The euro has been showing surprising strength. But is the eurozone as heathy as its currency? A window has opened for eurozone reform, if Angela Merkel and Emanuel Macron can agree on a way forward.
sees a way forward for Franco-German cooperation to reform the eurozone.
Following the latest G20 summit, the G7 should be thinking seriously about deepening its own ties with more non-aligned countries. If the Ukraine war drags on, and if China continues to threaten to take Taiwan by force, the G20 will be split between friends of the BRICS and friends of the G7.
sees the grouping as increasingly divided between friends of the G7 and friends of China and Russia.
To prevent catastrophic climate change and accelerate the global transition to a net-zero economy, policymakers and asset owners urgently need to rethink how we channel capital at scale. The key is to develop new financial instruments that are profitable, liquid, and easily accessible to savers and investors globally.
explain what it will take to channel private capital and savings toward sustainable development.
坎布里奇—富有战斗精神的希腊前财政部长雅尼斯·瓦鲁法基斯(Yanis Varoufakis)和他的敌人、德国前财政部长沃尔夫冈·朔伊布勒(Wolfgang Schäuble)就瓦鲁法基斯任职期间的希腊债务问题斗得不可开交。但对于欧元区未来的核心问题,他们的意见完全一致。货币联盟需要政治联盟。没有中间道路可走。
这是瓦鲁法基斯对其财政部长生涯的精彩论述中的一个有趣的结论。“你也许是[欧元集团中]认识到欧元区不可持续的人之一,”瓦鲁法基斯说朔伊布勒这样对他说,“欧元区的结构有问题。我们应该有一个政治联盟,这一点毫无疑问。”
当然,对于政治联盟的目的,朔伊布勒和瓦鲁法基斯是有分歧的。朔伊布勒将政治联盟看成从中央向成员国施加财政纪律、约束它们并防止“不负责任的”经济政策的手段。瓦鲁法基斯认为政治联盟能放松债权人对希腊经济的压力,并为整个欧洲的进步政治创造空间。
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