The sane insanity of digital sovereignty
Every major economy is now hedging against digital dependence. Matthew Kilcoyne examines digital sovereignty and the economic risks of uncoordinated fragmentation across global technology markets
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Author: Op-ed
Talking ’bout next generation
The international and technological frontier for retail payments is advancing. Sarah Breeden sets out how the Bank of England is leading the design of the UK’s next generation retail payments infrastructure, while also supporting private sector innovation in the interim
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Promoting the ideas of freedom
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
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CBDC and monetary sovereignty
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
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The end of the world order
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
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Addressing Europe’s services dependencies
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
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Global imbalances in a more fragmented world
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
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Has the global minimum tax survived Trump?
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
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AI risks for employers and employees
AI-powered transcription tools are increasingly used in the workplace. Aida Ponce Del Castillo argues in an analysis from data protection law and the AI Act that their deployment raises risks both for employees and employers
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Economic incoherence
EU member states may now exceed deficit limits if the borrowing finances defence. Paolo Surico proposes exempting innovation-related expenditure, rather than procurement, to raise long-run growth while maintaining fiscal responsibility and strategic autonomy
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