European Business Review

Edition: International | Greek

FOLLOW EBR MAGAZINE ON:

Although these two schools appear to oppose one another, both emphasize the fundamental uncertainty of reality and stand apart from the mainstream schools of economics, despite having many followers among entrepreneurs and non-academics. It is hardly surprising that this emphasis on fundamental uncertainty disturbs all those who fail in their predictions, as happened in Greece, during the global bubble of 2008, and during the coronavirus crisis in 2020.

The different faces of “Scientific Populism”

“If Ethics represents how we would like the world to be, economics represents how it actually is,” write S. Levitt and S. Dubner in their ingenious book Freakonomics

European leaders’ slow progress on these key policies contrasts with the speed of economic decline. Research by McKinsey analysts points to a dramatic widening between US and EU living standards unless there’s a decisive shift to boost productivity. They calculate that the present per capita GDP gap between Germany and the United States of $29,000 could increase to $48,000 by 2033 if Europe continues to stagnate economically.

The EU lacks the ’Big Idea’ to end its own policy chaos

Giles Merritt looks at the economic headaches vying for EU policy backing and calls for a far more strategic approach.

Magyar said talks with the EU had begun only a few weeks ago and already an agreement had been reached that was "really, really important for the Hungarian people". He said the EU funding amounted to 13% of the total Hungarian budget.

EU hails Hungary’s ’wind of change’ and unlocks €16.4bn for new PM Magyar

European Commission President Ursula von der Leyen has told Hungary’s new prime minister that billions of euros in EU funding are to be unlocked subject to his government pushing through a raft of "long-overdue reforms".

Pedro Sánchez has criticised the cases against his brother and wife, pointing to the fact that they originated in accusations made by far-right organisations.

Spain’s Sánchez digs in after eight years as PM as wave of scandals threatens survival

1 June marks exactly eight years since Pedro Sánchez became prime minister of Spain, but with his government and Socialist Party besieged by corruption investigations he is more likely to be plotting his political survival than celebrating.

Europeans should not shy away from naming things explicitly in their statements and marrying those statements with action. Otherwise, they are taking themselves off the global chessboard.

In the Middle East, Europeans Bow Down to the United States

Europe seems to have accepted its sidelining in the Middle East. The EU must reassert its support for the international rules-based order and step up engagement.