Javier Milei discusses the relationship between economic efficiency, ethics and public policy, drawing on economic and philosophical traditions to argue that justice and efficiency are interconnected

Calls for a digital euro increasingly invoke monetary sovereignty. Lucrezia Reichlin argues that an effective defence of monetary sovereignty will continue to depend on regulation, fiscal capacity, and the ECB’s willingness to absorb risk when it matters

The great powers are trashing the global rules-based order. Mark Carney argues that middle powers can maintain some sovereignty and control over their own destinies in a new era of superpower rivalries by working together to fight for their values

The geopolitical order keeps shifting. Agnès Bénassy-Quéré, Giancarlo Corsetti, Giulia Sestieri and Rolf Strauch discuss the economic security issues raised by services trade in the EU and call for a common industrial policy for services to boost competitiveness

Andrew Bailey emphasises the need for robust international cooperation, supported by multilateral institutions, and why they need to be supported by an international rules-based system, setting out some of the conditions that help make this system work and what challenges they might face

It is accepted that international tax competition is harmful. Pascal Saint-Amans writes that US objections have not killed off the 15 percent global minimum tax, but they have altered it and given the US a competitive advantage