There is a big need for structural reforms to the Slovakian welfare state. Such reforms require a level of political leadership that Europe so far has only seen in Hungary.

Questions have been raised about the veracity of the IMF report showing Russian economy outperforming the West. But it is extremely difficult to falsify GDP data.

Despite differences in inflation rates and macroeconomic trends, many central banks make their policy decisions based on what the Federal Reserve does.

Finally, the U.S. Treasury is doing something to curb the rise in debt costs. But is it too late already to prevent a fiscal crisis in America?

This was a bold move by one of Europe’s best-run monetary authorities.

As Chinese hands-off investment aligns with African economic nationalism and Near Eastern realignment,where does Europe stand?

Those who expect a U.S. recession will have to wait a little longer, but there are some details in the latest GDP numbers that suggest an economic downturn is indeed on its way.

With these measures, Germany’s establishment parties are trying to stop the rise of the increasingly popular rightwing opposition.

Finnish unions threaten to strike in February over government cuts to social benefits. They forget the massive, destructive government growth that took place 15 years ago.

The ECB chief just ruled out raising interest rates. This is a big mistake that can cost the euro zone dearly in the coming recession.

European interest rates rise and fall closely with American rates. This can be good for Europe, but it can also be bad, especially if America is hit by a fiscal crisis.

François-Xavier Bellamy’s position is difficult to defend since his party belongs to the EPP group whose positions are often at odds with his own.