Elections are supposed to provide choices. But what happens when they produce political deadlock just as governments need to make increasingly difficult economic decisions? Gaurav Ganguly is joined by Colin Ellis, Barbara Teixeira Araujo and Kamil Kovar to unpack Europe’s increasingly complicated political economy. From France’s deteriorating fiscal outlook and the rise of parties outside the political centre to misinformation, higher bond yields and Europe’s huge investment needs, the team asks whether the continent has the political capacity to tackle its biggest economic challenges. And if governments cannot act before markets do, could the ECB once again find itself as Europe’s ultimate backstop?
Elections are supposed to provide choices. But what happens when they produce political deadlock just as governments need to make increasingly difficult economic decisions?
Gaurav Ganguly is joined by Colin Ellis, Barbara Teixeira Araujo and Kamil Kovar to unpack Europe’s increasingly complicated political economy. From France’s deteriorating fiscal outlook and the rise of parties outside the political centre to misinformation, higher bond yields and Europe’s huge investment needs, the team asks whether the continent has the political capacity to tackle its biggest economic challenges.
And if governments cannot act before markets do, could the ECB once again find itself as Europe’s ultimate backstop?