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. […]
Developing countries face a double whammy, the health impact of the virus and their inability to pump out central bank money. Industrialised countries must come to the rescue, for the benefit of all Heiner Flassbeck […]
Ben Gummer, a former UK health secretary, now an Oxford history don, wrote a decade ago about the impact of the fourteenth century Black Death. The pandemic, however dreadful, will soon be forgotten by policymakers. […]
How deep will the crisis get? A lot depends on how countries will keep the economic machinery ticking over and combat those knee-jerk reactions to limit deficits, especially in Germany Heiner Flassbeck is an economist, […]
The Corona crisis means many core industries would have sunk without government help – a great opportunity perhaps to force a change of corporate governance and in some cases ownership too. David Shirreff is a […]
Heiner Flassbeck argues that to counter the economic shock of the crisis in the euro zone we need to break the rulebook set by the European Commission and German orthodoxy Heiner Flassbeck is an economist, […]
The Tax Justice Network ran a conference in early December connecting speakers from all over the world via their offices, living rooms and libraries. The reduction in carbon footprint – compared with flying 150 delegates […]
What would it take for Scots to make the transition from a ‘subject’ mentality to a ‘citizen’ mindset that could conceive something as radical and transformative as a written Constitution for an Independent Scottish Republic? […]
With only a few days into a new right-wing UK government, a minister has conceded that extra nurses in the publicly-funded National Health Service (NHS) won’t be in place for another decade. This admission has been […]
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