The ECB’s Costly Illusion: Rate Hikes That Do Not Reach Inflation
Central banks are again poised to raise rates against an oil-shock inflation — and again the costs will dwarf the effects.
How Europe’s fiscal rules are strangling growth
The 2024 Stability and Growth Pact reforms entrench austerity and stifle investment.
How to fight inflation without subsidizing bankers at taxpayer’s expense
Central banks are paying billions in interest to commercial banks through remunerated reserves.
Green money without inflation
Funding an ecological transition in Europe via ‘green money’ bonds would be economically justifiable.
Why Russia Is Politically And Militarily Strong But An Economic Dwarf
Last week I saw a surprising statistic: the GDP of Russia is of the same order of magnitude as the combined GDP of Belgium and
Bitcoin Is Not The Currency Of The Future
There seems to be no end in sight for the Bitcoin bubble. This comes close to the great bubble developments that we have known in
Why Facebook Should Be Taxed And How To Do It
The new information technologies have created a whole range of companies that have become extremely profitable. The most successful ones are in the list of
Catalonia And Brexit: The Same Nationalism
The British Prime Minister, David Cameron, will not enter the history books as an enlightened leader. However, when in 2014 he had to decide to
Brexit Creates Window Of Opportunities For The EU
The British government has officially started the “divorce” procedure from the European Union. This procedure must be completed within two years. In April 2019 the
How Far Should We Push Globalisation?
The discussions about CETA, the trade agreement between Canada and the European Union, have focused almost exclusively on two questions. They are important but certainly
The EU Should Take The Side Of The Losers Of Globalization
How should the European Union react to the decision of the British people to withdraw from the union? This is the question that is at
Why The European Union Will Benefit From Brexit
The discussions about Brexit have centered around the question of whether it is in the national interest of the United Kingdom to remain in the
Quantitative Easing (QE) And Public Investment
Since the start of this year the ECB has been applying “quantitative easing” (QE), i.e. a program injecting large amounts of money into the economy.
The Euro And Schengen: Common Flaws And Common Solutions
What do the Euro and Schengen have in common? Both are projects that have the same flaw: they’re unfinished business. And therefore they risk falling
Are Creditors Pushing Greece Deliberately Into Default?
The Greek drama has entered its endgame. The Greek government has to repay loans to the IMF and other public institutions in the near future
The Greek Election 2015 – Revolt Of The Debtors
The Greek debt crisis that erupted in 2010 is back and again threatens the stability of the Eurozone. That crisis was the result of two