Economists have long warned of the negative consequences of excessive US public debt (e.g. Friedman 1988). Yet the US government’s public debt has risen dramatically
Financial distress affects roughly one in five adults in OECD countries (OECD 2024). It constrains access to credit, impairs labour market outcomes, and makes the
Europe must urgently strengthen its defence capabilities to secure strategic autonomy. The absence of such capacity leaves the continent vulnerable to economic and foreign policy