What Germany’s medium-term fiscal plan means for Europe
EU leniency on Germany’s fiscal plan highlights rule rigidity and the need for reform to support investment. Germany’s July 2025 medium-term fiscal-structural plan exposes the
Speaking of debt: Framing, guilt, and economic choices
In many Germanic languages, the word for ‘debt’ also means ‘guilt’. This column explores whether the linguistic overlap leads to greater debt aversion in Germany,
Geopolitical tensions and international financial fragmentation: The 28th Geneva Report on the World Economy
Rising geopolitical tensions now threaten the rules-based world order that has governed the functioning of the international monetary system since WWII with risks of geoeconomic
IMF sounds alarm about high global public debt, urges countries to build buffers
The IMF this week edged up its 2025 global growth forecast given a more benign impact from tariffs. Global public debt is projected to rise
Conditional budgeting: Striking a balance in EU economic governance
In July, the European Commission fired the starting gun on the negotiations of the next Multiannual Financial Framework – the EU’s budget. Against a tough
How the United States is eating Trump’s tariffs
Fed Chair Jerome Powell said tariffs accounted for perhaps 30-40 basis points of the latest core inflation reading of 2.9% but the effect should be
U.S. China trade tensions send Aussie sliding 1%, boost safe havens
Aussie slides as investors flock to safe-havens, yen strenghtens. The Australian dollar tumbled on Tuesday, while the safe-haven Swiss franc and Japanese yen strengthened as
The Great Divergence and the Great Reversal: A new approach to global economic history
The starkly different paths of economic and institutional development followed by China and the West is often attributed largely to the Industrial Revolution. This column
JPMorgan to invest up to $10 billion in US national security as part of $1.5 trillion pledge
JPMorgan Chase announced plans on Monday to hire bankers and invest up to $10 billion in U.S. companies considered critical to national security and economic resilience
Convergence, not alignment: EU-China climate relations ahead of COP30
Trade and other tensions between the European Union and China should not be allowed to derail joint work to cut emissions. The COP30 United Nations
