…as the eurozone overtakes the United States of America.
FRANKFURT (AFP) — The dollar’s plunge has made the eurozone the world’s biggest economy by one measure and has underscored shifts that are reorienting the 15-nation bloc towards Asia, Russia and oil-rich Gulf states, analysts say.
“With the euro now trading around 1.56 against the dollar, the size of its annual output (at market value) has exceeded that of the United States,” US investment bank Goldman Sachs estimated last week.
If the politics of climate change end up polarised, is that so bad? No – it’s disastrous. Or so I’ve long thought. Look at the US – where climate is even more polarised than abortion. Result: decades of flip flopping. Ambition under Clinton; reversal...
Official development assistance (ODA) – or aid – is a small but conspicuous pillar of the international order, and its frailties are being exposed by COVID as surely as those of the other foundations of this order. The assumptions underpinning aid and its management...
Since its onset, one striking feature of the coronavirus pandemic (COVID-19) has been the narrative power of its novelty. This global narrative depicts COVID-19 pushing humanity towards a ‘historical divide’ of BC and AC (before and after COVID-19), where unknown,...