February, 2012
On the international stage, Flaherty acts on principle
As The Globe and Mail's Kevin Carmichael reports from Mexico on the G20, he references the CIGI-INET conference "Sovereign Debtors in Distress."
G20 rejects contribution to European bailout
In an interview with Kevin Carmichael of The Globe and Mail, CIGI Executive Director Thomas Bernes comments on the need for a more systemic approach to dealing with sovereign-debt. He says the European debt crisis shows that “lessons of the past have not been learned.”
Mexico has the G20 on the right track
In an op-ed to The Ottawa Citizen, CIGI Distinguished Fellow Gordon Smith argues that the Mexican government's hosting of the first ever meeting of G20 foreign ministers "is an important initiative and...deserves congratulations."
EU at stalemate over oilsands labelling
An important vote at the European Union Parliament over the labelling and classification of Canada's oilsands crude has resulted in a stalemate. CBC Radio's Eyeopener host David Gray discusses the issue with CIGI Senior Fellow Debra Steger.
Latin America, India's next big thing?
In an op-ed published by The Hindu, CIGI Distinguished Fellow Jorge Heine argues that economic opportunities, not wishful thinking, will drive South-South cooperation.
Greece’s moment of truth and the G20’s challenge
Jim Haley, director of the global economy program at CIGI, argues in The Globe and Mail that G20 finance ministers and central bank governors "should reflect on the opportunity to fill a basic gap in the governance of the global capital market that was lost a decade ago and resolve to do better."
EU unlikely to get much help from G20
“Agreeing to offer help too quickly only weakens the incentive on governments to do what needs to be done,” says CIGI's Director of Global Economy James Haley, commenting on the possibility of a G20 intervention in the European debt crisis.
World Bank nominees must come from emerging economies
There is a great deal of talent in the developing world that would be well suited and well qualified for consideration," CIGI fellows Bessma Momani and Xenia Menzies argue, in calling for reforms to the selection process for the World Bank president.
CIGI-INET conference convenes leading global experts to discuss managing and resolving sovereign debt crises
CIGI and the Institute for New Economic Thinking (INET) invite media to register for the conference, Sovereign Debtors in Distress: Are Our Institutions Up to the Challenge?, being held February 24-26, 2012, at CIGI’s Waterloo headquarters.
Lula for World Bank
In a piece for The Financial Times, CIGI Senior Fellow Gregory Chin argues that "there are other clear alternatives" to automatically selecting an American as the next head of the World Bank.
Reports of Cheap Oil's Death Are Not Greatly Exaggerated
With new sources and methods of global petroleum production coming on stream — shale fracking, ultra-deepwater drilling and new fields in Africa, to name a few — some energy analysts have argued that reports of the death of cheap oil have been greatly exaggerated. In this week's CIGI Interview, Thomas Homer-Dixon takes issue with these "oil optimists," saying that the petroleum our global economy can afford to consume is indeed running out, and that we need to be much more aggressive in developing alternative energy sources.
Zoellick resignation reignites debate over Western leadership
“If they allow this to go through this time, the IMF and World Bank will perpetually be in U.S. hands,” CIGI Senior Fellow Bessma Momani says of the presumed US appointment of the next president of the World Bank.