Brief: US Sides With Southern Europe on EU Spending Rules

The U.S. treasury secretary urged the bloc not to tighten its purse strings prematurely.

Background: The COVID-19 pandemic devastated European economies, but it also created opportunities for the bloc to reform its fiscal rules. The existing framework, which favors balanced budgets and often recommends austerity, was suspended during the pandemic to allow national governments to raise spending and counteract the pandemic’s effects on economic activity. But now that the […]

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Geopolitical Futures (GPF) was founded in 2015 by George Friedman, international strategist and author of The Storm Before the Calm and The Next 100 Years. GPF is non-ideological, analyzes the world and forecasts the future using geopolitics: political, economic, military and geographic dimensions at the foundation of a nation.