The new EU fiscal stability treaty focuses almost exclusively on imposing tighter fiscal disciplines on signatory states. Fear of difficult ratification debates and a big step into fiscal integration that would have divided the EU have ensured that the new treaty is narrow...
There is now a significant probability of some form of new Financial Transaction Tax at some level in Europe.
The fact that the UK is strongly opposed to such a tax and will veto any such measure at the EU level will not preclude an FTT being introduced among the...
The Eurozone enters 2012 badly weakened and with a number of key interrelated risks hanging over it. Greece remains the most fundamental, but the weakness of the European banking system, the deteriorating economic outlook and the French election all have to factored in as significant...
This week’s Durban climate change summit got good reviews. Optimists highlighted the fact that any agreement at all was actually secured. By the unusually low standards of modern multilateral diplomacy, they have a point.
There is a commitment to further negotiations and a...
The dust is settling on what may be an historic EU Summit in Brussels on 9 December, with a potentially far-reaching agreement on a step towards greater fiscal integration of 26 EU member states, from which the UK alone has chosen to be excluded.
Ministers, the media, business leaders and the civil service in India openly describe 2011 as the worst year for governance in India’s recent history and a political inflection point in the seemingly unstoppable upward trajectory of the last decade.
As much as any European election in recent memory, the political economy for the new Spanish conservative government looks extraordinarily limiting. New Prime Minister Mariano Rajoy will have – and will expect to have -no political honeymoon either domestically or in Europe.
The G20 Summit in Cannes last weekend told us a lot about the state of global economic diplomacy at the end of 2011. The sweeping French agenda for their Presidency was slimmed down not just by events, but by the hugely difficult reality of consensus building in a group as eclectic as the...
