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A new report from ECFR on Russia makes startlingly depressing reading: The economic crisis has exposed a governance crisis inside Russia: even Putin now admits that as much as 80% of Kremlin orders have been ignored in the regions. Instead of modernising, Russia in...
Doug Saunders of Canada's Globe and Mail has an interesting post on whether the economic boom that lasted from the early 1990s to the late 2000s was worth it. He concludes, on the basis of incomes, home ownership rates and household debt in the US, Canada and Europe,...
"It is disappointing that the country cannot liberate itself from the desire to subsidise borrowing to finance house purchases," complains Martin Wolf in his review of George Osborne's autumn statement. "Why should the government subsidise people to speculate on...