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In a recent public intervention at the start of its new term, the Romanian Governor of the Central Bank, Mugur Isarescu, gave us some interesting insights into the local FX and money market developments. Practicing what he calls “FX intervention…
Read moreI recently had the chance to participate in the INSEAD Alumni Forum Europe 2019 reunion along with 600 participants, first-class panelists on topical subjects. A wonderful occasion to catch up on how the members of the economic elite in Europe…
Read moreOne week after the European elections, the results continue to generate comments and assertions. Most analyses tend to converge upon the idea that, fortunately, nationalist, populist and parties claiming sovereignty failed to make significant gains or anyhow, they stayed below…
Read moreGross Domestic Product, the GDP, is a measure of the added value produced in a country. It is stubbornly tracked and mentioned to trace national economic changes. GDP growth has been traditionally the sole desire of economic and political elites….
Read moreHuman civilization is faced with unprecedented challenges caused by a mixture of economic, demographic and climate-related factors. We would be misguided to imagine that “orthodox” solutions cautiously and slowly applied could actually work. It won`t happen. They will yield no…
Read moreThe globalization of the last decades has undeniably led to less poverty and higher standards of living for a significant number of people in developing countries. It has helped reduce worldwide economic polarization at the expense of increased social polarization…
Read moreThe political trends in Europe are worrying. Rising populist or nationalist parties overshadow the mainstream parties and thus endanger the European construction. As I already explained in a number of posts, in my opinion, the primary cause of the situation…
Read moreThe saga of appointing a European Chief Prosecutor goes on, but the appointment process seems to have hit a wall. Neither the European Parliament, nor the Council of the EU is willing to give up on their candidate. The two…
Read moreThe US Treasury yield curve has inverted as 3-month yield tops the 10-year yield. This is the first time that this has happened since 2007, and the WSJ noted that the move had preceded every recession since 1975. As the…
Read moreAnd that will happen irrespective of the political leanings of the party. This should not take us by surprise. It comes with the procyclical policies which have been the mainstay of Romania`s development over the last decades, a country that…
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