Recent Posts

No, the UK won’t rejoin Europe anytime soon

Outside of Britain it’s commonly assumed that the country regrets its decision to leave Europe. Indeed European Parliament Brexit Representative Guy Verhofstadt suggested recently that one day the UK might rejoin the EU. It’s also a view some inside Britain cling to as well; and yet there’s very little evidence to support it. Ever since the Brexit vote in June ...

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Mexico and its workers didn’t hit the jackpot with Nafta

Since 1993, the year before the North American Free Trade Agreement (Nafta) went into effect, per capita gross domestic product in Mexico is up about 26 percent in real terms. That’s a lot better than the outright decline in per capita GDP that the country had experienced over the course of the 1980s. But it’s nowhere close to the 41 ...

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ECB sees scope to wait until July meeting to signal QE end

Bloomberg European Central Bank policy makers see scope to wait until their July meeting to announce how they’ll end their bond-buying program, according to euro-area officials familiar with the matter. Governing Council members want sufficient time to judge if the economy is overcoming its first-quarter slowdown, the officials said, asking not to be identified because the internal deliberations are confidential. ...

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