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Europe’s path to Mexico’s debt crisis

The moderate increases in the European Central Bank’s interest rates are far from being brutal but the writing is on the wall that Europe’s monetary party is about to end, and Southern Europe has remarkable parallels to Mexico and Latin America in the 1980s. […]

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Big rouble in little Europe

Europe will face difficult monetary conditions for years to come. If the bank is unlucky, inflation expectations will solidify, and rapid price increases will become a permanent feature for the Eurozone. […]

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The next Euro crisis has just begun

Just as Europe’s economies are emerging from the Covid-19 recession, the next big European crisis is already visible on the horizon. It is just not clear what kind of crisis it will be: another debt crisis, an inflation crisis, or a combination of both. […]

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It’s not all about the money

Last week, following six years of intense negotiations, the Swiss government pulled out of the talks on a new treaty. It preferred Switzerland’s sovereignty over the gains of deeper integration into the EU. […]