The grandiose claim that “Britannia rules the waves” inspired the wry quip that, in fact, Britannia waives the rules. While the pun was meant as a...
Higher financing costs can weaken households and businesses without causing a financial crash. The danger is that policymakers mistake protected markets for a healthy economy. Central...
On 14 September in Vienna, the President of the European Central Bank, Christine Lagarde, warned that Europe’s dependence on foreign artificial intelligence systems could soon...
A write-off is not a gift. It is the official recognition that the issuer cannot pay. Jean-Luc Mélenchon has found the perfect campaign promise, one that...
A quarter-century ago, each of the five biggest European Union banks had a market capitalization larger than that of the biggest US bank. Now the market...
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