Today’s reality can increasingly be described as a polycrisis: the Covid-19 pandemic and the subsequent disruption of global supply chains; the war in Ukraine and the resulting fossil fuel price crisis; rising inequalities between and within countries, exacerbated by inflation; and, of course, climate change. We need to transform our economy to make it resilient […]
Next Economy
After more than 15 years of crises – from the rejection of the Constitutional Treaty, over the financial crisis, to Brexit – Brussels no longer seems a place of opportunities and solidarity, but it is seen as synonymous with austerity, inequality and growing divergences, in the face of divisive sovereignty. However, the 2019 European elections […]
After several postponements, the European Commission put forward an orientation for a reform of the EU economic governance framework on 9 November. Now, hopefully, a real political discussion can take off. Since the global financial crisis in 2007, the sovereign debt crisis, the migration and climate emergency and the emergence of the EU Green Deal, […]
The climate emergency, the Covid-19 pandemic and the Russian war in Ukraine are illustrative of our new era of permanent multiple crises. Development finance frameworks and institutions are not fit to address such tumultuous times. They must adjust their modus operandi to be more reactive and impactful in the face of greater risks and uncertainty. […]
Europe is shaken by war and by its economic and social effects, compounding the fears and pains produced by the lasting pandemic. The authoritarian dynamic unleashed by inequalities and loss of certainties is gaining further ground everywhere. In this context, prompt measures to deal with the current state of affairs need to be coupled with […]
In her address to the European Parliament on the State of the European Union, Commission President Ursula von der Leyen talked about the need to “rediscover the spirit of Maastricht”. This is misguided, given that the old rules damaged both political integration and economic performance. New, bold proposals are needed to allow for genuine economic […]
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