British government bonds recently lost more than 20 percent of their value within days. Where might further shoals lurk in the financial system? This is an attempt to draw up a map of financial risks.

A recent drop in the inflation rate in the U.S. triggered euphoria in the markets. But, is inflation really falling or are we just seeing a base effect because inflation rose so quickly last year?

Our simulations show that the money overhang has the potential to keep inflation at 6 per cent annually in the US and 4¾ per cent in the Eurozone until the middle of this decade.

The EU suffers from dangerous dependencies in its external trade relations.

Considerable limits exist to the partnership with “no limits” between Russia and China.