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Adam Tooze

Adam Tooze is Professor of History at Columbia University and author of Crashed: How a Decade of Financial Crises Changed the World.

Adam Tooze

Adam Tooze is Professor of History at Columbia University and author of Crashed: How a Decade of Financial Crises Changed the World.

Climate crisis offers way out of monetary orthodoxy

Adam Tooze 12th July 2021

The ECB’s strategy review, Adam Tooze writes, says more by its silences than its statements.

The debt hawks are flapping their wings

Adam Tooze 17th May 2021

Post-pandemic Europe, Adam Tooze writes, can’t entertain a return to pre-crisis fiscal rules.

Europe’s de­carbonisation challenge? ‘Wir schaffen das’

Adam Tooze 22nd March 2021

Adam Tooze writes on the roadmaps to net-zero by 2050. Is a just transition for Europe realistic?

Europe’s ‘long-Covid’ economic frailty

Adam Tooze 25th January 2021

Last year’s agreement on an EU recovery package was widely celebrated. This year its inadequacy will sink in.

Light in the tunnel or oncoming train?

Adam Tooze 30th November 2020

Adam Tooze argues that the frail eurozone recovery hinges entirely on its guarantee by the European Central Bank.

China takes the climate stage

Adam Tooze 19th October 2020

Adam Tooze assesses the significance of China’s goal-setting for climate neutrality.

The politics of currencies

Adam Tooze 14th September 2020

Adam Tooze argues that worrying about the euro exchange rate and a non-existent inflation enemy in Europe must give way to fiscal and monetary demand boosts.

Carbon pricing and the exit from fossil fuels

Adam Tooze 6th July 2020

Adam Tooze argues the European Green Deal and young Europeans’ activism are fostering a virtuous circle favouring more rapid decarbonisation.

Time to expose the reality of ‘debt market discipline’

Adam Tooze 25th May 2020

As another sovereign-debt crisis looms, Adam Tooze warns against repeating the mistake of delegating to anonymised ‘markets’ accountable political choices.

‘Corona bonds’ and Europe’s north-south divide

Adam Tooze 13th April 2020

The Eurogroup’s decision to reject corona bonds will leave destabilising political scars.

Hard truths about the eurozone crisis

Adam Tooze 2nd March 2020

There has been little honest reflection within the European Commission about the eurozone crisis. Until now.

The fierce urgency of COP26

Adam Tooze 20th January 2020

Adam Tooze stresses that the critical COP26 conference later this year hinges on European unity and radical leadership.

The German impasse

Adam Tooze 12th November 2019

Adam Tooze dissects how the macroeconomic policy discourse is disabling necessary German, and European, steps forward.

Grosse Koalition, small Klimapaket

Adam Tooze 30th September 2019

Much was expected of the new climate package negotiated by the grand-coalition government in Berlin. Less was delivered.

The International Monetary Fund leadership is not a bargaining counter

Adam Tooze 22nd July 2019

Europe must get beyond seeing the head of the IMF as part of the spoils from Bretton Woods.

Europe’s coal problem

Adam Tooze 10th June 2019

The eurozone muddled through its crisis at Germany’s behest. The climate emergency is much too serious for that.

Output gap nonsense

Adam Tooze 30th April 2019

Adam Tooze explains how a false exactitude in economics has led to a terrible politics in the EU.

What are central banks for?

Adam Tooze 18th March 2019

The eurozone remains mired in unemployment while the European Central Bank targets only inflation. Adam Tooze begins a series of Social Europe columns by explaining the hidden history of the Fed’s more successful dual mandate. In January 2013 the US Federal Reserve made a remarkable statement. It announced that it would ramp up its monetary […]

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Minimum wages in 2022: annual review

Nominal minimum wage rates rose significantly in 2022, compared with 2021. In 20 of the 21 European Union member states with statutory minimum wages, rates increased. When inflation is taken into account, however, the minimum wage increased in real terms in only six member states. If current inflation trends continue, minimum wages will barely grow at all in real terms in any country in 2022.


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Towards a new Minimum Wage Policy in Germany and Europe: WSI minimum wage report 2022

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