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The proverb “All that glitters is not gold” is a line from William Shakespeare’s Merchant of Venice. Any doubts about the Bard’s wisdom were dispelled this month when New Zealand’s “gold standard” quarantining was shown to be fool’s gold. Read more
When Germany’s Constitutional Court ruled on the legality of the European Central Bank’s asset purchase programme on 5 May, it sent shockwaves through financial markets. In one fell swoop, the red-robed judges accused the ECB of going beyond its mandate of monetary policy and the European Court of Justice of covering up the breach. Read more
When in the US earlier this year, I came across many souvenirs mocking the country’s leader, including a card game called, Trump Cards: The Wackiest Game of Fake News. It looked like a fun party card game in which players tried to pick out 'Fake News' from real quotes by President Donald Trump. Read more
The Cold War is mainly history today with more people remembering the spies than the ideological warfare. But at its heart, it was an ideological battle, which makes comparisons with today’s tensions between China and the West natural. Read more
New Zealand’s border is its first line of defence against Covid-19. The gross failures exhibited this week cannot be repeated and require a complete reversal of the Government’s border procedures. Read more
Germany is leading the way with a debate on its constitution, the Basic Law. After seven decades in operation, politicians of all parties want to remove racist elements from it. Read more
If you try to make a balloon smaller by squeezing it, you should be careful. It tends not to work well. Read more
This week, Trade and Export Minister David Parker was exposed to one of the world’s worst ailments: trade protectionism. After nearly two years of negotiations, the EU leaked its agricultural “offer” to New Zealand to European media. Read more
In just a few months, Covid-19 travelled from China to more than 200 other countries, has now killed more than 330,000 people, forced organisations and individuals to embrace new practices such as remote working and plenty of tech shifts. The term “frequent flyer” will now be an anachronism and many think the pandemic spelled the death of market economies and globalisation. Read more
To understand the mindset of European elites, it is worth going back to the words of the founding godfather or European integration, Jean Monnet: “Europe will be forged in crises and will be the sum of the solutions adopted for those crises." Monnet’s spirit of integration was alive in last week’s proposal to create a €750 billion fund to deal with the fallout of the coronavirus crisis. It is a gutsy move which pushes European fiscal integration to a new level. Read more