The Greek euro tragedy is reaching its final act: it is clear that either this year or next, Greece is highly likely to default on its debt and exit the eurozone.Like a doomed marriage, it is better to have rules for the inevitable breakup that make separa tion less costly to both sides.

As India’s battered currency fell to new lows this week, local television news talked of “carnage” on Dalal Street, the home of the Bombay Stock Exchange. But worried investors had a more pressing concern: just how much lower might the rupee fall?

Economic analysis, discussion and debate.

Economic analysis, discussion and debate.

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David Cameron, Britain’s prime minister, will on Thursday warn that the single European currency could unravel in a way that “carries huge risks for everyone” unless the eurozone’s 17 members move rapidly towards full fiscal and political union. “The

Greek President Karolos Papoulias was told by the nation’s central bank chief that financial institutions are worried about their survival as Greeks pull out euros amid a deepening political crisis.

The age of American global dominance is ending. In recent years, risky economic and foreign policies have steadily eroded the power structure in place since ...

After Greek voters rejected austerity in last week's election, plunging the country into a political crisis, Europe has been searching for a Plan B for Greece. It's time to admit that the EU/IMF rescue plan has failed. Greece's best hopes now lie in a retu rn to the drachma. By SPIEGEL Staff

Roubini Global Economics, LLC has revised itsTerms of UseandPrivacy Policy, effective October 1, 2009. A summary of the changes ishere. If you do not agree to these changes, please cancel your account immediately. Failure to cancel your account within 3 0 days of the first time this notice is presented to you will mean that you agree to the changes