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Monetary policymakers are
becoming preoccupied with the risks of persistently low interest rates to Europe’s
still fragile economic recovery. Ultra-easy credit is creating growing economic
distortions and asset bubbles, while reviving volatility and risk in financial
markets. The European Central Bank realizes it must “normalize” rates, but it worries
that sudden tightening could precipitate a financial crisis that could be as
bad or worse than 2008-2009.
Professor Elisabeth Krecké
The euro has been remarkably
stable during its 15-year existence as a major currency. That has not always
been a good thing for the European economy. But the real concerns for the
single currency hinge on politics and survival.
Professor Enrico Colombatto
Professor Stefan Hedlund
Observers and politicians agree on only one thing about the European Union – that it will have to look different in five or ten years. Uncertainty about the future governance structure of the EU has never been so great. Radical scenarios of a ‘United States of Europe’ or of a return to a ‘European customs union’ both seem unlikely. However, there are many options o...
Dr. Michael Wohlgemuth
America is in a state of limbo as its political class waits for the results of the November presidential elections to give it direction. But as the Democrats and Republicans polarise opinion on whether there should be more government spending or less, the country faces a mounting debt burden of almost US$16 trillion - more than its GDP. The debt crises of European ...
Dr. Kim R. Holmes
The current situation of Germany’s federal fiscal affairs seems comfortable at first glance, but the future drain on the country’s budget is likely to be dramatic as Germany faces a demographic timebomb and future commitments. GIS expert Prof Dr Michael Wohlgemuth takes a look at the current situation and the future debt in the second of his four-part series.