Paris Olympics and the French Economy

On 26th July, Paris will welcome 14,000 athletes from 206 countries, 9 million audience members and 4 billion television spectators to join the Olympic Opening Ceremony. French President Emmanuel Macron has articulated a vision for a “wide open” Games designed to spread opportunities and maximise the benefits for the long-term unemployed, small businesses and deprived communities. In his new year’s address Macron predicted the “Paris 2024 … Continue reading Paris Olympics and the French Economy

Germany’s economy – Sick or Tired?

It is well documented that Germany’s post world war recovery was remarkable, facilitated by the Marshall Plan (America’s post-war economic aid package to Europe) and its ordoliberal approach to the economy. By the Fall of the Berlin Wall, the economy of West Germany was the world’s second largest. Despite post-war fragility and economic stagnation in the 1990s, under the guidance of Angela Merkel Germany’s economy … Continue reading Germany’s economy – Sick or Tired?

Could the EU Collapse?

The European Union, since its creation in 1993, has always had to maintain a delicate balance between its control and the autonomy of its member states, to both uphold its rules and to allow a country’s culture and society to remain. Yet, it has so far delivered many benefits economically to its members states. However, with Brexit and the rise of right-wing, Eurosceptic parties across … Continue reading Could the EU Collapse?

Bust to Boom: Greece’s Economic Resurgence

It’s the summer of 2004 and Greece is at the centre of the world. Their national football team has just defeated hosts Portugal in the final of the European Championship to complete one of the most remarkable sporting underdog stories. In just a month, the Summer Olympics will be returning to the birthplace of the ancient Games – Athens – after a period of 108 … Continue reading Bust to Boom: Greece’s Economic Resurgence

How has the Ukrainian Conflict Impacted Global Economic Recovery?

Following Vladimir Putin’s invasion of Ukraine,  how has the Ukraine War conflict impacted global economic recovery? Joko Widodo, the Indonesian president, opened the G20 meeting by warning of the risks of the crisis to Ukraine on the global economy, “This is not the time for rivalries and creating new tensions that disrupt the… recovery, let alone endanger the safety of the world, as is happening in Ukraine,”. … Continue reading How has the Ukrainian Conflict Impacted Global Economic Recovery?

The Evolution of the Spanish Economy

Spain’s economic history has been a tapestry of conquest, exploration, colonization, and change. Over the centuries, the Spanish economy has evolved to take many different forms, from the glory of the Spanish Empire to its weakened state today. In this article, we will take a journey through time and explore the key periods and trends that have shaped Spain’s economic environment.  The Age of Discovery … Continue reading The Evolution of the Spanish Economy

Black Wednesday 1992: Lessons in Disaster 

In the weeks following Wednesday 16 September 1992, the Pound crashed 25% against the US Dollar. Dubbed ‘Black Wednesday’ or the ‘Sterling Crisis’, the chaotic events of that day would have a lasting impact on Britain’s economy, politics and relationship with Europe. But despite this fact, the causes and effects of the 1992 Sterling Crisis are still not widely understood among the general public today.  … Continue reading Black Wednesday 1992: Lessons in Disaster 

The Euro’s Fundamental Problems

To conduct international trade and financial transactions, a reserve currency is necessary to eliminate the costs of settling transactions, involving different currencies. Prior to reserve currencies, the gold standard was used to align all currencies, but Gold did not grow at a pace with the real economy and caused crashes as a result. The financial economy has to grow faster than the real economy, otherwise … Continue reading The Euro’s Fundamental Problems

Stresemann and the Dawes Plan

The years following the Great War saw Germany in economic and political which peaked by 1923. The country was plunged into a period of hyperinflation and high unemployment, while the government struggled to maintain order and stability. However, through the policies of Chancellor Gustav Stresemann, the economy was rejuvenated, bringing about the ‘Golden Age’ of prosperity in Germany. Stresemann’s most influential policy, the Dawes Plan, … Continue reading Stresemann and the Dawes Plan

The Euro – a flawed currency?

The Euro is the official currency of the Eurozone, a currency union consisting of 20 out of the 27 European Union member countries, with Croatia being the most recent to adopt it on the 1st of January 2023. Initially, the Euro was launched as a virtual currency on the 1st of January 1999, only used for things such as accounting and electronic payments. Initially, eleven … Continue reading The Euro – a flawed currency?