Acta, non verba
Alberto Di Iorio, Emilie Fitzgerald, Thomas Lammer, Antonio Perrella, Tara Rice, Federico Semorile and Stefano Siviero call to focus on tangible results in interlinking fast payment systems to enhance crossborder payments
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Global Economy
A reason for concern
Germany’s manufacturing sector has been struggling. Marco Flaccadoro argues that with high energy prices and subdued demand, challenges for Germany’s manufacturing sector – and its European partners – are set to persist
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Europe’s challenge and opportunity
Donald Trump has launched an all-out attack on the rules-based international order. Olivier Blanchard and Jean Pisani-Ferry argue that the EU should take the lead in convening alliances of countries to counteract threats to the global order
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GVCs in an uncertain world
After a long period of rapid globalisation, the openness of the world economy has stagnated. Marius Faber, Gleb Kozliakov and Dalia Marin argue that increased uncertainty, coupled with ever more capable automation technologies, has likely contributed to this trend break
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Globalisation recedes, conflicts multiply
Suzanne Berger considers the lessons learned from COVID-19 and how heightened war risks have added to the backlash against domestic manufacturing losses, undermining globalisation
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Europe has strengths it can build on
Remaining competitive is fundamental for Europe’s future. Christine Lagarde and Ursula von der Leyen argue that Europe needs faster economic growth and higher productivity to protect the quality of life for Europeans
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Draghi on a shoestring
The European Commission’s response to the Draghi Report is the Competitiveness Compass. Jeromin Zettelmeyer believes this would set up a conflict between industrial policy and the single market
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Tariffs are coming
Donald Trump has promised a raft of new tariffs, prompting concerns about a concomitant increase in inflation. Diego Comin and Robert Johnson argue that tariffs do not necessarily raise inflation, which is a macroeconomic phenomenon
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Pragmatic and principled
The EU has signalled its readiness to engage and negotiate with Donald Trump. Ursula von der Leyen warns of a race to the bottom and the need to avoid a trade conflict that would hurt both sides and the global economy
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Elon Musk and the narratives of decadence
Felix Schilk considers the idea of decadence, and argues moral decline triggered by excessive indulgence links all anti-democratic movements, and can be seen throughout history
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