Europe’s Energy Crisis That Isn’t
April 5, 2023
American critics chastise Europeans’ rejection of fossil fuels. But Europe is winning the bet. Russian President Vladimir Putin’s war on Ukraine has led to a
Archive
Europe
The European Project Is Now at the Mercy of the Weather
November 2, 2022
This winter, Europe may be facing a crisis without any clear solution. Right now, the sobering truth is that the future of Europe hinges on
The second coming of Nato
May 18, 2022
In November 2019, from the salon doré of the Élysée Palace, where Charles de Gaulle once held court, Emmanuel Macron warned his fellow Europeans that
Why inflation and the cost-of-living crisis won’t take us back to the 1970s
February 4, 2022
Surging energy prices force us to confront the suffering caused by inflation and our uncertain future. But a new wage-price spiral is still unlikely. Prices
Mario Draghi Doesn’t Have ‘Whatever It Takes’ Anymore
January 14, 2022
Whether as Italy’s prime minister or its president, he may not have the solution to Italy’s problems. On Jan. 24, Italy’s parliamentarians and a caucus
The future of Europe is at stake in the fight for Germany’s finance ministry
October 20, 2021
A fiscal conservative in the job and a new era of debt limitation could spell disaster for EU countries The result of the German election
Climate crisis offers way out of monetary orthodoxy
July 12, 2021
On July 8th the European Central Bank announced the results of the Monetary Policy Strategy Review initiated by its president, Christine Lagarde, in January 2020. Delayed by
Europe needs to go big
May 26, 2021
Call to Europe with FEPS – Europe needs to go big! What can the EU learn from the US and Biden experience in this recovery
Learning to Live with Debt
May 18, 2021
At the time of writing, the pandemic is continuing to take a heavy toll on the European economy, and even though an economic collapse has
The debt hawks are flapping their wings
May 17, 2021
The question of public debt hangs over Europe’s future. Brussels prefers to talk about other things—the Green Deal or social Europe. The European public is
A Finance Minister Merz would be a systemic risk for the EU
May 10, 2021
Europe’s economy will be slow to recover from the pandemic, warns economist Adam Tooze. He calls for new economic stimulus packages and a paradigm shift
How the Pandemic Changed Europe
April 15, 2021
An interview with Isaac Chotiner on the the vaccine rollout and shifting politics in the E.U. Isaac Chotiner: Europe has faced a number of challenges
Europe’s ‘long-Covid’ economic frailty
January 25, 2021
Last year’s agreement on an EU recovery package was widely celebrated. This year its inadequacy will sink in. The attention of the European public is
Light in the tunnel or oncoming train?
November 30, 2020
In the final weeks of 2020 an optimist might see light at the end of the tunnel. Europe was hit hard by the second wave
The EU Response to the Covid Crisis: Preventing the Great Fragmentation
November 24, 2020
Marco Buti, Adam Tooze, and Nicolas Véron examine the EU’s response to the economic impact of the COVID crisis. They discuss in particular the lessons
The West’s Constitutional Crises Threaten the Economy’s Last Best Hope
November 21, 2020
Central banks have kept their economies afloat this year—but political dysfunction is pushing them past the breaking point. In the looking-glass moment of November 2020
Discussion with Wolfgang Schäuble
November 12, 2020
Wie weiter am Ende des amerikanischen Jahrhunderts? Europa und die Welt am Scheideweg zweier Epochen Wenige Tage nach der US-Präsidentschaftswahl diskutieren Bundestagspräsident Wolfgang Schäuble und
China takes the climate stage
October 19, 2020
This was supposed to be a big year for climate politics. It has lived up to expectations. But not, perhaps, in quite the way Europe
Capitalism After Coronavirus Podcast with Luis Garicano
October 18, 2020
The Geopolitics of Covid: Monetary Policy, Vaccine Races, and Thucydides’ Trap
The politics of currencies
September 14, 2020
Adam Tooze argues that worrying about the euro exchange rate and a non-existent inflation enemy in Europe must give way to fiscal and monetary demand
A New Role for the ECB
July 5, 2020
Eine neue Rolle für die EZB Das Urteil des Bundesverfassungsgerichts zum Anleihekaufprogramm PSPP der Europäischen Zentralbank (EZB) war ein bedeutender Eingriff in das europäische Recht
Time to expose the reality of ‘debt market discipline’
May 25, 2020
As another sovereign-debt crisis looms, Adam Tooze warns against repeating the mistake of delegating to anonymised ‘markets’ accountable political choices. We are headed into a
Europe Blows Up with the Talking Politics podcast
May 21, 2020
How does a judgement of the German constitutional court threaten to explode the European project? David talk to Helen Thompson, Adam Tooze and Shahin Vallee
Germany’s Constitutional Court Ruling on the Hidden Forces Podcast
May 15, 2020
In Episode 138 of Hidden Forces, Demetri Kofinas speaks with Adam Tooze, professor of history and Director of the European Institute at Columbia University about
The Death of the Central Bank Myth
May 13, 2020
In Europe, a ruling by the German Constitutional Court that the European Central Bank (ECB) failed to adequately justify a program of asset purchases it
Financial Past and Future – Conversations with Tyler podcast
May 6, 2020
Watch the video above or listen to the recording below. Adam joined Tyler to discuss the historically unusual decision to have a high-cost lockdown during
Shockwave with the Talking Politics podcast
April 20, 2020
David and Helen talk to Adam Tooze about what we know about the crisis that we didn’t know a month ago, and what we still
‘Corona Bonds’ and Europe’s North-South Divide
April 13, 2020
It is a cruel twist of fate that the Covid-19 crisis has exposed the basic faultline in the eurozone between north and south. The resulting
The shock of coronavirus could split Europe – unless nations share the burden, with Moritz Schularick
March 25, 2020
During the 2008 financial crisis, many observers predicted the imminent collapse of the European currency project. They were wrong. The euro held together. Yet what
The Crisis: Part 2 with the Talking Politics podcast
March 19, 2020
Discussion on the latest twists in the crisis: from the ECB’s change of heart to new threats in emerging markets. What is happening in Germany?
The Crisis with the Talking Politics podcast
March 18, 2020
We talk to Adam Tooze in New York about the possible impact of coronavirus on the global financial and political system. How does this crisis
Hard truths about the eurozone crisis
March 2, 2020
I’ve seen things you people wouldn’t believe […] All those moments will be lost in time, like tears in rain. It is not often one
How Britain beat Germany in the race for green energy
December 9, 2019
In the UK there is now considerable euphoria around decarbonisation. This is, to say the least, a surprise. In the 19th century Britain led the
The German Impasse
November 12, 2019
The autumn of 2019 is a moment of anniversaries. The 30th anniversary of German unification has garnered much attention. Rather less remarked upon has been
The Global Slowdown with the Talking Politics podcast
September 8, 2019
A look at the global situation and the bigger threats we face. Italy, Germany, Iran, Saudi Arabia, Argentina, Russia, Trump vs. the Fed, the US
Britain Can’t Afford the Queen’s Weakness Anymore
August 30, 2019
In Europe, two major political crises are unfolding that are the mirror image of each other. At the northern end of the continent, on Wednesday
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