The EU also needs what it can’t bring itself to create right now: joint guarantee on deposits. Photo: Bloomberg
World output will probably grow 3.7% in 2018, the best in years, before slowing to 3.6% in 2019, says OECD in a semi-annual report. Photo: AFP

OECD warns markets too optimistic

1 min read . 29 Nov 2017
In the 12 years of her chancellorship, Angela Merkel has never been so weak. Photo: Reuters (Reuters)
Photo: Reuters

The euro’s narrow path

4 min read . 18 Sep 2017
In this new financial world, central banks’ independence is becoming meaningless. Photo: Bloomberg

The promise of fiscal money

4 min read . 07 Sep 2017