Filter by region
You may not be able to
see it, but Europe’s biggest economies have piled up enormous amounts of pension
debt. The European Central Bank’s policy of target credits and quantitative
easing has only made things worse. With politicians seemingly determined not to
notice, a systemic implosion may be inevitable.
Prince Michael of Liechtenstein
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.
President Jean-Claude Juncker came up with an uninspiring set of scenarios in
his latest White Paper. But the debate it kicks off, to be continued at the
Rome Summit on March 25, could present a real chance to reorganize the European
Union and make it more competitive.
Dr. Uwe Nerlich
The future of the Schengen area, one of the crowning
achievements of European integration, is increasingly clouded as European Union
member states are imposing temporary border restrictions to stave off perceived
security threats from migrants and terrorists. The economic cost of dropping
Schengen could be debilitating, but the path to a full return of the
control-free zone is strewn with formidable obstacles.
Dr. Emmanuel Martin
French President Nicolas Sarkozy finally threw his hat into the ring for the April presidential election as most figures spelled out bad news for the economy, job losses and unemployment. Ratings agency Moody's gave France a negative outlook in the mid-term and figures showed a huge trade deficit for 2011 even though the economy grew by 1.7 per cent.
World economies have been buffeted for more than a year by the debt and banking crises in Europe and the United States. Here GIS economics expert, Professor Dr. Christoph Schaltegger, suggests New Year resolutions to stabilise the economies. He proposes economic reform and ways of creating an orderly exit from the eurozone. ...
Dr. Christoph Schaltegger