Iceberg
Financial institutions and the governments that regulate them aren’t doing nearly enough to prevent money laundering.
A No-Deal Brexit Will Destroy the British Economy
The magical wing of the Conservative Party believes that Britain can crash out of the European Union painlessly. It is leading the country into a recession.
How the Tariff War Could Turn Into the Next Lehman
A decade on, we still don’t get the deeper interconnections in the global economic system—or how it could blow up again.
The European Union needs to defend its economic sovereignty from U.S. overreach. Creating its own agency for sanctions enforcement would be a start.