It is dubious that Spain’s likely PP-led government will allow VOX to steer it away from its commitments to the UN’s 2030 Agenda, or away from acting like a slightly less ‘woke’ PSOE.
As farmers lead backlash against environmental regulations, the political Right is poised to capture their vote.
Little did we know that, by 2020, the pandemic was almost two decades in the making. The Sunday Times’ investigative report tells an incredible tale of American money, Chinese secrecy, and unrestrained human hubris.
There was a lot of media attention recently to Germany being in a recession. The only problem is that those who said so, were wrong. Here is why.
How is NATO going to respond to the problem with its rapidly depleting stockpiles of military hardware? They can’t spend more money.
Judging from the comments by central bank president György Matolcsy, Hungary could join the euro in 2030 or soon thereafter. Would such a membership be good for Hungary?
There are those who want to force humanity into ‘degrowth.’ That is a dangerous path to go down, and it is unnecessary. Our capitalist economy is becoming more and more efficient over time. In short, it is doing more with less.
Can the U.S. government and its allies prevent a determined group of countries from de-dollarizing and significantly hurting the U.S. economy in the process? How would de-dollarization be affected if the unthinkable happens and Russia wins in Ukraine?
The new debt-ceiling deal has its merits, but it also kicks the big spending reform can down the road. It also ignores the broader threat to the U.S. economy: de-dollarization. On that front, there is one event that could end dollar hegemony with one stroke of the pen.
Les Républicains wants to appear to be in tune with the state of French public opinion, which demands rigour and firmness in the management of immigration.
In 2022, a decade after Geir Haarde’s impeachment trial, Iceland is again amongst the most prosperous and peaceful countries in the world.
If neither wages nor energy prices can explain why the ECB is right in being concerned about persistent inflation, then what can explain it? There is a candidate that nobody wants to talk about: taxes.
We will only get one chance to save America from the abyss of a debt crisis. Let us make sure we get it right on day one.
In Part II of this series, Hannes Gissurarson lays out the case that Geir Haarde was unfairly singled out and blamed for the bank collapse in a flawed and biased process.
Hannes H. Gissurarson argues that the whole impeachment process was unjust and that Geir Haarde’s conviction on a fairly trivial charge was legally groundless.
The overall trend in the European economy points in the wrong direction. Therefore, it is a very bad idea to raise any taxes in the EU. It does not matter that the taxes the EU has proposed will fail to generate the revenue that the MEP tax grabbers are hoping for.
Jamie Dimon, the CEO of J.P. Morgan Chase, the U.S.’s largest bank, has suggested that in order to allow Green Energy to develop properly, the government may need to seize private property.
Politicians are known for two things: they never do what they should, and they always do what they shouldn’t. First, they do not prevent a debt crisis, then they aggravate it.
France is at a fork in the road, where her political leaders have shrinking maneuverability, where they are running out of time, and where they cannot afford to repeat the mistakes of the past.
Democrats and Republicans are bickering over the debt ceiling. They will reach an agreement before the June 1st “default” date, but it will only be a stopgap measure. At some point, Congress will face such high costs for its debt that not even the most optimistic investors can trust the U.S. Treasury any longer.
While the stars are lining up for another fiscal crisis in Europe, the ECB’s chief economist fails to even mention the threat. Is the ECB ignorant on what is coming down the pike?
The downgrade by Fitch is a slap in the face for the French government, and especially for Emmanuel Macron.
The official story is that the U.S. economy grew by 1.1% in the first quarter. This number is heavily modified and tells us nothing. We have the real numbers.
Twenty years ago, Central Europe had the lowest birth rate in the EU. The region has seen the greatest improvement in recent years. At the same time, female employment is also at its peak, the at-risk-of-poverty rate is much lower, and real earnings are rising steadily.
While the EPP tried to reassure colleagues that the proposed legislation preventing child sexual abuse does not violate the personal privacy of EU citizens, many MEPs remain unconvinced, calling for different approaches.
The continent is decidedly moving towards the Right. This could mean that the current balance of power in Brussels could radically change in favor of the center-Right in 2024.
New data suggests an elevated risk for stagflation in Europe. Policymakers beware!
America’s states are supposed to be sovereign jurisdictions. Yet when the federal government is their main source of revenue, how independent are they really?
Financial markets are important to governments that need a lot of tax revenue to pay for their welfare states. The problem with taxes levied on financial markets is that they generate unstable revenue.
The more a tax system relies on financial markets, the more volatile and unpredictable those tax revenues will become. There is no doubt that the U.S. government is experiencing that in real time in 2023.
