The Venice Biennale, the world’s oldest and most prestigious international art exhibition, finds itself at the epicenter of a geopolitical firestorm. Following a protracted standoff between Brussels and the Italian organizers of the event, the European Commission has officially executed its threat to rescind approximately $2.3 million in funding allocated…
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By Kenneth Rogoff July 3, 2026 PARIS — To the casual observer of global economic trends, the European Union is currently locked in a precarious state of stagnation. Beset by glacial growth rates, the crushing fiscal weight of aging welfare states, and a palpable shortage of centrist political leadership, the…