Europe’s banks have often complained about too much regulation hampering their ability to lend. The Covid-19 epidemic shows that when times are bad the real constraint lies elsewhere: in the financial markets. The European Central Bank (ECB) has gone to great lengths during the coronavirus crisis to ensure that lenders can keep pumping credit into the economy. It immediately provided ...

As the coronavirus crisis rinds on, many companies and university research labs are trying to develop vaccines. Let’s hope one of them achieves a breakthrough — the sooner the better. But as my Bloomberg Opinion colleague Max Nisen pointed out recently, the challenge doesn’t stop there. Once a vaccine is found, you have to manufacture it and deliver it to ...

If we have learned anything during the Covid-19 pandemic, it is that the quality of national healthcare systems contributes to healthy economies. South Korea, Taiwan and New Zealand, the countries with the fewest coronavirus cases and deaths per million people, are proving that right now. The link between economic and physical health also happens to be at the core of ...