This blog post from Portugal was first published yesterday on Fundweb. Although I do not draw out the point in the piece it seems to me that the European Union, as an elitist technocratic project, has played a considerable role in inculcating the fatalist mood I describe. It was not originally planned that way but […]
I will be speaking at two sessions at this year’s Battle of Ideas weekend festival in London’s Barbican Centre on the weekend of 18-19 October. On Saturday I will be debating the plight of the “Pigs” – Portugal, Italy, Greece and Spain – in the eurozone crisis. Philippe Legrain and Vicky Price will also be on […]
While most of you were off on your summer holidays the world’s top economic policymakers were up to something else. Although they enjoyed more salubrious surroundings than many they kept busy doing what they do best: blaming others for the economic mess they have played a key part in creating. The summer’s top gig was […]
Market reactions to the decision by the European Central Bank to reduce interest rates and introduce additional unconventional monetary measures can be broadly divided into two: those who welcomed the moves and those who welcomed them but said they were insufficient. Both sides misconstrue the nature of the eurozone’s economic problems and so cannot offer […]
With inflation dipping down to only 0.5% in March there is much speculation about whether the European Central Bank (ECB) will finally embrace quantitative easing (QE). The pundits are busy pondering whether it will belatedly follow other central banks in taking unconventional monetary measures to stave off deflation. This is a misleading way to discuss the […]
My profile of Petter Stordalen, an anti-capitalist billionaire from Norway, was published in Financial Times Wealth on Friday. The original link can be found here. Is it possible to be an anti-capitalist billionaire? Many would assume the question is absurd. Surely the greatest beneficiaries of the market economy should be its staunchest supporters? Not so […]
I had not expected the audience of Chinese financial regulators to laugh hysterically at my remarks on the eurozone economy. It took a further five minutes for their conversations in Mandarin to subside. The subject of my talk, the future of the eurozone, normally invites anxiety rather than mirth. My goal was to outline the […]
This box accompanied my Fund Strategy cover story on the current state of the eurozone. There is a sharp divide among experts on whether there will be a dramatic leap towards eurozone integration following the German elections on 22 September. Many argue that German politicians have postponed decisive action till after the polls while others […]
This is the main text for my latest Fund Strategy cover story that examines the state of the eurozone. The original layout in the magazine, including accompanying graphs, can be found here. Many have made such claims before but this time around there is significant evidence that the eurozone is finally recovering from its slump. […]
This book review was first published on spiked on Friday. One of the most shocking political developments of recent years was the lack of any public outcry at the imposition of unelected regimes in Greece and Italy. In fact, the installation of technocratic governments in both countries in the midst of the Eurozone economic crisis […]
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