Publications

On April 2, 2025, President Donald Trump declared “Liberation Day”, launching a dramatic protectionist turn that may trigger the greatest global economic disruption since the Great Depression. He announced a…

Wealth taxes are present in most European countries, but they still form a relatively small share of tax revenues. Indeed, politicians keep referring to wealth as a fat tax base…

We don’t know whether the trade war triggered by President Donald Trump stems from his ignorance of the potential consequences, it is a poorly conceived strategy of “conquering” global markets,…

The European Union has long positioned itself as a global climate leader, promoting policies to cut emissions and enhance sustainability. One of its latest initiatives, the ReFuelEU Aviation regulation, mandates…

Introduction Germany, by releasing its Debt Brake and borrowing more itself, will use up the capacity the markets rely on to bail out the euro. Markets complacently believe the €1.5…

When Donald Trump vowed to dismantle Washington’s bureaucracy, few expected Elon Musk to lead the charge. Yet, Musk now heads the Department of Government Efficiency (DOGE), a White House task…

Introduction Keir Starmer’s desire for a re-set of the UK’s relationship with the EU has ceased to be a two-dimensional, bilateral discussion with EU negotiators. It has become a four-dimensional…

Introduction The new USA government is about to introduce fresh elements into developments regarding monetary policy, banking and finance.  New tariffs and a ring of security measures will make an…

Introduction The European Central Bank (ECB) issued its 2024 annual report on 20th February and revealed that it now has negative capital.1 What with the German elections delivering a stalemate,…

CBA is rarely used to evaluate public investments or policies. Environmental regulation is usually implemented by imposing limits and bans in the absence of evaluation. This is the case, for…