In The News

Democracy Will Survive Pandemic: Atlantic

Tom McTague May 14, 2020
With the Covid-19 pandemic democratic and authoritarian governments alike shut down economies and cracked down on public activities. To protect public health, large majorities in democracies acquiesce on surveillance and other controls that were once unthinkable. “Immunity certificates, mass testing, government surveillance, and a volunteer army of contract-tracing officials are no longer the...

German Court Ruling on ECB Asset Purchases: FT

Martin Wolf May 13, 2020
The German constitutional court ruled against the European Central Bank’s public sector purchase program, launched in 2015. Martin Wolf argues for the Financial Times that the move contributes to EU disintegration: “It is an attack on basic economics, the central bank’s integrity, its independence and the legal order of the EU…. The court “did not argue that the ECB had improperly engaged in...

COVID-19 Hits No-Degree Workers: Guardian

Kalyeena Makortoff April 26, 2020
Up to 52 million jobs in Europe are at risk during the pandemic for workers without a university degree, possibly leading to increased social inequality. They may face cuts to hours or pay, temporary furloughs, or permanent layoffs. Workers most at risk include those who work in close proximity to others such as retail staff, cooks and construction workers, while safer jobs consist of those who...

Nations Gradually Reopen Business: Washington Post

Rick Noack and Loveday Morris April 24, 2020
Several countries plan to ease coronavirus restrictions, implying the cautious optimism that life may return to normality. Germany, which took effective measures early, is slowly reopening businesses even though some scientists argue that the country should keep the restriction policy until tracking cases becomes easier, a strategy allowing for a greater degree of freedom in the long term....

Sweden’s Approach on Covid-19: Euronews

Darren McCaffrey April 22, 2020
Sweden rejected economic lockdowns and border closures as overly cautious in managing the Covid-19 pandemic. The country did ban large gatherings, closed some schools, and told its older population to self-isolate, reports Darren McCaffrey for Euronews. Restaurants, primary schools and most businesses remain open. The disease has not overwhelmed hospitals, and Swedish people support the approach...

US Energy Independence Is Dying: OilPrice.com

Irina Slav April 8, 2020
As COVID-19 spread worldwide, Saudi Arabia and Russia failed to agree on oil production limits. Russia suggested it would slash production only if the United States did likewise, putting a dagger into any notion of US energy independence. Many US firms reject a deal with OPEC or Russia. Production continues, global oil storage is running out; the US economy remains dependent on fossil fuels and...

EU and COVID-19 Economic Crisis: Financial Times

Ben Hall, Martin Arnold and Sam Fleming March 30, 2020
The European Central Bank plans to expand asset purchases by €750 billion over the next nine months, aimed at preventing a profound depression. Such a plan boosted the bond market in Europe, leading to decreased finance costs of EU member governments. Even though the ECB’s monetary interventions can partly alleviate the downward pressure on the economy, deeply divided national leaders focus on...