There is no return to pre-crisis normality. The new lessons must be learned quickly, otherwise an economic catastrophe is imminent. The course must now be set correctly, especially with regard to debts and wages. Heiner […]
Germany’s new coronavirus stimulus package is wide of the mark, taking little account of the impact on investment, unemployment and loss of export income. Heiner Flassbeck is an economist, as well as publisher and editor […]
A review of “Extreme Economies” by Richard Davies, which explores economic realities in some of the world’s worst-hit regions Ann Pettifor is a Director of Policy Research in Macroeconomics (PRIME) and a Council Member of […]
An international fire brigade – one way of looking at the European Central Bank – should brook no interference at the national level when it turns on its fire hose. Its ultimate arbiter is the […]
The virus confirms that the world needs rules for living together—but not the arbitrary rules we’ve got. For the good of the economy as much as anything else, the focus must shift from investment and […]
Germany’s Federal Constitutional Court can’t be blamed too heavily for flouting higher European law. The mindset of the country’s entire political elite needs further education on the function of sovereign indebtedness. Heiner Flassbeck is an […]
This crisis is a chance to rebuild our economy for the good of humanity. Let’s bail out the living world, not its destroyers. Read here
The surprising number of coronavirus deaths in Scottish care homes conceals a greater scandal about the hollowing out of the the UK National Health Service. The 1996 privatisation of care homes was described by Allyson […]
Forget mutualised euro bonds. Only giant wealth transfers within the euro zone, and a cap on sovereign spreads, can reduce the shock to heavily indebted nations such as Italy over the long term. PierGiorgio Gawronski […]
Let’s explode the myth that a surplus economy is good and a deficit economy is bad. The euro zone will work only if deficit (South) countries can borrow to keep the surplus (North) countries trading. […]
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