Despite widespread predictions, Russia’s economy hasn’t buckled under sanctions—but cracks are starting to show.
As some countries ramp up social benefits to strengthen emerging welfare states, others are scaling back in a bid to rein in systems that have grown beyond what their tax bases can sustain.
EU’s fiscal documents are written to pay a token gesture to openness while in reality serving as declarations of policy intent.
As warnings of a Wall Street ‘correction’ grow louder, some European countries risk following suit. Others are more resilient.
Eurostat says inflation looks calm—but beneath the surface, a worrying split is emerging. Polarized inflation poses a serious challenge for the ECB and an increasingly hands-on Brussels.
Pressure from the U.S. president to cut interest rates could spark a chain reaction, pushing Europe to follow—and creating a potential equity market bubble.
It may come as a surprise to many Europeans just how benevolent the American welfare state is. It may even surprise many Americans.
With its latest budget, the EU Commission shows off its creeping super-state agenda. If this budget is passed, only a full-fledged tax system remains to complete the project.
Tariffs take the heat for U.S. inflation, but EU data blows that theory apart.
Instead of austerity in a recession, France and other deficit-ridden EU states should try fiscal stimulus as a means to end their economic standstill.
Sweden, one of Europe’s most entrenched socialist welfare states, is falling behind conservative Hungary in essential economic categories.
Economic theory promised that free trade would bring new levels of prosperity to Europe. That did not happen. The continent needs a Trump-style rethinking of its economic future.
