The Sustainability of European Industry in the Energy Crisis

Eurometaux is the European agency representing producers, processors and recyclers of non-ferrous metals. Its ranks include some of the largest European industries and the most iconic ones belonging to the respective sectors in Europe, which have a turnover of 120 billion euros and directly employ 500 thousand workers. The text of the positions which he …

Why the EU’s Proposal to Impose a Cap Only on Russian Natural Gas is Wrong?

In the past two weeks the structural pathologies responsible for the EU’s energy gridlock have combined with a series of extreme weather events – such as unprecedented drought – to record unimaginable energy prices. The day-ahead electricity prices in France, the EU’s traditional electricity exporting power, reached on September 2 even above 1,000€/MWh, while natural …

The New Successful Business Model

What do tech giants like Apple and Microsoft, global online retailers like Amazon and Ebay, leading payment and financial services companies like Visa and Mastercard, popular online game developers like Riot Games have in common, but also social media companies such as Meta (Facebook) and TikTok? While at first glance it may not be obvious …

The Limits of “Economic Orthodoxy”

Every year the executives of the US Federal Reserve System gather in Jackson Hole, Wyoming for an annual financial symposium. At this year’s meeting, everyone was expecting the position of Fed chief Jerome Powell. And the message from the American central banker was clear: at the moment the priority is to reduce inflation. The direction …

The US “Productivity Paradox” appears again

The recent release of data on non-farm labor productivity in the US economy confirmed concern about a continued downward trend in this critical indicator. Labor productivity fell in the second quarter of 2022 by 4.6% as output fell by 2.1% and total hours worked increased by 2.6%. Compared to a year ago productivity fell by …

Risk Management in the Digital Transformation of Businesses

The rapid scaling of innovation and emerging technologies have fundamentally changed the way products, services and business operations are delivered. Recognizing, understanding and addressing new risks associated with digital transformation and innovation will help businesses take the right actions and decisions to deliver greater value in the future. Risk management should be an integral part …

What do the Spread Control Mechanism mean for the EU Economy?

The 50 basis point increase in the ECB’s deposit rate, double what the ECB had initially communicated and in line with the hawks’ wish, was combined with the announcement of a new spread control tool, the Transmission Protection Instrument (TPI). The threat of recession is greater in Europe: the war in Ukraine and the energy …

How Can Fiscal Policy Tackle Stagflation?

Economic policy generally has many objectives. To increase income and employment, to keep prices stable, to ensure the sustainability of public finances, to provide adequate liquidity conditions and so on. Usually these goals relate to reactions to economic disturbances, such as an economic crisis, a pandemic, a war, or anything that threatens the financial well-being …

Stagnant Inflation Management

In recent times, the global economy has entered a strong inflation component based on ever-increasing energy and food prices. If the causes of price increases are limited to the region of Europe, and given that the EU is purely an importer of energy, one could argue that this is an “imported inflation” over which monetary …

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