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The key to the survival of the planet? A group of countries never seen before.

Published at: 14-05-2019

Posted on: May 14th, 2019 by RaduC No Comments

Human civilization is faced with unprecedented challenges caused by a mixture of economic, demographic and climate-related factors. We would be misguided to imagine that “orthodox” solutions cautiously and slowly applied could actually work. It won`t happen. They will yield no results or if they do, it will be too late. What is required is a […]

The Challenging Rise of China

Published at: 22-04-2019

Posted on: April 22nd, 2019 by RaduC No Comments

The globalization of the last decades has undeniably led to less poverty and higher standards of living for a significant number of people in developing countries. It has helped reduce worldwide economic polarization at the expense of increased social polarization in the developed countries. China is probably the most revealing success story as to how […]

The missing pillar of Europe`s political stability

Published at: 14-04-2019

Posted on: April 14th, 2019 by RaduC No Comments

The political trends in Europe are worrying. Rising populist or nationalist parties overshadow the mainstream parties and thus endanger the European construction. As I already explained in a number of posts, in my opinion, the primary cause of the situation is economy-related. The mechanism which made economic prosperity for the European citizens after WWII and […]

The European Chief Prosecutor saga, the euro area saga

Published at: 05-04-2019

Posted on: April 5th, 2019 by RaduC No Comments

The saga of appointing a European Chief Prosecutor goes on, but the appointment process seems to have hit a wall. Neither the European Parliament, nor the Council of the EU is willing to give up on their candidate. The two institutions are the two European co-legislators whose work is underpinned by the principle of co-decision […]

Lessons for emerging economies, Romania included

Published at: 24-03-2019

Posted on: March 24th, 2019 by RaduC No Comments

The US Treasury yield curve has inverted as 3-month yield tops the 10-year yield. This is the first time that this has happened since 2007, and the WSJ noted that the move had preceded every recession since 1975. As the clock is ticking towards a new recession (or crisis?) the question on everybody`s lips is: […]

Romania – The next will be a government of sacrifice

Published at: 22-02-2019

Posted on: February 22nd, 2019 by RaduC No Comments

And that will happen irrespective of the political leanings of the party. This should not take us by surprise. It comes with the procyclical policies which have been the mainstay of Romania`s development over the last decades, a country that boasts the highest level of economic volatility in the EU. It brought on record growth […]

Who here wants euros?

Published at: 08-02-2019

Posted on: February 8th, 2019 by RaduC No Comments

Romania has a new target date to join the eurozone:2024. That was an occasion for me to update the graph that tracks the many deadlines to join the eurozone that Romania has had over the years. The arrows start from when the announcement was made and stop in the expected year of accession. As you […]

The future of the Romanian mandatory private pensions hangs in the balance

Published at: 03-02-2019

Posted on: February 3rd, 2019 by RaduC No Comments

No business in the world is possible unless one condition is met: that both clients and shareholders perceive it as being useful to them. Should one of the two partners fail to see the benefit is enough to start questioning its future. Bloomberg announced that the treason charge against supermarkets by president Erdogan for their […]

On the trinity for the economic agnostics

Published at: 25-01-2019

Posted on: January 25th, 2019 by RaduC No Comments

“Somebody asked me the other day if I saw a threat of a self-induced crisis in Romania despite a stable international environment. A legitimate question because, in my opinion, if the 2008 world crisis hadn`t happened Romania might have been carried on with the massive current account deficit at the time. Because capital inflows would […]

The wealth destruction of the Romanian households

Published at: 11-01-2019

Posted on: January 11th, 2019 by RaduC No Comments

I know that it sounds grand and dramatic. Mainly in Romanian, as in the Anglo-Saxon financial literature the notion of „wealth destruction” does not herald a piece of tabloid news. The concept is as serious as it gets, discussed in earnest and debated even at academic tables. A Reuters title announced that 2008 alone saw […]

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