Emmanuel Macron understands that the European elections this year will be different. In spite of their name, normally European elections are predominantly national, low-turn-out, low stakes affairs. But this election will have a transational element, as the Salvini-Orban-Bannon axis tries to turn it into a referendum on migration. The nationalists hope to mobilise millions of ‘left behind voters’ behind an anti-European platform and to start dismantling the EU from within. Macron’s article is the beginning of a reponse to their threat. Macron sees the three main battlefields as the main dimensions of a future-orineted European project: democracy (protecting elections from external interference), protection (a common border for Schengen and a European Security Council that includes the UK), and progress (European Climate Bank, regulation of Global tech companies, an EU innovation fund). The challenge will be to use this vision and concrete ideas to appeal to Europeans who feel that the current system is broken. Will he be able to show that his goal is to revolutionise Europe so that it can live up to the promise of democracy, protection and progress – rather than looking like a champion for the status-quo in Brussels? Mark Leonard - Director European Council on Foreign relations
Economic theory does not provide a clear answer regarding the overall impact of technological progress on jobs. And even if automation has traditionally been beneficial in the long run, policymakers should never ignore its disruptive short-term effects on workers.
There is a reason that the US Federal Reserve chair often has a haunted look. Probably to his deep and never-to-be-expressed frustration, the Fed is setting monetary policy in a way that increases the likelihood that President Donald Trump will be reelected next year.
Following British Prime Minister Boris Johnson's suspension of Parliament, and an appeals court ruling declaring that act unlawful, the United Kingdom finds itself in a state of political frenzy. With rational decision-making having become all but impossible, any new political agreement that emerges is likely to be both temporary and deeply flawed.