The world has changed without Europe
“We have no eternal allies, and we have no perpetual enemies. Our interests are eternal and perpetual, and it is our duty to pursue those interests.” These are the words…
Philippe Waechter's blog
The world is changing and so is its macroeconomic representation
The representation of macroeconomics is turned upside down. The Great Moderation characterized by low volatility in growth and inflation is a thing of the past. The world is suffering the…
The economy and the balance of power between nations
Geopolitics took a real turn during the meeting in Riyadh between Americans and Russians.Suddenly, Russia reintegrated the concert of nations and regained a respectable status. This radical change further isolated…
A new international order is emerging
A few days before Donald Trump’s arrival at the White House, the feeling shared by all is that the international balance is going to be upset.The global dynamic has long…