Recession! This is the new worry in Europe and the US. A simple look at google trends shows that in Germany, France and the US, search interest for recession peaked in the last weeks. In Italy, the peak already occurred end of January. Whether a recession is actually occurring is difficult to gauge in real time. But there can be no doubt that significant risks such as the trade war and no-deal Brexit exist.
BY: GUNTRAM B. WOLFF
Ursula von der Leyen plans to introduce a border carbon tax to avoid that cutting EU carbon emissions forces EU companies to move their activities abroad. But will this tax trigger a conflict between climate preservation and the multilateral trading system, or can trade and climate preservation coexist?
BY: HENRIK HORN AND ANDRÉ SAPIR
The seemingly omnipotent G7, the meeting of the seven largest developed economies in the world, is weakening continuously and, as the author suggests, this should worry us all.
Since the People’s Bank of China (PBOC) allowed the yuan to surpass the dreaded level of 7 to the dollar on August 11, rivers of ink have flowed citing a new matter of contention between the U.S. and China, namely using currencies to gain competitiveness or, more simply, a “currency war.”
International cooperation often depends on how many nations take part in negotiations. But what is the optimal number of actors for effective collective action and should EU nations states negotiate as many or as one?
JAN MAZZA AND JEAN PISANI-FERRY