Far from leading to substantive reforms, Rome’s new line on immigration risks deepening the rift in the EU.Read More »
Facing up to the Long-term Fiscal Challenges
The great recession left nearly all advanced economies with substantially higher debt-to-GDP ratios and in many cases with lingering economic weakness that further complicates short-term efforts at fiscal consolidation. But the longer-term challenges the Western economies face are in many cases related to the future fiscal challenge of growing primary deficits.Read More »
Can a Divided Europe Handle the Refugee Crisis?
Deaths at sea and a chaotic refugee influx reflect the failure of European Union leaders to settle on a common immigration policy, one of Italy’s top elected officials tells ProPublica.Read More »
Megadrought May Drive Up Olive Oil Prices
Spain produces around half the world’s olives and is the number one producer of olive oil. The drought has speculators, including forecasting agency Oil World, worried that olive yield could drop up to 40 percent year-over-year in 2014.Read More »