Members in the News
- De Larosière Comments on Bretton Woods Transcripts
- March 29, 2013
Group of Thirty emeritus member Jacques de Larosière offers insight into the recently released Bretton Woods transcripts. De Larosière sets the scene for this historic conference, providing brief commentary on both participants and their discussions.
- Trichet Comments on Future of Eurozone
- March 20, 2013
In a recent opinion piece in the New York Times, Chairman of the Group of Thirty, Jean-Claude Trichet, argues what we are witnessing in Europe is "a global crisis of the advanced economies" with the "epicenter of sovereign tensions" within the eurozone. He applauds the efforts of European governments and the ECB in maintaining stability within the area and states the success of the eurozone will depend on its effectiveness in creating a political union.
- Feldstein argues in Favor of Cap on Tax Deductions
- March 14, 2013
In his most recent opinion piece in the Washington Post, Group of Thirty member Martin Feldstein stated that instituting a two percent cap on tax deductions would serve as an alternate way to curtail government spending. If enacted, the tax policy, he argues, would result in a $2.1 trillion deficit reduction over the next decade.
Coverage of the G30's Latest Report
- February 13, 2013
On February 11th, the Group of Thirty released its latest report on long-term finance in London. Below, please find links to various TV news coverage of the release:
- Jean-Claude Trichet (Bloomberg)
- Adair Turner (Bloomberg)
- BBC Radio
- Adair Turner (CNBC)
- Carney Says Banks Should Focus on Customers
- February 27, 2013
In a recent speech at the Ivey business school at Western University in London, Ontario, Group of Thirty member Mark Carney said banks should focus on rebuilding trust in their institutions. He calls on banks to actively embrace regulatory reform to promote confidence within the banking industry.
- Hildebrand says No Such Thing as Global Currency War
- February 20, 2013
In a recent opinion piece in the Financial Times, Group of Thirty member Philipp Hildebrand argues that central bank monetary policies are not aimed to spark currency wars. Rather, he counters, policies are enacted based on domestic needs to address stagnant demand and high unemployment. Any unconventional methods are "consistent with their domestic mandates."
- Rajan receives Deutsche Bank Prize in Financial Economics 2013
- February 6, 2013
The Center for Financial Studies (CFS) has awarded the Deutsche Bank Prize in Financial Economics to Group of Thirty member Raghuram G. Rajan for his influential contributions in economics.
- Rogoff states US debt should be a concern
- January 30, 2013
In a recent opinion piece in the Financial Times, Group of Thirty member Kenneth Rogoff argues the debt crisis is created by more than concern over high debt levels or rising entitlement payment costs. The crisis itself signifies a growing divide within the country over how to direct policy "compounded by changing demographics and sustained sluggish growth". Rogoff says the crisis will force America to make difficult decisions on fundamental issues such it's role as the global policeman, and which services the private sector should offer versus the public sector, among others.
- Summers comments on Deficit
- January 23, 2013
In a recent opinion piece in the Financial Times, Group of Thirty member, Larry Summers argues that too much focus on the deficit is preventing the government from investing in programs that would benefit the long term health of the country. While Summers agrees that addressing the deficit is necessary, he argues that it should not preclude measures that would lower job and growth deficits.
- Paul Krugman Argues against the Effectiveness of Austerity
- January 11, 2013
In a recent opinion piece in the New York Times, Group of Thirty member Paul Krugman states recent emphasis on austerity measures have contributed to prolonged recessions globally. As governments have increased spending to boost the private sector, their efforts have been derailed by growing debt figures. However, Krugman argues that by attempting to address these debt problems during recessionary periods, countries have only further delayed their own economic recoveries.
Guillermo de la Dehesa discusses design and management failures that contributed to the economic crisis facing the eurozone.
This publication examines short-term and long-term solutions to ensure the future outlook of the European single currency.
- Toward Effective Governance of Financial Institutions
Drawing lessons from the financial crisis, the G30 calls on boards of directors of financial institutions to do far more to strengthen governance. The report stresses that the key to reform is to promote changes in the ways in which individuals think about their responsibilities.