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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
What’s not to like about
Italy’s first-ever 50-year bond? October’s brilliantly successful sale may set
the template for other eurozone governments. But investors should take note
that it was far from a vote of confidence in Europe’s financial and economic
Professor Enrico Colombatto
The Panama Papers scandal of April 2016, in which scores of prominent people, including heads of state, were identified as connected to offshore companies in the world’s best-known tax havens, invites one general observation and raises two important issues.
It is commonly argued that at its heart, the European Union’s Economic and Monetary Union is a political project. Many therefore claim that its difficulties stem from a lack of political union, since EU officials have offered no coherent view on how to achieve one. Paris and Berlin both have ideas, but they ignore the fact that giving greater powers to Brussels is ...
Dr. Michael Wohlgemuth
Dr. Emmanuel Martin
Eurozone finance ministers and the International Monetary Fund failed to agree on delivering the next tranche of bailout money to save Greece’s economy from bankruptcy. The Greek government is more fragile than ever with a wafer thin majority and at all-time low poll ratings after scraping through the latest austerity measures.
While the global financial crisis causes havoc in the world economy, the role of global leader has gradually, but quite definitely, slipped from the grasp of Western Europe and North America. But which country has the strength and credibility to take up the mantle – and what profound changes are likely to follow? asks GIS expert Professor Stefan Hedlund in this spe...
Professor Stefan Hedlund