Spain: Convergence — Finishing the Job!

30 June 2023 I love Spain: the food, wine, sun, landscape, art, architecture, and the unmistakable roar of happy people cascading into the streeets from busy bodegas! Indeed, I just returned from trendy Valencia where the post-Covid atmosphere is bouyant. The 1992 Maastricht treaty -- outlining a path towards the introduction of the Euro in [...]

Ireland: Irish Eyes Are Smiling

27 March 2023 Still basking in the glow of another Saint Patrick's Day celebration, Ireland was crowned the Six Nations rugby champions. As the world's top-ranked team, the nation eagerly anticipates this autumn's World Cup in France. Sure, Irish eyes are smiling indeed! But, that not all Ireland has to celebrate these days. Despite current [...]

China: Population Decline = Growth Headwind

22 January 2023 In addition, China's shrinking population will continue to shape both the nation's long-term economic strategy, and the government's short-term policy focus. In particular, with inflation low, monetary and fiscal policy will need to remain stimulative. However, government spending priorities will need to be altered dramatically. This shift will not only support China's [...]

China: 2023 May Be Even Tougher than 2022

28 October 2022 At China's recently concluded 20th Communist Party Congress, Xi Jinping was re-elected to an unprecedented third term as Party leader. Xi now appears set to lead both the Party and government for the next five years, and likely even longer. With political power now secured, can the same be said about the [...]