Speeches

Europe’s Three Crises

All in all, we are looking at a system of enormous complexity in which no single institution or person is in charge of dealing with the euro crisis. This chaos, although fascinating armchair entertainment, makes it difficult to predict the future of Europe.

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Uncategorised

Das Leid mit dem Aussie-Dollar

Vielleicht ist es den vom starken Franken geplagten Schweizern ein kleiner Trost, dass auf sie Schnäppchenpreise nur einen Steinwurf hinter der Grenze warten. Ein Sydneysider muss dafür drei Stunden nach Neuseeland fliegen.

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Business Spectator

A euro power play that backfired

As it turns out, the euro is not only an unworkable currency. It actually started as a French insurance policy against German power. But even as an insurance policy it has failed. Against their will, it has turned the Germans into the new rulers of Europe. And it has consigned France to be the weaker partner in the Franco-German relationship.

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Business Spectator

Setting a European time bomb

Europe has arrived at the crossroads. It can either go down the path to full-blown fiscal union – and the ECB is clearly ready for it. Or, preferably, it must end the Euro experiment now before any further damage is done. The Germans should leave the fringe countries with the carcass of the Euro – and reintroduce the Deutschmark. It’s the only chance to avert an even greater European debt disaster further down the track.

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Ideas@TheCentre

Curing insanity with madness

The decline of manufacturing in Britain is a serious issue that has been encouraged by government intervention. To use another government intervention to reverse this development is trying to cure insanity with madness.

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Business Spectator

Hitting pause on the eurozone crisis

After a decade of experience with European monetary union in practice, Sarrazin is sceptical about its future. “All attempts to legislate for fiscal stability, limited debts and no-bailout rules have not proved watertight. As it looks now, Europe is on a slippery slope towards becoming a full-blown transfer union,” he said. For someone who has first-hand experience in creating such a permanent transfer mechanism within a country, this must be a frightening prospect.

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Uncategorised

Selection, migration and integration

Of all the probable results of Australia’s inevitable population growth the social impacts of migration are probably the most controversial. This is unsurprising. Migration can change the face of a country and alter the social and
ethnic composition of entire cities or individual neighbourhoods.

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