Are we back to the 1970s price crisis? The Russian invasion of Ukraine has soared inflationary expectations. Portuguese economist Sérgio Rebelo assesses the repercussions of the conflict on a European economy that, by the end of 2022, was struggling with high inflation.
If the EU wants to avoid the return of revolutionary and nationalistic politics, it should, in my view, de-constitutionalise the issue of central versus local power within the EU.
The European Community tried to make all this diversity compatible with the deepening of policies that was underway. It did not manage to do this.
We, Europeans, are in desperate need of leaders, as we once had, who dedicated their energy, motivation and enthusiasm to the cause of European integration.
Seen from the outside, Europe was no longer an example to the world, and became, in the kindest way of putting it, a puzzlement.
The internal market will shrink, labour market will suffer and the same concerns chances to compete against the USA or China.
The European and British elites still could not recover after the announcement of the results of the British referendum on membership in the EU.
Portugal’s historic relationship with the UK, which includes a formal alliance dating back to the 14th century, was thus diluted in the post-war years through shared membership of international organizations.
Poland joined the European Union in 2004. At that time, the United Kingdom was one of the only three countries that opened their labor market to Polish citizens.