Italy

G7 Summit shows leaders are forgetting the lesson of the 1930s

G7 Summits began in the crisis years of the mid-1970s, bringing Western leaders together to tackle the big issues of the day – oil price crises, the Cold War with the Soviet Union and many others.  Then, as stability returned in the 1980s with the BabyBoomer-led economic SuperCycle, they became forward-looking.  The agenda moved to […]

G7 Summit shows leaders are forgetting the lesson of the 1930s Read More

“Disaster is still some way off” for Cyprus, as Germany prepares to vote

Back in April, the blog suggested that capital controls might remain for rather longer in Cyprus than the “few days or weeks” suggested by the central bank.  And a month later, the bank was still unrealistically claiming they would be lifted “as soon as possible”. Today, the blog’s own view that they could be in place “for […]

“Disaster is still some way off” for Cyprus, as Germany prepares to vote Read More

Fragments from the G20

3 years ago, many hoped the G20 group of the world’s wealthiest countries might work together to solve the global financial crisis.

Last week’s Cannes meeting ended that illusion.

Instead, its decision to abandon the Doha trade round, launched in 2…

Fragments from the G20 Read More