Trade Wars – When Nash Equilibrium meets Deglobalization

Trade war – noun ­– “a situation in which countries try to damage each other’s trade, typically by the imposition of tariffs or quota restrictions.”. The US-China trade war, despite the looks of being surging now, it has already started by 2016 when Donald Trump was fighting for presidency: “Any country that devalues their currency […]

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European Reflation: All that Glitters ain’ t Gold

Annual inflation in the Eurozone has surged to its highest levels since 2013. Having already hit 1.1% in December 2017, it has now jumped to 1.8% in January 2017, according to Eurostat. Despite the consumer price growth acceleration, the European Central Bank insists that the aggressive monetary stimulus must continue. Draghi’ s attention is focused on […]

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Brexit: to be or not to be together?

Few weeks ago, after a protracted period of renegotiation of UK’ s status as European member, the Prime Minister David Cameron has announced that the country is set to have a referendum on June 23rd. He said “We are approaching one of the biggest decisions this country will face in our lifetimes: whether to remain […]

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What future for ILVA?

  Ilva, the third-largest steel producer in the EU, is a 100 year-old Italian industrial concern whose post-war history has been marked by cycles of expansions, near-bankruptcy,  public ownership, privatisation and, recently, near-collapse.   A  year ago, the Italian government took the control of the Ilva plant in Taranto after a court sequestered  sections of it […]

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