The Wirecard Debacle Calls for a Rethink

Jul 01, 2020

Wirecard AG, the Munich-based payments and financial services company that was a member of the DAX index of Germany’s 30 leading blue-chip stocks, collapsed spectacularly and filed for insolvency on June 25. Among many lessons, this disaster has revealed major gaps in audit...

The Challenges Facing the Eurozone
Jun 01, 2020

The Challenges Facing the Eurozone

Europe’s Moment of Truth Is Obviously About Debt
May 29, 2020

Europe’s Moment of Truth Is Obviously About Debt

Central Europe Tiptoes Into the New World After Coronavirus
May 21, 2020

Central Europe Tiptoes Into the New World After Coronavirus

Banking Regulation in the Euro Area: Germany Is Different

Banking Regulation in the Euro Area: Germany Is Different

May 13, 2020

Two reports published in early 2020 shed new light on this challenge. The European Central Bank’s (ECB) risk report on less-significant institutions is the first of what is intended to be an annual series. The impact assessment study on the most important differences between...

How the European Union Lost Italy to the Radical Right

How the European Union Lost Italy to the Radical Right

Apr 16, 2020

In no country in Europe has COVID-19 claimed more victims than in Italy. Similarly, nowhere in Europe has the radical populist right benefitted more from the pandemic than in Italy. At the beginning of April, polls had Italy’s two major radical right-wing populist parties — Matteo Salvini’s...

Banks in Pandemic Turmoil

Banks in Pandemic Turmoil

Apr 13, 2020

As the COVID-19 pandemic and policy reactions have disrupted markets, bankers on both sides of the Atlantic have called for the relaxation of accounting standards introduced in the wake of the 2007-08 global financial crisis. This set of standards is known as expected credit loss...

Will the EU Survive the Coronavirus?

Will the EU Survive the Coronavirus?

Apr 10, 2020

The most insidious tactic of COVID-19 is to get a person’s body to attack itself. In the worst cases, the body’s autoimmune system essentially goes haywire as it tries to fight off infection. This “cytokine storm” can lead to serious inflammation in the lungs and ultimately to...

Looking for a New Chapter in Central Eastern Europe

Looking for a New Chapter in Central Eastern Europe

Apr 02, 2020

Central Eastern Europe (CEE) has been hit by the novel coronavirus — which causes a disease called COVID-19 — at a time when upgrades to its industry are overdue, the cost of labor has gone up, the tailwinds from EU funding are about to wane, and the region is in desperate...

Europe’s Radical Right Can Help Johnson Get Momentum on Brexit Deal

Europe’s Radical Right Can Help Johnson Get Momentum on Brexit Deal

Mar 04, 2020

This week, the delegations of the European Union and the United Kingdom started the institutional meetings concerning the Brexit deal negotiations. The transition period during which the two sides may possibly find an agreement on a variety of issues — almost everything from trade to...

Boris Johnson’s Bridge Over Troubled Waters

Boris Johnson’s Bridge Over Troubled Waters

Feb 13, 2020

Business Insider reminds its readers about Boris Johnson’s incredible plan to physically unite Scotland and Northern Ireland by building a 22-mile bridge between them. The article bears the title, “Boris Johnson is deadly serious about building a £20 billion bridge between Scotland and...

It’s Time for a New European Approach to Social Policy

It’s Time for a New European Approach to Social Policy

Dec 12, 2019

The European economy is expanding for the seventh year in a row despite a slowdown at the global level. However, social and economic inequalities within EU member states have been increasing significantly in the last decade. Not all citizens are benefitting from the current economic...

Western Dominance Is a Historical Aberration

Western Dominance Is a Historical Aberration

Oct 23, 2019

The TED website describes Kishore Mahbubani, a career diplomat from Singapore, as someone who “re-envisions global power dynamics through the lens of rising Asian economies.” This description is not just apt for Mahbubani but also for his new book, “Has the West Lost It?” The title may...

Italian Populists Use Social Welfare to Ignite a “War Between the Poor”

Italian Populists Use Social Welfare to Ignite a “War Between the Poor”

Oct 07, 2019

Since Matteo Salvini took over the leadership of the Northern League party (rebranded as the League before last year’s elections) in late 2013, the focus of his harsh political campaigns shifted from southern Italians — the so-called “Terroni,” or people of the countryside — to...

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