Globalisation Indicators
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If I were a G8 demonstrator...
30.05.2007
By: Wolfgang Münchau
... I would protest in favour of the abolition of the G8 itself, not against what it may - or may not - decide.
The fiscal fallacy of decoupling from America
16.04.2007
By: Wolfgang Munchau
If the US economy tanks, what will happen to the rest of us? Some investment bankers have argued that this time we can easily decouple from the US. This view is rooted in the assumption that the indefatigable Asian consumer and the resilient European corporate sector have made us all less dependent.
What the world expects from Europe
02.04.2007
By: Joseph E. Stiglitz, Columbia University
The success of the European economic project has become the envy of countries all over the world. But the EU would not have succeeded if it were only an economic union. The values that Europe has come to stand for are more than just European values. Europe needs to project its power and influence — especially through the power of ideas and example. Europe must help shape the world.
Why is credit risk priced so low? A new explanation
21.02.2007By: Eurointelligence Publication Reviews
Why Is Credit Risk Priced so Low? A Perspective on Global Liquidity, by Pierre Cailleteau and Aurélien Mali, Moody's International Policy Perspectives, February 2007
One of the great financial puzzles of our time is why credit risk is priced so cheaply. There are a number of theories around. But none of these theories appears capable of capturing all the pertinent aspects of this story.
Eurointelligence Briefing Notes
Globalisation - a primer about the European Debate
Globalisation is the probably the single biggest issue that hit the European Union in this decade. A present but ill-defined fear of globalisation was one of the main reported reasons why the French electorate rejected the European constitutional treaty in 2005. There is a sense in Europe that globalisation is a force that will end up impoverish the continent, that it will destroy its values, and its way of life. It is unlikely that European integration will continue further unless and until the Europeans come to terms with globalisation, and devise a strategy.