Italy’s new coalition – a necessary disruption?
The coalition government finally announced by Italy’s two euroskeptic parties is being bemoaned in Europe as right-wing and populist, turning Italy into a threat to the entire eurozone. But its predecessors in Rome were the ones who put the country in its current financial quandary.
Opinion: The day Europe goes bankrupt
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.
Italy’s 50-year bond: an ill omen?
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 prospects.
The Panama Papers’ sobering lessons
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.
Eurozone’s road to political union looks like a mirage
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 ...
Eurozone deadlock over Greek bailout
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. ...
Geopolitics: Global economic leadership - a shift from the West?
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...