Financial stability should not be taken for granted. As the sovereign debt crisis showed, financial markets can easily get out of control, with tensions spreading easily. (Photo: Author)


Time for fiscal responsibility in EU

The EU has been in the midst of a polycrisis situation since 2008: the financial crisis, the sovereign debt crisis, Brexit, the Covid-19 pandemic, and the energy crisis have all been challenges that the EU has fortunately faced with relative success.

But far from entering times of calm, the current difficult global geopolitical situation is coupled with the m...

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