Here’s my latest article, about the EU’s return to austerity, and how we are seeing a repeat of the post-2008 approach, with large debt burdens used as an excuse to punish – once again – the poorest and weakest members of society. I also explain how the EU’s pandemic recovery fund is not about welfare but about handing Brussels even more control.

I’ve written an article about Matteo Salvini’s transition from die-hard eurosceptic to die-hard europhile. In it, I argue that the EU’s economic pensée unique, by ruling out all alternatives to managing the economy other than the neoliberal rulebook, is increasingly shifting challenges to the status quo, and to the EU itself, from the socioeconomic terrain to the cultural and identitarian terrain, thus fuelling the very culture wars that are tearing our societies apart. I hope you enjoy it.

Paschal Donohoe, the Irish finance minister and president of the Eurogroup, has written a preposterous article in the Financial Times claiming that the budgetary response of the EU and US to the pandemic has been more or less similar. In this article I debunk such claims, showing that the fiscal responses of the EU and US are not even remotely comparable. The truth is that throughout the pandemic the UE/euro area has proven once again to be utterly dysfunctional, in macroeconomic as well as in organisational terms (as testified by the vaccine mess). 

In his recent budget speech, British finance minister Rishi Sunak continued to spread dangerous fiscal myths about the alleged ‘strains’ faced by the UK’s public finances and the government’s need to ‘balance its books’.  

In this article I explain why such claims are completely unfounded. As a currency-issuing government, the UK government can, and indeed does, simply create the money it needs out of thin air (effectively self-financing itself). Hence, it can always make good on any promise to repay bondholders, without the need to raise taxes (or cut back spending, for that matter) to ‘pay back’ the public debt, as Sunak implies.