Europe should stop financing the unsustainable US budget and overextended oligopolistic private sector. The money should be invested in Europe instead.

While Europe is occupied with the complexities of the Draghi Report's recommendations, the more important gap between Europe and the US - in AI - has been left unaddressed. This must change.

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Sintra was encouraging in several ways, including the clarity about the ECB's reaction function as well as the impression of Kevin Warsh at his first international outing as Fed chair.

Getting ready for our annual summer solstice fest. Come join us...

US leadership in AI rests on past governments' support for science, immigration, and foreign capital. President Trump has reversed those policies and replaced them with clientelism.

Despite the gloom about its place in the digital economy, Europe has produced tech leaders.

Beyond the June central bank meetings, deeper challenges loom: fiscal dominance for the Fed and the limits of inflation targeting for the ECB amid recurring external price shocks.

Europe is under triple attacks from the US, China and Russia. Too often, the responses are too modest, which encourage further aggression. Europe has the means to fight back if it wants to. It should.

Thursday's local elections revealed a deeply "Divided Kingdom" and the end of Starmer. The UK must now define relations with EU - and close the gap between low taxation and people's welfare demands.

US and eurozone GDP growth was more alike in Q1 than suggested by the headline numbers. With US debt still fuelling the economy, threatening monetarisation, Jay Powell decided to stay at the Fed.

Global imbalances are about US fiscal irresponsibility and China's predatory trade policy. But Europe and the rest of the world stand to suffer. Protective, but constructive, policies are needed.

The US has become the most indebted major economy to the rest of the world - by far. Policies are making it worse, not better. Big, and wide-spread, market correction ahead during 2026-27.

Reflections on this past week: excellent from the ECB, relief that Powell will stay at the FOMC (standing up to Trump), a mess-up by the Bank of England.

The price shock triggered by the US-Israeli attack on Iran complicates monetary policy in Europe and elsewhere. For central banks, words will speak louder than actions.

The price shock triggered by the US-Israeli attack on Iran complicates monetary policy in Europe and elsewhere. For central banks, words will speak louder than actions!

February has delivered important illustrations of the beauty of Europe, particularly compared with the US, across policy decisions, economic and markets performances - and confirmed by a fieldtrip...

It’s been a bad week for Trump: Mark Carney stole the Davos show with his masterful speech, and Europe made him TACO on Greenland.

It’s been a bad week for Trump: Mark Carney stole the Davos show with his masterful speech, and Europe made him TACO on Greenland.

I reflect on the year that has passed. I summarise 10 key lessons I learned – and I make one prediction for 2026, namely that there is still no better place to live, and invest, than in Europe.

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Europe is about to agree an era-defining support package for Ukraine, supported by the European Commission. In economic policy matters, however, the Commission president seems to have lost her way.