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By Johan Van Overtveldt & Dieter Van Esbroeck Europe is reeling from a succession of drastic shocks. In geopolitics, we have suffered too long from frivolous naivety, and in economics, we have ignored the longer-term consequences of the relentless drive in most EU countries toward more intense redistribution of income and wealth. The required changes…
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Oil and gas prices have shot up in the slipstream of the war in Iran. With food prices also likely to jump, a real inflation problem is on the horizon. ECB policymakers will have to make some tough judgments. The economic fallout from the war unleashed by Israel and the United States on Iran grows…
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China’s international power play to undermine the Western liberal order importantly relies on the leverage Beijing can exercise over quasi-vassal states. Of these, Venezuela has already collapsed, and Iran is about to go the same way. Only Russia remains solidly in China’s grip. “Decent people should welcome its decapitation,” wrote Martin Wolf, the much-respected Chief…
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Johan Van Overtveldt 