fiscal policy
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Scenarios for Georgieva’s leadership of the IMF
The new head of the IMF, Kristalina Georgieva, has some novel plans for the future of her organization. She wants to redefine its core aims to address climate change, economic fairness and gender equality. If she achieves her mission, the IMF could transform from a tough, economic reform-minded lender of last resort to a definer of global morality, with all of the repercussions that would come with such a change.
Leadership Challenges 2020: France and the sociology of bad governance
In France’s ideal republican model, the enlightened elite lead the public toward a unified, egalitarian system. The model is corrupted, however, with the some “more equal” than others, and increasing centralization causing distrust within society. The result is a lack of accountability for those governing, which has led to increasing ...
Argentina: Again on the brink of default
Under President Mauricio Macri, Argentina has fallen into economic crisis once again. Last month, Argentines elected a new president, Alberto Fernandez, with former President Cristina Fernandez de Kirchner as his running mate. To end the downward spiral, Mr. Fernandez will have to deftly navigate a complicated political scene and overcome ...
The euro and the German constitution
Two legal challenges to the EU central bank’s most controversial policies have been working their way through Germany’s Federal Court of Justice, the country’s supreme court equivalent. In one of the cases, the justices in Karlsruhe already ruled that the authority of the EU Banking Union ought to be limited. ...
EU elections shake the stability of Italy’s coalition
The European Parliament elections in May upended the balance of support for the parties in Italy's coalition government, with Lega far outpacing the Five Star Movement. Moreover, the country's budget imbalances increasingly require solutions that will be politically unpopular. Rank-and-file members of both parties could benefit from new elections, but ...
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