Business owners in both countries are navigating uncertainty and worry as the tit-for-tat import taxes ratchet up.
bbc

The 2024 reform of the EU fiscal framework makes fiscal adjustment more country-specific and less procyclical. However, it does not eliminate two fundamental tail risks: following a large recession, too little fiscal flexibility can generate deflationary stagnation, while too much can undermine confidence in national debt stabilisation and generate stagflation. This column shows that a Eurobond-financed common fiscal capacity can mitigate both tail risks. Under this proposal, stabilisation of exceptional common shocks is shifted to the euro-area level while responsibility for national debt remains firmly national.
Center for Economic Policy Research
The mysterious collapse of a European cryptocurrency exchange helps to explain why the industry hasn’t shaken off its reputation as a magnet for criminals.
New York Times Business

Households do not simply choose how much macroeconomic information to acquire; they choose among sources that differ in representativeness and credibility. Using a survey of 46,285 consumers in 47 countries, this column shows that reliance on shopping, utility bills, and other local signals is associated with larger macroeconomic perception and expectation errors. Households that use official reports, newspapers, and television for information make smaller errors. Crucially, distrust of governments and central banks helps explain why more representative aggregate information is dismissed.
Center for Economic Policy Research

Med School lecturer nods to wider implications in blueprint for Hungary
Harvard University

The summer of '26: A turning point for the climate crisis? Audio sseth.drupal@c… 21 August 2026 In this week’s episode of Independent Thinking, our experts discuss the record-breaking temperatures seen across Europe this summer and what it means for the climate crisis. The climate crisis has seldom been dramatized so vividly as in the summer of 2026. Apocalyptic fires, widespread droughts and drained rivers in Europe made clear a worsening situation that even the most fervent denier can’t wave away. But is there the necessary time, commitment and technology to slow or reverse the climate spiral – even in the face of a US administration that is committed to fossil fuels? How do the two approaches of mitigation and adaptation translate into real life on the ground? And is there any good news amid the smoke and gloom?Bronwen Maddox is joined by water and climate specialist Dr Beatrice Mosello and sustainability expert Dr Patrick Schröder from Chatham House, and special guest Oliver Morton, The Economist’s planetary affairs correspondent.About Independent ThinkingIndependent Thinking is a weekly international affairs podcast hosted by our director Bronwen Maddox, in conversation with leading policymakers, journalists and Chatham House experts providing insight on the latest international issues.More ways to listen: Apple Podcasts and Spotify.Explore our other Chatham House podcasts.
Chatham House

Vier Tage arbeiten und trotzdem volles Gehalt: Für viele Beschäftigte in Island ist das längst Realität. Das Modell bringt mehr Freizeit, sorgt aber auch für Kritik von Arbeitgebern und teilweise für Einschränkungen bei öffentlichen Angeboten.
Deutschlandfunk

