Business Spectator
Business Spectator was a business news site dedicated to offering readers the most up-to-date market news along with insightful commentary from some of Australia’s most respected journalists. It was integrated into The Australian newspaper in April 2016.
The popularity of Corbyn, Trump and Sanders is a protest against the insiders of the political system, not a revolt against neoliberalism or sound economic management.
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In the wake of the financial crisis power shifted from politicians to the ECB, now it’s time for elected governments to address the underlying causes of Europe’s malaise.
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If you are a born optimist, you may have concluded by now that the euro crisis is over. Indeed, we have not heard much about it lately. No bailouts, no bank runs, no Greek elections. It almost feels like financial stability. If you are a realist, however, you would be looking at two figures and know that we are right in the middle of the euro crisis.
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Britain and Europe have always been an uneasy match, but without Britain the EU would be a very different organisation.
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The coming months until the June referendum will be a crucial time for Britain and Europe. Neither of which will be the same any more irrespective of the result.
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Amid all other crises plaguing Europe at the moment, the financial problems engulfing Athens had temporarily slipped off the front pages. However, it was only a matter of time until they resurfaced.
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German Chancellor Angela Merkel’s policy blunders have come at a staggering economic, social and political cost to Germany and the EU.
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The German Chancellor may not politically survive the disaster she has created — and that would be well deserved. The collateral damage of her failing would be a Europe that sees the resurrection of nationalism, borders and political extremism.
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With apologies to Mark Twain, news of the euro’s survival are greatly exaggerated.
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As ironic as it seems, it is the EU’s overreach that could turn out to be its own undoing.
And it could be the failure of the EU’s supranationalism that will trigger a widespread return of the nation-state.
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