New ESM study shows Europe's trade and capital flow issues go much beyond tariffs

The ESM takes stock of the increased global geopolitical divergence as a matter-of-fact secular trend that Eur

'Austerity will return'

After a process of almost 4 years, the negotiations on the reform of the EU’s fiscal rules have entered the

The "sweet poison" of subsidies

As demonstrated by farmers protests this week, subsidies are addictive and create inefficiency. Still, the big

Europe can have ordoliberalism, or it can have a future

The EU’s economic policy of the past few years is a story of twisted attempts to adjust its policies to the

The prophets of fake scarcity

As finance ministers meet in Brussels to finalise a deal on the EU's fiscal rules, Europe's only hope is that

Taxing the rich isn’t radical – not taxing them is

The end of a German illusion

Germany thought it could provide the necessary investments for the green transition, all the while adhering to

The end of a German illusion

Germany thought it could provide the necessary investments for the green transition, all the while adhering to

The stairs are moving

What we know about the new fiscal rules

EU finance ministers are optimistic that they have come closer to an agreement on fiscal rules. So what do we