Article & News

Author: GECMagz

Economy
Why Europe needs Eurobonds

The 2024 reform of the EU fiscal framework makes fiscal adjustment more country-specific and less procyclical. However, it does not eliminate two fundamental tail risks:

Innovation
Firms slice up global production to protect their knowhow

Imitation is a first-order concern for enterprises operating global production processes. Firms routinely source knowledge-intensive inputs from many countries, including those with weak intellectual property