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Is a 'Macroneconomic' revolution in the making?

The "lost decade" may soon be over if moves to combine conservative structural policies with progressive macroeconomics succeed in replacing market fundamentalism.

Mr Macron's ideas of "right-wing" labour reforms and a "left-wing" easing of monetary and fiscal conditions are gaining support in Germany and among EU policymakers.


NEXT month will mark the 10th anniversary of the global financial crisis, which began on Aug 9, 2007, when Banque National de Paris announced that the value of several of its funds, containing what were supposedly the safest possible US mortgage bonds, had evaporated.


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