21/05/2015 (OECD Press Release) – Income inequality has reached record highs in most OECD countries and remains at even higher levels in many emerging economies. The richest 10 per cent of the population in the OECD now earn 9.6 times the income of the poorest 10 per cent, up from 7:1 in the 1980s and…
By Clément Fontan
On 16 March 2015, ECB chairman Mario Draghi delivered a speech at the Süddeutsche Zeitung Finance Day. Eurozone economic governance reforms were the topic of the day. The structural reforms proposed by Mr. Draghi are ideologically loaded and the creation of new institutions might worsen the democratic troubles in Europe rather than solve them. The ECB and other EU institutions have already been exploiting the financial crisis as an opportunity to implement structural reforms in a coercive manner for more than four years. The results have been worrying, to say the least.
