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Covid-19 chaos is the IMF’s biggest test ever

Finance ministers and central-bank governors logging in for this week’s virtual meetings of the International Monetary Fund (IMF) and World Bank will say the right thing, promising to work together to confront the economic fallout of the coronavirus. The question is whether they will do the right thing and take concrete steps to allow the necessary cooperation and coordination. Many ...

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Can Donald Trump delay the presidential election?

It is alarming, to say the least, that people are even asking this question: Does President Donald Trump have the legal authority to postpone or cancel the 2020 presidential election? The answer is entirely clear: He does not. Start with the Constitution itself: “The Congress may determine the Time of choosing the Electors, and the Day on which they shall ...

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EU’s pandemic failure isn’t just about money

A “great day for European solidarity” is how Germany’s finance minister described last week’s $590 billion euro-area virus rescue package, clinched even as Europe’s North and South haggle over the cost of cleaning up the economic wreckage left by Covid-19. The package would allow countries to borrow from the euro region’s rescue fund, the European Stability Mechanism, for health-care spending ...

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