Economic situation in Europe: almost back to 2007

In most of Europe, 50 to 90% of people judge the current economic situation as bad. This chart is based on the data collected for the Eurobarometer in November 2016: The picture is mostly unsettling, but the changes since early 2016 are generally encouraging; the EB report states that "…

Britain wants globalization on its own terms

Does Britain want to be global? A few days ago, the answer appeared to be yes: Splendid post-Brexit tales: Theresa May says a "truly global Britain is possible, and it is in sight" https://t.co/gDc9ig0Gp1— Jan Zilinsky (@janzilinsky) October 3, 2016 Now the position seems…

Michel Rocard

Former prime minister of France, Michel Rocard, passed away on July 2, 2016. New York Times obituary: “Our social system kills the goose that lays the golden eggs,” Mr. Rocard told the newsmagazine Le Point in an extensive interview two weeks ago. “As many start-ups are born every year in…

Two weeks after the Brexit vote

Friday, July 24, 2016 Immediate effects, via FT: UK votes by 51.9 per cent to leave EU David Cameron stands down as PM Scottish leader says new independence referendum likely Sterling plunges to 30-year low Global stock markets see big sell offs Treasury’s Lew Says He Will Work…

Brexit referendum

It is demoralizing to observe how a partnership for peace and mutually beneficial exchange could so easily be diminished. And it is chilling that such a consequential decision will largely be shaped by temporary moods. Emotional geo-politics - not a good combination at all. I have been reminded in recent…

UK's place in Europe

A collection of arguments, perspectives (and facts) from people who articulate clearly that membership in the EU is, on balance, a good deal for Britain: Gordon Brown: Only in Europe Can Britain Be Great ... under pressure from the euroskeptics within their party’s ranks, [ministers of the Conservative government] find…

Eastern Europe monitor

FT: EU paves way for sanctions against Poland Poles refuse to back down in confrontation with Commission – POLITICO: "Kaczyński also cast doubt on the Commission’s right to carry out its unprecedented rule-of-law procedure against Poland, launched in January over concerns that the authorities in Warsaw were violating the…

Economic outlook, mid-2016

G-7 meeting (recap) G-7 Leaders Differ on Risks to Global Growth - WSJ Mr. Obama noted the recovery taking place in the U.S. and some progress in the European economy, saying an agreement reached Wednesday on the Greek debt crisis should help. He said G-7 leaders “emphasized the importance…