The Globalist

Corruption and debt darken the global outlook for democracy.

We are no fans of neo-liberalism. But look who is now suddenly disavowing it.

Goldman Sachs has to deal with unprecedented punishment for bribery.

The failure of multilateral strategic decision-making in these COVID times has been led by the Trump Administration and its bizarre attacks on international institutions.

The German government and the EU have very compelling legal defenses against any claims for damages because of stopping the North Stream 2 gas pipeline project.

Reforms proposed after the fintech scandal will not be enough to fix a shaky banking sector.

Germany looks at a solid, but uneven economic rebound from the pandemic, largely based on a pronounced home bias in economic activity.

Donor governments do not have to fund poor country debt relief from their fiscal budgets. They can tap long-unused reserve assets available at the IMF called Special Drawing Rights (SDRs).

With regard to the EU’s own financial resources, Europe is taking another page from U.S. financial history.

Corruption is bad today, but bound to get worse. Governments’ response to the COVID 19 pandemic amplifies the opportunities for abuse.