The institutional limits to the internationalisation of the RMB

(*) Published on 15/1/2016 in Beyondbrics, FT Blog. The recent inclusion of the renminbi (RMB) in the IMF’s Special Drawing Rights (SDR) is a major victory for the People’s Bank of China, which for years has claimed that the Chinese currency deserves to be in the club of top reserve currencies. It is also a […]

A new era of dialogue and consensus in Argentina

(*) Published on 14/12/2015 in The World Post (The Huffington Post). Mauricio Macri, Argentina’s new president, was the candidate standing for Cambiemos, the broad center-left and center-right coalition that defeated Cristina Kirchner in the recent elections. What Macri defeated above all was an ugly, black and white approach to politics that rejected bipartisan solutions and […]

Putting Germany’s ‘mini-jobs’ in their context

Published on 15/10/2015 in El País. Mini-jobs have become the main target for those who dislike the German economic model. Unfortunately, the criticism is usually based on a misunderstanding of the effects of the Hartz labor market reforms introduced in the 2000s. These are the points of criticism that are commonly raised: 1) the reforms […]

Catalonia torn in two

(*) Published on 2 October 2015 in Politico.eu. Catalan independentismo won last Sunday’s regional elections. But it lost the so-called plebiscite on secession. As a result, Catalonia now faces a difficult future with its society divided and the links with the rest of Spain deeply eroded. To understand the “Catalan question” it is important to […]

Give Greece a chance… again

(*) Published on 10/7/2015 in Politico. Updated and translated from original version in Spanish: Grecia: ¿torniquete y amputación?. A lot of Europeans, especially in Germany and other northern countries, appear to be steadily more unsympathetic towards Greece. Greece’s stubborn defiance is becoming tiresome. Grievances multiply, and have piled up for decades. Let us recount them […]

How to avoid a Grexit

(*) Original version in Spanish: Cómo evitar la salida de Grecia. Published on 8/7/2015 in El País (In English). Also published in Berlin Journal Policy (9/7/2015), Handelsblatt (Global Edition) (10/7/2015) and Ekathimerini.com (10/7/2015). The scenario faced by both Greece and the EU after the ‘No’ vote triumphed in the Greek referendum is extremely complex. Few […]

We should welcome a Greek referendum

(*) Published on 27/6/2015 in Politico. Greece is stuck in the past. It needs to look into the future. A couple of weeks ago I went for the first time to Athens. I tried to keep my eyes and ears open and talk to as many people as possible, both from the pro- and the […]