Like zombies, eurozone states are lurching towards their next financial emergency
A slow-burning crisis in which insolvent banks prop up insolvent businesses is a dangerous – and very real – possibility.
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Economy
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Economy
Today’s global economy may look like that of the 1970s, but the crises we face are worse
Drawing parallels between recent price shocks and the fiscal turbulence of 50 years ago is misleading.
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Italy is too large to save but cannot be left to fail. Eventually, something has to give
While Giorgia Meloni claims she wants her country to stay in the eurozone, its deep economic problems might pull her…
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The age of hyper-globalisation is ending
As competing geopolitical blocs emerge, countries are increasingly turning to regional allies for trade and financial security.
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Where did America’s recession go?
Six months ago US business executives were warning of an approaching economic “hurricane”, but it has failed to materialise –…
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Germany is isolated once more – and no one now trusts Olaf Scholz
For Europe, the German chancellor’s first year in office has been a series of broken promises and fractured relationships.
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As globalisation fragments, politics is again reigning supreme over economics
The golden age of macroeconomists’ influence is over. But don’t expect establishment macro to go quietly.
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Politicians fixated on growth have led Britain into chaos
Leaders must accept that the old economic regime is over, or face further disgrace.
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