Draghi lights up Europe once again
“These events – Ukraine, customs duties, etc. – have put an end to any illusion that the economic dimension alone would be able to guarantee any form of geopolitical power.”…
A dynamic and cyclical approach to the global economy
“These events – Ukraine, customs duties, etc. – have put an end to any illusion that the economic dimension alone would be able to guarantee any form of geopolitical power.”…
Tonight in Jackson Hole, Jay Powell will deliver his final speech in this central bankers’ lair. It’s often an important venue for getting messages across. Draghi, Bernanke, Yellen, and even…
The government’s commitment in the 2026 budget is a deficit of 4.6% of GDP compared to 5.4% in 2025. A saving of almost 44 billion compared to 2025.The long-term goal…
Europe’s strategy changed rapidly during the summer. The Draghi report had generated enthusiasm about Europe’s ability to become more self-sufficient in generating new revenues. Insufficient innovation was the key to…
The new school year is upon us, and with it a whole series of questions about the evolution of the global economy and each of its components. As a European,…
Culture is the key to understanding the process that led to the Industrial Revolution. This is the theme of Joel Mokyr’s book, “The Culture of Growth.” His message is that…
The Middle Kingdom was the focus of Donald Trump’s attention upon his arrival at the White House, with threats of brutal sanctions. This is no longer the case. By extending…
During globalization, the world was economic. With the pandemic, it has become political.Political preferences now condition economic choices. The opposite was true during the rise of globalization until the pandemic.Europe…
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