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Brexit – an opportunity for the EU
Most discussions about the possibility of the United Kingdom leaving the European Union focus on its consequences for Britain. Fair enough. But there are also potential implications for the EU – and they are not all bad, writes Chief Economist Henrique Schneider of the Swiss Federation of Small and Medium ...
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Loose monetary policy could be on its way out
In March, the United States Federal Reserve kept its main interest rate on hold, while the European Central Bank cut its main interest rate to zero. The moves confirmed what investors already knew: the American and European economies still have plenty of weaknesses. But despite appearances, the Fed and the ...
Euro crisis: time for a rerun?
After Greece obtained its third bailout last summer, Europe turned its attention to other crises. But it would be naive to conclude that the sovereign debt crisis is over. The Greek drama is still far from a happy ending; in Portugal and Spain, fragile left-wing governments may want to abandon ...
Europe at a crossroads: toward a global strategy
The European Union plans to adopt a “Global Strategy” for its foreign and security policies (EGS) at its June 22 summit. The document is the result of years of reflection on the increasing complexity of Europe’s external relations and interconnections. A fundamental problem for the EU is that neither its ...
Cameron’s ‘blackmail’ offers a way out of migrant welfare bind
Immigration is one of the many pressing issues that European policymakers failed to resolve in 2015. Not only were they unable to arrive at a common view; they could not even agree to a consistent road map. Prime Minister David Cameron’s demands to limit welfare benefits and the threat of ...
