For decades, the global climate conversation was defined by the vocabulary of cooperation: emissions targets, carbon credits, and mutual aid. It was a diplomatic landscape where climate-driven disasters—like the catastrophic flooding in Mozambique in early 2026—were framed as "collective failures." In these instances, the victims were often the world’s most…
-
-
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…