Next year, Lithuania will join the eurozone as its 19th member. The direct impact of Lithuania’s accession will be negligible. Read more

As the election gets closer, there is no doubt that immigration remains a potent campaign issue. Few other topics elicit such an emotional response as the questions of who should come to New Zealand or, indeed, how many should come. Read more

Just a couple of months after the visit of the Duke and the Duchess of Cambridge, what do we still remember of their tour? With hindsight, what are the lasting effects, what are the enduring messages, what are the traces they left behind? Read more

When the European Central Bank announced its new policy measures last week, most of the commentary focused on the introduction of negative interest rates. From now on, commercial banks depositing funds with the ECB will have to pay a penalty for doing so. Read more

This year’s global publishing sensation has been Capital in the Twenty-First Century, a tome on the alleged rise of inequality in developed countries. Written by French economist Thomas Piketty, it argues that over long periods of time, capitalist societies had become more polarised. Read more

What is democracy? Well, usually democracy is when the people vote in an election and the winner then happens to form a government. Read more

If markets are anything to go by, last weekend’s elections to the European Parliament delivered a good outcome, promising stability and predictability for the continent. Across Europe, stock indices soared on Monday: up 3.4 per cent in Italy, up 2 percent in Greece. Read more

Budget day last week was dominated by the usual focus on the return to surplus, some new spending pledges and discussions around potential future tax cuts. Soon afterward, however, commentators and politicians discovered that the Treasury papers contained some political dynamite outside the core of fiscal policy: a projected rise in net migration figures. Read more

Finance Minister Bill English can be pleased that his 6th budget is the first in which he is able to deliver a (modest) surplus. That in itself is no small achievement. Read more

In a couple of weeks’ time, over 413 million European voters in 28 countries will be asked to vote for the European Parliament. Hundreds of parties, divided by political orientation and nationality, are competing for the 751 seats. Read more

When Labour announced its so-called “Monetary Policy Upgrade” this week, their finance spokesperson David Parker was aware of what a radical departure from conventional monetary practice it was. When asked whether one of its key proposals, a compulsory variable savings rate (VSR), was in place anywhere else in the world, Parker had to admit that “nowhere currently” was such a scheme practised. Read more

You may find Russian President Vladimir Putin’s behaviour in the Ukraine crisis objectionable; you may deplore his blatant disregard of international law and condemn his brutal ruthlessness in the pursuit of Russia’s interests. However, one thing Putin’s behaviour is not: irrational. Read more

New Zealand affords itself the luxury of treating overseas investment as a privilege rather than as a necessary and desirable means of better integrating ourselves with the world, so as to make the most of what it has to offer. That blinkered attitude permeates our regulatory regime, which the Organisation of Economic Co-operation and Development assesses to be more restrictive than the regimes of 47 other countries out of a total of 53 countries. Read more

After fighting the weakness of its euro currency for the past five years, the European Central Bank now seemingly has an even more fearsome opponent to tackle: the strength of the euro. At least this is the narrative that the ECB is trying to establish. Read more

If there was a ranking for the most self-righteous nation in Europe, Germany would have a good chance of topping the list. Sure, without Germany’s support the euro may have already gone under, but the Germans are extremely good at coupling such help to their neighbours with unrequited advice on how to run their countries. Read more