In the last two weeks, the two crises confronting Europe – in Ukraine and Greece – both escalated. In each case, Germany and its chancellor, Angela Merkel, were at the…
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The eurozone has a German problem. Germany’s beggar-thy-neighbor policies and the broader crisis response that the country has led have proved disastrous. Seven years after the start of the crisis,…
In the wake of increasing inequality across the OECD area, public debate over policies of redistribution has become more intensive. Large parts of the populations affected feel uneasy about widening…
A few days ago the Italian government objected to the way that putative technocrats at the European Commission calculated their country’s “structural deficit”. To all but the few familiar with…
In 2014, the world economy remained stuck in the same rut that it has been in since emerging from the 2008 global financial crisis. Despite seemingly strong government action in…
With most advanced economies experiencing anemic recoveries from the 2008 financial crisis, their central banks have been forced to move from conventional monetary policy – reducing policy rates via open-market…
A world at peace depends on making knowledge which could be of military as well as commercial value a public good.
Eight years on from the global economic crisis, social inequality is rising in the majority of EU member states, according to recent studies. Even worse, the gap between the generations…
If authoritarian populism is rooted in economics, then the appropriate remedy is a populism of another kind—targeting economic injustice and inclusion—but pluralist in its politics and not necessarily damaging to democracy.
The 4th February late-night decision by the European Central Bank to reject Greek bank collateral for monetary policy operations will, I confidently predict, precipitate not just a run on Greek…
Branko Milanovic argues African countries are not powerless to influence the global economic debates that marginalise them.
During the long night of negotiations over Greece on July 12-13, something fundamental to the European Union cracked. Since then, Europeans have been living in a different kind of EU.…
The coronavirus crisis highlights the need to update the European welfare state to a social-ecological state, able to socialise 21st-century ecological risks.
The European Central Bank is under heavy attack in Germany, a country that has long prided itself on defending the principle of central-bank independence. Indeed, it was Germany that pushed…
Despite the unprecedented attention that income and wealth inequality has received in this year’s presidential campaign in the United States and in several recent elections in Europe, one cannot but…
The ECB has taken upon itself to challenge the Spanish government over a temporary tax on the profits of commercial banks.
Where can we find the most lucid compact description of the predicament of today’s European Union? In a powerful plea for its creation written nearly 80 years ago. In “The…