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The unwinding global imbalances, the mega event of 21st century economics, is starting to happen – and a good thing too.

27 April 2025

After the dollar

Global oil markets may find themselves squeezed between the impact of Donald Trump's tariffs and China's long-term desire to reduce its own imports;

08 April 2025

An oil market crash like no other

Mark Rutte is right, Europe needs to think about the post-war relationship with Russia

17 March 2025

Is Europe ready for peace?

The era of global macro imbalances is over – but we are not equipped to deal with this.

07 March 2025

Europe’s bigger dependency

The British political class's continuing obsession with the US says less about geopolitics, and more about its relationship to power

21 February 2025

Can the UK quit the US?

Donald Trump’s transactional foreign policy marks the end of foreign aid as we know it

07 February 2025

The price of everything

Trump is our best hope now in Ukraine. How did we get there?

07 January 2025

Waiting for Trump

Giorgia Meloni and Emmanuel Macron are both close to Donald Trump. Could this be the basis of an unlikely alliance?

19 December 2024

How Trump will divide us

Brexit had a much a bigger effect on the EU than it did on the UK because it changed power relationships

11 December 2024

What Brexit did to the EU

The German chancellor failed because he is weak in character and intellect

03 December 2024

Rise and Fall of Olaf Scholz

Allowing western missiles to strike targets deep in Russia will not change the war. Time to cut a deal.

28 November 2024

Trump is right on Ukraine

The Europeans will repeat the same mistakes they made in 2016 - and add some more.

20 November 2024

How to live with Donald Trump

Ukraine is in such a mess because western experts underestimated Russia on many levels. Now they are underestimating the Brics+.

05 November 2024

Don't underestimate the Brics

The EU referendum in Moldova and the elections in Georgia should give the EU a pause for thought.

30 October 2024

They don't all want to be with us

Austerity is a bad idea. For parties of the left to embrace it is suicidal.

22 October 2024

A cautionary tale from Germany

Russia is winning the Ukraine war because it has moved over to a war economy. Time for a strategic re-think in the West.

15 October 2024

Russia’s war economy

Europe's far-right parties are all different. The Austrian variant is particularly nasty.

08 October 2024

Who is Herbert Kickl?

Sahra Wagenknecht, a politician of the left with themes of the right, is the new power broker in German politics

01 October 2024

A spectre is haunting Germany

The Franco-German relationship is not what it used to be. The two countries are growing apart.

26 September 2024

End of a beautiful friendship

The EU's has an entered an era of secular economic decline and is politically too gridlocked to reverse it.

17 September 2024

An existential threat to the EU