The Italian Non-performing Loans Problem And Europe
The narrative about Eurozone problems is often – and rightly – focused on the Italian banks’ troubles, burdened as they are by €338 billion of
Economy
Analysis and debate on the European economy: growth and investment, fiscal and monetary policy, trade, industry and inequality.
Why Issuing Fiscal Money Could Help Exit The Italian (And Eurozone) Crisis
Fiscal Money is the most suitable instrument – and perhaps the only one – to overcome Italy’s serious and enduring crisis. The Fiscal Money project
Smart Schäuble’s Stupid Selfish Economics
At a conference in Berlin on 29 June, the German Finance Minister, Wolfgang Schäuble, when asked about the situation of Deutsche Bank, said he was
Inequality: What Can Be Done About It?
Tony Atkinson, good morning and thank you very much for joining us today. Good morning. You have been working and researching the topic of inequality
Germany’s Debt Brake Is Not A Model For Europe
My IMK colleagues Christoph Paetz, Katja Rietzler and Achim Truger have just issued an important analysis of experience with the German Schuldenbremse (debt brake) since
The Euro: Why Joseph Stiglitz Is Wrong
Joseph Stiglitz, American economist and winner of the Nobel Prize in Economics, has come out with a new book, The Euro: How a Common Currency
The Real Issues Of The Eurozone And How To Solve Them
Joe Stiglitz, thank you very much for joining us today. Let’s dive in right at the deep end. People might be forgiven for not following
On Apple Tax, State Must Side With Its Citizens
It is widely agreed that globalisation has brought immense benefits. But it is also recognised that these benefits are not equally distributed. Last week’s Apple
Monetary Policy Post Brexit: More Of The Same And Why It Will Not Work
The UK (and maybe the world) faces severe and worsening economic conditions due to Brexit. Many commentators do not seem to understand that there are
Why The Apple Tax Bill Is Not Protectionism
International conflicts are inevitable when governments challenge the excesses of multinational corporations. Emotions are running high after the EU commission ordered the Irish government to
Using The CETA To Move Towards A Social And Environment-Friendly Globalisation
Economic globalisation has accelerated enormously. With the advances in information technology and international trade policies, it now permeates almost every sector of the economy as
Saving The EU From The Euro, The Most Extreme Neo-Liberal Trap
The Ventotene summit among Prime Minister Renzi, Chancellor Merkel and President Hollande took place recently. Crucial issues were on the agenda: the geo-political conflicts at
The Scarecrow Of National Debt
Most people are more worried by government debt than about taxation. “But it’s trillions” a friend of mine recently expostulated about the United Kingdom’s national
The Halt In Global Trade Growth And The Rise Of Neo-Mercantilism
The process of globalization is in retreat. The latest victim of the global economic slowdown is international trade: after tumultuous growth in the last 26
A Brief History Of (In)equality
The Berkeley economist Barry Eichengreen recently gave a talk in Lisbon about inequality that demonstrated one of the virtues of being a scholar of economic
The Popular Revolt Against Globalization And The Abdication Of The Left
As the world reels from the Brexit shock, it is dawning on economists and policymakers that they severely underestimated the political fragility of the current