Members in the News

  • February 24, 2015

     

    In an interview with the Financial Times , Jean-Claude Trichet, G30 Chairman and former President of the European Central Bank speaks about the consequences of Greece leaving the eurozone. He argues that it would be a "big shock for the rest of Europe," countering those who say that it would be betterfor the Greeks to leave the monetary union now rather than during his tenure at the ECB. Mr. Trichet points out that since the global financial crisis, the number of eurozone countries has actually grown, noting the resilience of the political forces that hold the currency together.

  • February 12, 2015

     

    In an opinion piece for Project Syndicate, Adair Turner, Senior Fellow at the Institute for New Economic Thinking, discusses the role the Chinese economy is playing in intensifying deflationary headwinds. He argues that China’s economic growth strategy modeled off of Japan, South Korea, and Taiwan has proved ineffective because of their larger population. He argues that when the investment-phase in China ends, growth, both in China and around the world, are certain to slow down.

  • February 2, 2015

     

    In an opinion piece for Project Syndicate, Raghuram Rajan, Governor of the Reserve Bank of India, discusses the impact the global slowdown has had on India, and the necessary steps needed to promote economic prosperity. He argues that there should be efficiency-boosting investments, improvements in human capital, fiscal prudence, and a focus on keeping inflation low and stable.

  • January 30, 2015

     

    In an interview with Charlie Rose, Lawrence Summers, Charles W. Eliot professor at Harvard University discusses the economy and state of the world. He argues that there is a growing concern over deflation and low interest rates, while claiming that “we are in unchartered territory economically, driven by a lack of demand.”

  • January 28, 2015

     

    In an opinion piece for Project Syndicate, Martin Feldstein, Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, discusses the impact the recent ECB quantitative easing policy will have in the Eurozone. He cautions it will not be enough to boost real incomes, reduce unemployment, and lower government’s debt-to-GDP ratios.

     

  • January 20, 2015

     

    In an interview with CNBC, Axel Weber, chairman of UBS, speaks about the volatility of the market in 2015 and the state of the Swiss economy. Despite the expectation of the ECB announcing a form of quantitative easing, he warned that “something will give in the end.” In regards to the Swiss economy, he said that the country will experience an impact on growth with UBS downgrading their growth prospects for the next two years.

  • January 16, 2015

     

    In an interview in Handelsblatt, Christian Noyer, Governor of the Banque de France and member of the Governing Council of the ECB, discusses both the debt level in Greece and the Euro area. He argues that if a government bond buying program was in place, there should be a cap on the percentage of how much is bought, such that financing would primarily be undertaken by the private market. Noyer concludes with a reflection on the role the ECB should have in the future and on his second term as Governor.

  • January 2, 2015
  • In a Project Syndicate article, Kenneth Rogoff, Professor of Economics and Public Policy at Harvard University, discusses the effectiveness of economic sanctions considering the current state of world affairs. He points out that "the effects of sanctions are often fairly disappointing" but also argues that "sometimes sanctions do work," drawing on the successful sanctions used to help end apartheid in South Africa. Rogoff also comments on the economic and geopolitical situations in Russia and North Korea.
  • December 23, 2014
  • Adair Turner, Senior Fellow at the Institue for New Economic Thinking, writes about the cost of fossil fuels, the economy, and human welfare in a piece for Project Syndicate. He discusses the economics of alternative energies such as solar power, hydrogen, and biofuels. Furthermore, he argues that "we do not need fossil fuels to support propsperous economies."
  • December 9, 2014
  • It is with sadness that the Group notes that Karl Otto Pöhl, former President of the Bundesbank and former G30 Member, passed away on Tuesday. Pöhl headed the central bank from 1980-1991 and is credited with defeating the high inflation that hampered Germany in the 1970s and 80s. Pöhl will be remembered for his firm focus on price stability, independence, and growth.
  • Born in Hanover in 1929, Pöhl studied economics in Göttingen before becoming involved in government. He is survived by his four children. The leadership and members of the Group of Thirty well remember his active engagement as a member of the G30, and mourn his passing.

Member Publications

t
t
t