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Financial Times (FT) The McCarville Report Online Economists' Forum Global economic recovery stuck below takeoff speed By Eswar Prasad and Karim Foda The global economic recovery remains stuck below takeoff speed, unable to achieve liftoff and facing the risk of stalling. Half-hearted fiscal austerity measures are proving to be a drag on growth and doing little to rebuild investor and consumer confidence. Monetary policy continues to shoulder the burden of limiting downside risks and has kept financial markets buoyant even in the face of weak growth prospects. The Brookings-FT Tiger index shows growth momentum remains weak in nearly all major advanced and emerging market economies. Read more GDP-linked bonds: a solution for Cyprus By Lenos Trigeorgis EU politicians have been locked in myopic and often self-defeating policies regarding bailout of troubled eurozone countries. An alternative would be to tie the coupon paid on rescue loans to the growth of the country’s economy. A new approach to corporate taxation By Michael Pomerleano By Professor Simon Deakin