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If you want a flavour of the political challenges we face in dealing with global climate change, then take a look at European fisheries. It’s a disaster area! We should heed the warnings it sends.
For year after year political expediency has triumphed over the evident need for drastic action to save a vital resource from […]

Posted by Michael Berendt

Don’t pile up new decisions, but execute what has already been decided. That’s the basic approach of ECB President Trichet as expressed in Sunday’s interviews with Japanese newspapers. He thinks the policy-makers have done what it takes to restore global growth, but, he warns, it won’t happen until 2010.
Some commentators had complained that the ECB […]

Posted by Michael Berendt

Let’s accentuate the positive! The G-20 meeting in London did achieve a much wider consensus and more far-reaching decisions than most people thought possible. Merkel, Sarkozy, Barroso and Obama all said so. The summit was also remarkable for its recognition of the realities of a changing world economy and the ability of its disparate players […]

Posted by Michael Berendt