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The crisis of Europe is not one of integration, but of co-ordination.

20 March 2021

Risks and side effects of coordination

The EU puts too much emphasis on climate targets, and not enough on investments.

13 March 2021

What we mean by green

The pandemic has exposed two German myths: of competency and superiority.

06 March 2021

What happened to Germany?

The row between Alex Salmond and Nicola Sturgeon could derail Scottish independence. The politics of independence is more finely balanced than opinion polls currently suggest.

28 February 2021

Unspoken issues of Scotland's departure

What happened in Germany last week is that people started to treat vaccines as a private good. They want this one, not the other one.

20 February 2021

Beware of vaccine elitism

Bitcoin will not replace existing money, but it will constrain the scope of governments and central banks.

12 February 2021

Le bitcoin - c'est une monnaie

Mario Draghi constitutes an irresistible proposition for Italians. But not for long.

07 February 2021

Show me the money

The European Union used to do a few things well. Now it does a lot of things badly.

29 January 2021


With its disastrous vaccine procurement policy, the EU committed the ultimate mistake: it has given people a rational reason to oppose European integration.

23 January 2021

Our worst policy error

Europe needs a CDU leader who is not beholden to a 20th century industrial model. Armin Laschet, the new CDU chairman, is not that man.

17 January 2021

Laschet’s Germany

Europeans often confuse strategic goals with commercial gain. Maximising your trade surplus is not a strategy.

08 January 2021

Define Strategy

The UK needs to move on from Brexit. But so does the EU.

02 January 2021

Moving On

Inflation forecasts won't get any better, but what will change this decade is inflation itself: a secular shift lies ahead

19 December 2020

Why inflation will rise

Last week will not remembered as the great diplomatic triumph for Angela Merkel, but as the great sell-out

12 December 2020

When the moral compass malfunctions

With variable geometry there would have been no eurozone crisis and no Brexit. The eurozone needs to integrate more, the EU less.

29 November 2020

Chained together

The best way to defeat Viktor Orbán and Mateusz Morawiecki is through enhanced co-operation. Otherwise, they defeat us.

21 November 2020

How to face down Orban

Forget about the level playing field. There are bigger issues at stake in the EU/UK relationship.

15 November 2020

Not a game

Economic forecasts, epidemiological projections and opinion polling are wrong and biased. A bad combination.

06 November 2020

What the porcupine tells us

The last thing the Europeans should do after a Biden victory is trying to revert to the comforts of the old relationship.

01 November 2020

Trump's shadow

It's quite possible that Europe is celebrating the wrong Hamilton moment. The real one remains as elusive as ever.

26 October 2020

That other Hamilitonian moment