Edition:
United States

Paul Wallace

COLUMN-Commentary: The case for reforming Europe’s budgetary rules

Dec 21 2018

Dec 21 This week’s compromise between Rome’s populist government and the taskmasters in Brussels rewrites the fiscal script for 2019. Gone is the impending choreographed bust-up, culminating in the first-ever fines imposed on a budgetary miscreant. Spared that drama, European leaders should now overhaul Europe’s hopelessly convoluted fiscal rules.

Commentary: The case for reforming Europe’s budgetary rules

Dec 21 2018

This week’s compromise between Rome’s populist government and the taskmasters in Brussels rewrites the fiscal script for 2019. Gone is the impending choreographed bust-up, culminating in the first-ever fines imposed on a budgetary miscreant. Spared that drama, European leaders should now overhaul Europe’s hopelessly convoluted fiscal rules.

Commentary: May’s Brexit deal ignores Leavers’ real grievance

Dec 07 2018

Theresa May has been stomping the length and breadth of the United Kingdom to make the case that her Brexit deal with the European Union is the only way to bring a divided country together. She hopes that the public will put pressure on members of parliament to eventually back the agreement even if they reject it in their vote on Dec. 11. But the prime minister’s claim is specious. Leaving the EU on her terms will actually make it harder to bridge the deep fissures that the 2016 referendum revealed and magnified.

Commentary: Lessons in forgiveness, a century after World War One

Nov 08 2018

World leaders including U.S. President Donald Trump and Russian President Vladimir Putin will gather in Paris on Sunday to commemorate the armistice of Nov. 11, 1918. The centenary is a natural occasion to reflect upon abiding lessons for today from the tragic and seemingly pointless carnage of the “Great War.” The central question is why the peace that followed proved to be no more than a fragile and unstable intermission between two global conflicts – and what modern-day Europe can learn from the mistakes of those interwar years.

COLUMN-Lessons in forgiveness, a century after World War One

Nov 08 2018

Nov 8 World leaders including U.S. President Donald Trump and Russian President Vladimir Putin will gather in Paris on Sunday to commemorate the armistice of Nov. 11, 1918. The centenary is a natural occasion to reflect upon abiding lessons for today from the tragic and seemingly pointless carnage of the “Great War.” The central question is why the peace that followed proved to be no more than a fragile and unstable intermission between two global conflicts – and what modern-day Europe can learn from the mistakes of those interwar years.

Commentary: Why Britain’s economy will be more European after Brexit

Oct 25 2018

The black hole that is Brexit is now exerting its gravitational pull on the UK budget. Beset by uncertainties about reaching a deal with the EU, chancellor of the exchequer Philip Hammond is expected to stall when he presents his plans to the House of Commons on Oct. 29 – doing as little as possible. But that will only postpone a looming confrontation with fiscal reality, which will dash Brexiter hopes and confound European fears of Britain turning into a low-tax competitor outside the EU. Instead the British state will turn more European with higher levels of tax and spending.

COLUMN-Why Britain’s economy will be more European after Brexit

Oct 25 2018

Oct 25 The black hole that is Brexit is now exerting its gravitational pull on the UK budget. Beset by uncertainties about reaching a deal with the EU, chancellor of the exchequer Philip Hammond is expected to stall when he presents his plans to the House of Commons on Oct. 29 – doing as little as possible. But that will only postpone a looming confrontation with fiscal reality, which will dash Brexiter hopes and confound European fears of Britain turning into a low-tax competitor outside the EU. Instead the British state will turn more European with higher levels of tax and spending.

Commentary: Why the EU should cut Brexit Britain a break

Sep 18 2018

In scarcely more than six months Britain will leave the European Union. That departure on March 29, 2019 could be toxic and disruptive through a failure to reach a deal, hurting Britain most of all, but the EU as well. Or there could be an amicable parting of the ways. For this to happen European leaders meeting in Salzburg this week must now give some ground as the negotiations enter their final stage.

Commentary: Don’t cheer Greece’s bailout exit just yet

Aug 20 2018

For once Europe has an exit to celebrate rather than dread. On Monday, more than eight years after its first euro zone bailout, Greece left its third financial rescue program. This is a welcome Grexit, but before popping open the champagne it’s important to remember that Athens remains in thrall to its European creditors, who have failed to put the Greek economy on a sustainable footing.

COLUMN-Commentary: Don’t cheer Greece’s bailout exit just yet

Aug 20 2018

Aug 20 For once Europe has an exit to celebrate rather than dread. On Monday, more than eight years after its first euro zone bailout, Greece left its third financial rescue program. This is a welcome Grexit, but before popping open the champagne it’s important to remember that Athens remains in thrall to its European creditors, who have failed to put the Greek economy on a sustainable footing.

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