The discussions on the future of Europe Attempts to reform the euro zone, to expand the euro zone and indeed to expand the EU are stalled by an obtrusive lack of trust. We had argued here that this lack of trust comes, at least in part, from a divergence in the quality of governance and the quality of institutions. Good institutions matter for economic outcomes, willingness to reform and the smooth functioning of the economic and monetary union. We show that perceptions of institutional quality in the EU are not only heterogeneous, they have also recently diverged. We look at the World …read more Source:...
This opinion was previously published in Caixin The escalation of the Sino-U.S. trade war has been worrying the world over the past few weeks. After the Washington’s announcement of punitive tariffs on 1,333 Chinese products with a value of up to $60 billion under the Section 301 of Trade Act, Beijing responded very quickly with a retaliation list of 106 products of the same value. Although it is not the first time that the world has been caught in the China-U.S. crossfire, the U.S.’ protectionist moves against China look different this time. In fact, they are broader-based both as they involve …read more Source:...
Read Marek Dabrowski Policy Contribution ‘The harsh reality of Ukraine’s fiscal arithmetic’ A never-ending controversy The question of optimal reform strategy, especially its speed and degree of ambition, has been repeatedly debated in relation to various historical occasions. The best-known controversy refers to the first period of...
