international analysis and commentary
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The euro and the dollar

The euro fell below parity with the dollar on 23 August 2022 for the first time in twenty years. The best explanation is monetary policy and not purchasing power. A euro buys a lot more than a dollar, whether the frame of reference is Big…

A harsh economic season has arrived

With food prices rising and energy bills skyrocketing, Europe could experience a winter of street protests, strikes and mass demonstrations. The risk was signaled at the beginning of September by Verisk, a consultancy firm, in a report that…