If crises are the test of a nation, Western Europe is failing
The financial crisis and the pandemic have shown how Western Europe deals with crises. And it’s not pretty, writes Paul Ormerod Karl Marx certainly had the ability to encapsulate a complex phenomenon in a pithy and memorable paragraph. In a pamphlet on the Crimean War of the 1850s he wrote: “The redeeming feature of war […]
There’s substance to the Trump team’s trade critique of Germany and the Eurozone
President Trump’s administration has made many criticisms of Germany. One of the more important was by his top trade advisor, Peter Nabarro. He accused the Germans of using a “grossly undervalued” Euro to “exploit” its trading relationship with America. The complaint that when the Euro was formed the Deutschmark was too low relative to the […]
