Last year’s agreement on an EU recovery package was widely celebrated. This year its inadequacy will sink in.
Adam Tooze argues that the frail eurozone recovery hinges entirely on its guarantee by the European Central Bank.
Adam Tooze assesses the significance of China’s goal-setting for climate neutrality.
Adam Tooze argues that worrying about the euro exchange rate and a non-existent inflation enemy in Europe must give way to fiscal and monetary demand boosts.
Adam Tooze argues the European Green Deal and young Europeans’ activism are fostering a virtuous circle favouring more rapid decarbonisation.
As another sovereign-debt crisis looms, Adam Tooze warns against repeating the mistake of delegating to anonymised ‘markets’ accountable political choices.
The Eurogroup’s decision to reject corona bonds will leave destabilising political scars.
There has been little honest reflection within the European Commission about the eurozone crisis. Until now.
Adam Tooze stresses that the critical COP26 conference later this year hinges on European unity and radical leadership.
Adam Tooze dissects how the macroeconomic policy discourse is disabling necessary German, and European, steps forward.
Much was expected of the new climate package negotiated by the grand-coalition government in Berlin. Less was delivered.
Europe must get beyond seeing the head of the IMF as part of the spoils from Bretton Woods.
The eurozone muddled through its crisis at Germany’s behest. The climate emergency is much too serious for that.
Adam Tooze explains how a false exactitude in economics has led to a terrible politics in the EU.
The eurozone remains mired in unemployment while the European Central Bank targets only inflation. Adam Tooze begins a series of Social Europe columns by explaining the hidden history of the Fed’s more successful dual mandate. In January 2013 the US Federal Reserve made a remarkable statement. It announced that it would ramp up its monetary […]