Home economy

Category: economy

Eurozone: The banking union as a solution

From a budgetary point of view, this compromise can only lead to a kind of status quo. The institutional architecture will stay close to that drafted by the 2011-2013 reforms that were based on unilateral recoveries in competitiveness. All transfers between states will be conditioned and will do nothing to help rebalance the eurozone. They will […]

Looming financial crisis: A self-fulfilling narrative?

Happy New Black Clouds? The standard wishes for a Happy New Year seem almost out of place for many, given the black clouds[1] that seem to be gathering over the economy of the United State of America (US)[2] and the political threats to the economy existing in the European Union (EU).[3] The proximate causes are […]

Panorama 2019: 36 “up and down” trends for the year ahead

As every year, LEAP is presenting a brief overview of the major ‘up and down’ trends[1] for the coming year. Besides the intellectual value of this contribution, which, of course, reflects many of the analyses of  our researchers over the last few months, the aim is to provide a better understanding of the main issues […]

African Union: One road, One continent, One currency. The end of the CFA franc

Africa! The second largest continent in the world after Asia, both in size and population[1], and also one of the poorest[2] is shaken by internal conflicts and wars. But above all, it’s a continent with one of the youngest age pyramids in the world[3]; so many opportunities open for the future and for hope in […]

September 2017 – Euro crisis: The ECB loses its independence

The post-Brexit Europe does not need the extreme right-wings, it is already lining up with the national-European model proposed by the British. The antagonism between European and national levels, which has dramatically increased within the crisis, due to a lack of democratic anchoring at the European level, has led in just 6 months to a […]

Germany: An Arrhythmia at the Heart of Europe

We anticipate that this European state will face several economic, cultural and political difficulties this year and next. First, the rise of the euro will hurt German exports; the stabilisation of oil prices prohibits the oxygen balloon effect of prices declines of 2015; failure of the migrant strategy puts Germany face to face with all […]

Investments, trends and recommendations (Sept 2017)

Peer-to-peer economy 0 – Traditional Economy 1 In this GEAB bulletin the article dealing with the Airbnb and similar businesses shows that the “traditional” economy has not yet said its last word, although the peer-to-peer economy as a whole has a very bright future. A few years ago or even recently it was particularly wise […]

Oil: Determining the date of the tipping point

Our readers know what the dollar is becoming – a currency like any other. Also, they will not be surprised to learn that  oil is following the same path and becoming a source of energy like any other. First, have a look at the following graphs of global energy and oil consumption; one from the […]

Savings in eurozone at heart of risk of new global financial crisis

Ten years after the Lehman Brothers collapse, the fear of another major financial crisis hasn’t totally disappeared. In a recent forum, Nouriel Roubini, one of the economists who had anticipated the 2007-2008 crisis, announced for 2020 the possibility of a new financial crisis, plunging the global economy into recession. For him, all the ingredients of […]

Arctic Ocean, 2020-2050: New maritime routes and a geopolitical game-changer

We are free to be cynic whilst looking ahead to our future and anticipating. When new situations occur, we must not hesitate to analyse them thoroughly and try to extract unexpected advantages from them, no matter how politically incorrect it might be. If we use this approach when analysing the future of oceans, we can […]

Europe 2018: The EU unplugged

We have been anticipating for many months a political takeover by the national level all over the world. This takeover has emerged as a necessity linked to the structural incapacity of supranational levels of governance (patiently put in place during the second half of the twentieth century) to trigger the reforms imposed by the huge […]

2018, between economic upturn and restored prosperity

News on the economic front is less severe. The recovery is expected to continue in 2018, partly on the basis of these various returns to slight forms of protectionism; a protectionism which, for now, is structured on the basis of large national and supranational entities, and stays open. It is a realignment rather than a […]

US Debt / Inflation: The FED as a support tool for Mr Trump’s objectives

At the beginning of February, the US stock markets, followed by the financial markets of the rest of the world, experienced a violent correction. In two days, the Dow Jones Index erased its January gains and entered a downward spiral. Since then, the financial world has been looking feverish. The correction developed its own momentum, […]

European Trade Agreements – 2019: Death of the Swan

Brexit seemed to have opened up the long-awaited project of redefining the functioning and objectives of the European machine. But today Brussels prefers to boast about the UK’s difficulties, and, thinking of itself as unavoidable, it is undertaking to unearth all its bottom drawer projects. Hence, over the heads of the citizens, a whole bunch of […]

2018-2020, Airbnb and others: End of the gold rush, possible turning point

The “peer-to-peer economy” has increased extensively and suffered transformations due to the development of giant commercial players such as Airbnb. The growth of this tourist property-renting website between individuals is indeed quite impressive. Figure 1 – Number of travellers who use Airbnb each summer, 2010-2015. Source: Airbnb. Despite this dizzying curve as well as the […]

2017-2020 / Euro crisis: A compromise solution for a non-democratic Euroland

In the GEAB no 109 of November 2016 we wondered if “the euro would survive beyond the year 2017”. Five months later, we wish to deepen and complete our analysis. One reason for the weakness of the euro comes from the political anaemia of the euro zone, which is ultimately far too un-integrated to afford […]

Euro governance / Horizon 2020: The inevitable evolution of the ECB’s unique mandate

The financial crisis followed by the debt crisis has led to a substantial change in the mandate of the European Central Bank (ECB) and to more political provisions. The ECB has acquired implicit mandates to safeguard the euro but also an economic policy which all go far beyond the original objective of price stability. The […]

A political anticipation calendar of future events: February-May 2017

February 15-16 / Astana: Next round of peace talks on Syria The peace in Syria initiative launched by Russia, Turkey and Iran in the wake of the December 29 ceasefire agreement continues. The capital of Kazakhstan, Astana, will be hosting a new meeting on February 15 and 16, to which the United States, the United […]