Thu 12/03/2015 - 12:00 On February 24, following days of tense discussions, the new government in Athens reached an agreement with its eurozone creditors that includes a package of immediate reforms and a four-month extension of the financial assistance program. But, despite Europe’s collective sigh of relief, the compromise does not preclude the need for further tough negotiations on a new financial-assistance program that should be introduced by the end of June.

Tue 05/05/2015 - 12:00 Since the financial crisis erupted in 2008, governments in advanced countries have been under significant pressure. In many countries, tax receipts abruptly collapsed when the economy contracted, income dwindled, and real-estate transactions came to a halt. The fall in tax revenues was in most cases sudden, deep, and lasting. Governments had no choice but to raise taxes or to adjust to leaner times.

Mon 12/10/2015 - 12:00 By Jean Pisani-Ferry - Most people hate finance, viewing it as the epitome of irresponsibility and greed. But, even after causing a once-in-a-century recession and unemployment for millions, finance looks indispensable for preventing an even worse catastrophe: climate change.

Tue 05/02/2019 - 12:00 On February 5 2019, France Stratégie and the OECD have organised a workshop to take stock of what we have learned collectively over the past years on crisis management and economic convergence in the euro area, and to explore how the EU could help progress in that direction, notably by using new budgetary tools.

Mon 20/03/2017 - 12:00 Eight decades ago in the depths of the Great Depression, John Maynard Keynes sparked a revolution with the idea that aggregate demand driven by households, businesses and governments all spending is what propels an economy forward. Contrary to the received wisdom at the time, he asserted that given free rein markets would not lead to full employment, especially during a downturn.