Not long ago, EU leaders were talking about a grand bargain to reform their currency union. It isn’t happening. Europe’s finance ministers have just approved a package of reforms to strengthen the monetary union. Their plan falls far short of what’s needed. The new proposals aren’t worthless — any steps to better equip the euro zone to deal with the ...

India’s government is conducting a dangerous experiment in economic management. This week, following renewed pressure to conform to the government’s thinking, the head of the Reserve Bank of India (RBI), Urjit Patel, resigned, citing “personal reasons.” Prime Minister Narendra Modi’s officials have challenged the RBI’s operational independence before, but their latest effort marks a significant escalation. It’s a pattern seen ...

The “will they, won’t they” chatter over China’s car tariffs misses where the real action is for automakers. Confusion has abounded over the deal struck between US President Donald Trump and his Chinese counterpart Xi Jinping. Trump tweeted that China was reducing and removing its 40 percent tariffs on US car imports – two very different things. Car stocks rallied ...