United states

The new global imbalances: why care, why now and what should be done?

This essay analyses the causes of, and remedies for, external imbalances, and what countries should do if they do not decline

Beatrice Weder di Mauro and Jeromin Zettelmeyer

Why are global imbalances rising, and why does it matter?

Is the dollar at risk? Is China the new Germany? How to manage rising external deficits and surpluses

Rebecca Christie, Beatrice Weder di Mauro and Jeromin Zettelmeyer

Could a Hormuz toll solve the oil crisis and who pays?

With a return to the pre-Iran conflict energy status quo unlikely, a Hormuz toll may be the next best option – but Gulf states would pay the most

Guntram B. Wolff

Risks for Europe of US dominance of global asset management

US firms’ rise in EU asset management may weaken sustainable finance, making tougher stewardship, ESMA supervision and autonomy urgent

Dirk Schoenmaker

Europe Is Stuck With America

Jacob Funk Kirkegaard

Can US banks have it all? Liquidity in times of ample reserves

An outline plan to reduce stigma associated with short-term borrowing from the Federal Reserve may be doing banks too many favours

Uuriintuya Batsaikhan

An EU strategy in the wake of the United States Supreme Court tariffs ruling

The European Union should suspend last year’s trade deal with the US and plan for retaliation in response to new tariff uncertainty

Ignacio García Bercero

European and Chinese exports kept growing despite the 2025 Trump trade shock

Diversification has kept global trade strong, despite Trump’s tariffs and accelerated US-China decoupling

Zsolt Darvas and Marie-Sophie Lappe

What can Europe learn from Trump’s Greenland tariff threats?

Niclas Poitiers

The end of the Turnberry truce: how the EU should react to US coercion over Greenland

The EU should be prepared to hit back against US economic pressure, deploying trade and anti-coercion measures

Ignacio García Bercero

With Trump, what is left of the global minimum tax?

Pascal Saint-Amans

Has the global minimum tax survived Trump?

US objections have not killed off the 15 percent global minimum tax, but they have altered it and given the US a competitive advantage

Pascal Saint-Amans

Why US designs on Greenland will ultimately end in compromise

Annexation of Greenland by the United States is unrealistic for numerous reasons

Jacob Funk Kirkegaard

Three ‘don’ts’ to protect Greenland from Trump

When confronting the Greenland crisis, the EU should apply lessons learned from the lopsided US-EU trade negotiations

Moreno Bertoldi and Marco Buti

Greenland is not marginal: the US takeover threat is a strategic test for Europe

European powers should provide backing for Nuuk and Copenhagen by establishing a greater military presence in Greenland

Guntram B. Wolff

Venezuela: the upending of values and another warning to Europe

Trump's brazen attack on Venezuela presents challenges for China – and opportunities

Alicia García-Herrero