Cross-posted from Brussels Morning (https://brusselsmorning.com)
Turkey has fallen into a traditional carry-trade trap that is destabilising its currency; the structural solution to the challenge at hand would be to join a currency bloc.
The Turkish lira’s exchange rate has been in the international financial markets’ focus for months. …
Cross-posted from Brussels Morning (https://brusselsmorning.com)
The US is deploying approximately 25% of its GDP to bolster the economy in comparison to a more timid approach from Europe, the former will likely prove better for labour market recovery.
There is now hope that the global economic situation will rebound as the pace of vaccination picks up. …
Cross-posted from Brussels Morning (https://brusselsmorning.com)
You could have guessed it: As soon as the end of the Corona crisis is in sight, the inflation alarmists of all countries come out of their holes painting horror scenarios of hyperinflation.
In the US, …
Cross-posted from Brussels Morning (https://brusselsmorning.com)
“Poor guy,” I thought at first when I heard that Mario Draghi had accepted a mandate from the President of Italy to form a new Italian government. But upon a little more reflection, I realized that Mario Draghi may well be “the poor man,” but for Italy he probably represents a once-in-a-lifetime opportunity. …
