That was a strong piece. Donald Trump used his inauguration speech to tell the rest of the world that his America doesn’t give a damn about what happens in other countries and to the world as a whole. ‘Splendid Isolation’ was the term used in the past; …
The Financial Times reports in an interesting article on the Argentine currency strategy. Apparently, President Javier Milei has decided to focus on the so-called anchor approach in the fight against inflation. An anchor approach means that you try to manage your own currency against a stable currency such as the US dollar in such a way that the depreciation of your own currency is significantly lower than the inflation differential with the anchor country. …
In libertarian circles, where the leader of the German liberals, Christian Lindner, regularly moves, it has become chic to refer to the ‘successes’ of the Argentine president elected a year ago, thus creating the impression that shock therapy could also be appropriate in this country. …
Isn’t it amazing that almost at the same time as the future president of the United States is sending blatant threats across the Atlantic regarding Europe’s current account surpluses, the European Commission and the most important national governments in Europe have hardly any other topic on their agenda than improving international competitiveness. …
