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The View From Belgium: Top Banker Pleads for Caution

Ernest Hemingway’s maxim that bankruptcy arrives gradually “and then suddenly” applies to banks as well: “The proliferation of social media and the ubiquity of online banking imply that when things are perceived to go wrong, bankers may almost instantly lose

Liberalism and Its Discontents: Francis Fukuyama on the Future of History

Poor Francis. History didn’t end after all. Neither did liberalism triumph over the forces of evil. Possibly one of the most misunderstood or misinterpreted books of recent times, Francis Fukuyama’s The End of History and the Last Man[1] did not

A Perfect Storm Perfected: EU Battles String of Calamities

It’s about the only thing missing from a world in turmoil: France going haywire and off the rails. The solid showing of Marine Le Pen at last Sunday’s polls gives plenty of cause for concern. More moderate in her policy

EXIM Hungary: Hungary’s Export Expert has Strong Focus on Finance and Foreign Market Expansion

EXIM, the official export credit agency of Hungary, is the only domestic bank and insurer specifically focusing on international trade, foreign market expansion, and investments. EXIM Hungary is the junction of two legal entities: the state-owned Hungarian Export-Import Bank (Eximbank

Orban on Orbán: Cease and Desist, Your Position Is Untenable

Europe’s other ‘Orban’ sounds much more reasonable than the vociferous original one. Prime Minister Ludovic Orban of Romania yesterday chastised his Hungarian namesake for refusing to respect the founding principles of the European Union: “Saying that you don’t agree to

EU: Stage Set for Clash

The Hague is expected to deploy the biggest gun available to EU member states and roll out its veto to derail a Franco-German plan that introduces eurobonds under a different name. Last week, the Dutch were said to have succumbed

Smoke and Mirrors Line the Fringes of the Pandemic

Luigi di Maio owes his rapid ascendancy in Italian politics to an almost virulent display of Euroscepticism. It propelled the former drinks vendor at the Naples San Paolo football stadium to a top spot in his country’s notoriously vicious political

Jean-Claude Juncker

Dismissed and ridiculed as a failed small-town administrator with a penchant for fine wines and cognacs, European Commission President Jean-Claude Juncker represents to some all that is wrong with the European Union: a faceless apparatchik given to bullying people and

MIGA (World Bank) – A New Boon for Emerging-Market Financing: Achieving Investment-Grade Bonds with MIGA’s Credit Enhancement

Many investors, lenders, and government officials are familiar with the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group. For 25 years, the agency has insured investments in developing countries against political risk. This insurance facilitates productive foreign direct

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