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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.

Labour’s base may want a closer relationship with Europe. But the voters who delivered its record breaking massive 166 seat majority, do not want the Brexit fight back on the table. They want competence, stability and delivery.

Labour’s Brexit Bind: Why Reopening the EU Question Will Not Help It Politically

Labour has only been in power for two years, and already it’s flirting with the one issue guaranteed to blow holes in its electoral support: Europe.

Mélenchon, who promised to fix the domestic policy “damages” of the liberal president Emmanuel Macron, also had Washington in his crosshairs.

Mélenchon takes on the EU

He called for a Europe ’free from the destructive principles of liberalism’

Democrats had refused to support funding earlier this year for ICE or Customs and Border Protection (CBP) following two deadly shootings in Minnesota involving federal immigration officers, leading to the partial shutdown of the Department of Homeland Security (DHS).

US Senate approves $70bn for Trump immigration agencies

The US Senate has approved more than $70bn (£52bn) in funding for President Donald Trump’s immigration agencies.

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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.

Europe

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

Tuesday, June 2, 2026

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".

more on Europe

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.

World

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

Tuesday, June 2, 2026

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.

more on World

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.

Europe

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

Tuesday, June 2, 2026

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.

more on Europe

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Since Russia’s full-scale invasion in 2022, most have pursued a policy of isolation and sanctions, and not all agree on the wisdom of initiating even limited contacts.

Analyses

Can EU find a Russia whisperer to mediate an end to war in Ukraine?

Wednesday, May 27, 2026

Ukraine is urging the EU to help negotiate an end to the war with Russia, a topic that will be discussed in detail at an informal meeting of European foreign ministers in Cyprus.

Tsipras framed the launch as an effort to mobilize voters who had withdrawn from political life, focusing on low wages, housing pressures, insecurity, the rising cost of living and what he described as the erosion of social rights and democratic standards.

Europe

New Tsipras party reshapes Greek politics

Wednesday, May 27, 2026

Former PM attacks government corruption, positioning ELAS as country’s new progressive opposition force

In an astonishing move for a nation that for centuries has prided itself with good reason to have a clear grasp of its economic self-interest in international affairs, Britain swapped free access to the mightiest trading block in the world for relative isolation.

World

The 2029 British General Election Will Be Fought Over Europe

Wednesday, May 27, 2026

It is high time for a bold prediction.

Today, EU enlargement no longer benefits from the permissive consensus that accompanied post–Cold War integration. Instead, it is the go-to scapegoat for all the ills of member states. What’s more, enlargement takes place amid geopolitical insecurity, migration anxieties, democratic backsliding, economic uncertainty, and declining trust in institutions.

Analyses

EU Enlargement Forgets Europeans

Tuesday, May 26, 2026

Preparing candidate countries for EU membership is no longer enough. As the enlargement process becomes a reality, the union must also prepare its own societies.

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Since Russia launched a full-scale invasion of Ukraine in February 2022, the US’s European allies have urged Washington to remain committed to their defence.

World

Rubio tries to reassure Nato allies over US troop deployments

Tuesday, May 26, 2026

US Secretary of State Marco Rubio has tried to reassure allies over US decisions on troop deployments in Europe.

more on World

Since his return to the White House, Trump has routinely derided NATO as an unfair organization. He has severely undermined the credibility of the alliance’s collective defense promise by stating countries shouldn’t own land they can’t defend, and, latterly, has threatened it outright, warning in an interview to the Financial Times that NATO faces a “very bad” future if U.S. allies fail to assist in opening up the Strait of Hormuz.

Analyses

Trump Turns NATO into a Tool of Coercion

Wednesday, May 20, 2026

The full list of humiliations Europe has endured since Donald Trump returned to the White House makes for grim reading. But Washington’s adversarial approach to its allies undermines its own power base.

more on Analyses

Since Russia’s full-scale invasion of Ukraine in 2022, Moscow has become increasingly dependent on Chinese components for its war machine. A recent Bloomberg report found that Russia was importing more than 90% of its sanctioned technology from China, a 10% increase on the previous year.

World

What really holds China and Russia together

Wednesday, May 20, 2026

While some in Washington may have been hoping that Trump could wean Beijing off Moscow, such hopes appear little more than wishful thinking.

more on World

European leaders have indicated that the UK would be welcome back in principle, yet only on standard terms, reflecting a desire to protect the integrity of the bloc. There is goodwill—but little appetite for reopening bespoke British exceptions.

Analyses

Britain and Europe: The Long Road Back

Tuesday, May 19, 2026

Wes Streeting’s call for Britain to rejoin the European Union, and Andy Burnham’s more cautious but still sympathetic noises, signal something important: the question of EU membership is no longer taboo in mainstream politics.

more on Analyses

The deterioration of Europe’s military strength is alarming, yet not as apparent as defence chiefs would wish. Governments’ response to US President Trump’s criticism of their NATO spending has been to focus on increased defence budgets, even though these are just promises to be honoured in years to come.

Europe

Silence surrounds the fate of the EU’s ’European army’ call

Tuesday, May 19, 2026

Giles Merritt contrasts the sound and fury of Trump’s threats to NATO with EU governments’ muted response to the idea of a ‘European army’.

more on Europe

EU Actually

An as usual divided EU is looking for a more assertive China strategy

N. Peter KramerBy: N. Peter Kramer

In his weekly column, N. Peter Kramer writes about the laborious efforts of the EU member states to find a more assertive China strategy.

Europe

Mélenchon takes on the EU

Mélenchon takes on the EU

He called for a Europe ’free from the destructive principles of liberalism’

Business

Hotpot, bubble tea and sportswear: China’s new exports take on the world

Hotpot, bubble tea and sportswear: China’s new exports take on the world

Step into pretty much any shopping mall in Singapore and you’re likely to find queues snaking outside shops with catchy names and bright-coloured branding.

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