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AlgemeenNRC

Will bonds blow up?

Bankers used to say that countries, unlike companies, can’t go bust. They repeated that comforting slogan until a wave of Latin American countries defaulted in the 1980s. Might a similar shock soon puncture the rich world’s hubris?

AlgemeenNRC

Vladimir Putin and the pariah problem

Vladimir Putin is about to subject Ukraine and Europe to a winter of horror. Each week Russia’s president plumbs new depths of cruelty and recklessness, enraged by his failure to break Ukraine in the four-and-a-half years since he began his full-scale...

AlgemeenNRC

How Europe should deal with the new China shock

The European Union has long had two China problems. The first concerns competition, at home and abroad, from increasingly capable Chinese exporters of cars, machinery and other things that Europe was once better at making.