Middle Income Countries and Multilateral Development Banks Traps on the Way to Graduation

European stock markets are booming, and the European Commission has just upgraded its GDP growth forecasts for this year and next. In 2016, the eurozone could grow faster than the United States. And this is all happening even as the Greek drama approaches its cathartic moment, leading some to speculate that the euro crisis is nearing its end, with or without Greece. Is it? To answer this vital question, ignore the politics for a moment and focus on economic fundamentals. A look at ...