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...Third, of course, EU countries too are makers of international law and not just passive takers of it....
...But let’s suppose it here just means a risk that a government becomes unable to borrow money to spend....
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...If you just give something back, then that’s done with, finished. But now I think it’s only the beginning. Part of a process....
...(Of course, the EU’s carbon tariffs should be widened to cover finished manufactures, just in case China’s factories have a higher carbon footprint than European ones.)...
...BRU could now set off Moscow’s debt to it against its debt to Moscow. And that would be the end of it. What do Free Lunch readers think? Stretched, no doubt. But technically doable? Legally realistic?...
...Getting your lunch bill is quicker than in 2002. I totter to the counter and pay. The young just flash their phones at the table....
...But first, let’s check in on the latest news on a topic I am quite relentless about here at Free Lunch: how to make Russia pay for its destruction in Ukraine....
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...The EU’s single market is the most integrated international economy in the world. New research estimates that it boosts trade between its members by 63 per cent....
...lunch in Palm Beach....
...(A recent study from the Kiel Institute estimates just “the more quantifiable” of Beijing’s industrial subsidies at more than €200bn a year, or nearly 2 per cent of Chinese national income.)...
...And that also means the EU has a particular interest in safeguarding and boosting open economic relations not just in the rest of the world, but inside its own market....
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...Cultures colliding, I love it.”...
...I could have done a more conventional book, I just didn’t want to. I felt like I’d seen it hundreds of times.”...
...That attitude is not just economically but also politically inept....
...So, for my first guest Free Lunch, I thought I would take on a dominant global economic narrative, and deliberately take the contrarian view....
...“Just pour it,” she says, doing away with the niceties....
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...It has also gone international, with the need to explain the rise of nativist populism in virtually all western countries....
...2024 also looks important for one topic that Free Lunch follows with interest: it seems ever more likely that the western sanctioning coalition may finally take title of the Russian central bank reserves...
...Today, though, it is not just literature that is on her mind....
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