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By Johan Van Overtveldt & Dieter Van Esbroeck Massive state subsidies, internal market protectionism, persistent currency undervaluation, and continuous intellectual property theft form the Unholy Quartet of China’s stubborn anti-free trade policy. Europe must stop being naive and soft, and instead counter this destructive behavior. A 10% import tariff on all goods from China might…
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By Johan Van Overtveldt & Dieter Van Esbroeck Only structurally stronger economic growth will enable the EU to successfully pursue its many objectives and priorities. Enhanced competitiveness is, therefore, a conditio sine qua non that, in turn, necessitates a much more sensible energy policy than is currently in place. The ultimate insanity in this context…
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“France,” the Financial Times recently concluded, “replaces Italy as European bond investors’ biggest worry.” Persistently large budget deficits and political quasi-ungovernability are indeed fundamentally undermining Paris’s creditworthiness. While crackpot ideas about debt cancellation circulate, the ECB watches attentively in the shadows. However, the cross-border transfers its policies provoke could become a major stumbling block. “Les…
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