Prince Michael of Liechtenstein

  Global debt has reached staggering figures, totaling more than $300 trillion in 2024. Most of this debt is concentrated in the older, industrialized democracies, as well as China. It comprises public sector (sovereign) debt, corporate borrowings and household liabilities. Collectively, it represents roughly 300 percent of the world’s gross domestic product. In 2024, the total […]

  We hear more and more statements in European media and from politicians about “resisting Donald Trump” as a strategy. Although President Trump’s choice of words is frequently irritating, antagonizing him is a wholly unintelligent approach. German President Frank-Walter Steinmeier, in his speech commemorating 80 years since the end of World War II, mentioned the […]

  The new government in Berlin is inheriting a tangle of unresolved problems resulting from decades of political mismanagement. Germany is located at the heart of the European landmass. It is also the region’s largest economy and most populous country. What happens in Berlin shapes Europe as a whole. Stagnation sold as stability For decades, […]

It appears that a ceasefire in the Russia-Ukraine war is drawing near. The most likely demarcation line will hew closely to the current front. Genuine peace talks remain distant – the two sides are far apart. Kyiv still clings to the goal of restoring the country’s pre-2014 borders, while Moscow wants formal control of Crimea and the entire Donetsk, […]

  This week, all key finance ministers and central bank governors are gathering in Washington for the annual meetings of the International Monetary Fund (IMF) and World Bank. These two supranational institutions were created out of the Bretton Woods agreements, which sought to provide a financial and economic framework for the global economy. That system was, on […]