The value of global talkfests

Unless there is some intrinsic value in government officials, central bankers and their advisors talking to each other, there is precious little that our global economic diplomacy has to show for. At least one should not expect any concrete outcomes, or even growth creating outcomes from such meetings. [...]

The economic curse of populism

As long as the Germans pretend that the current crisis was caused by speculation and not by inherent flaws of the European project, this crisis will not pass. They can ban short selling, regulate credit default swaps or outlaw hedge funds all they like, but this will not solve the competitiveness problems of Club Med countries. [...]