Volkswirtschaftliche Entwicklung

Overview fiscal space

Governments’ budget constraints are too tight

Global governance

How to improve the G20 Common Framework for Debt Treatment

Macroeconomics

Why central banks must pay attention to ecological risks

Zambia

New money helps bail out bankrupt state

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Copper price determines economic fate

Sovereign default

Sri Lanka’s reform agenda is intimidating

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Wickremesinghe is protecting the Rajapaksa clan in Sri Lanka

IMF

The role of the IMF in the global debt crisis

Government revenues

How to increase the fiscal space

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Do not only tax consumption

Global governance

G20 leaders are “not in a state of denial”

Our view

More fiscal space is needed when states prove too “small”