Negotiators at then UN Climate conference in Bonn, Germany. Credit: Friday Phiri
By Friday Phiri
BONN, Jun 20 2025 (IPS)
In recent years, there has been growing evidence of how climate change is impacting human health in several ways.
The Lancet Countdown has been producing ‘eye-popping’ reports, highlighting how climate change is breaching health thresholds across multiple indicators—heat, disease vectors, food security, air quality, and socioeconomic stability.
With record-breaking heat threats exposing individuals to dangerous heat compared to pre-industrial expectations; worsening environmental stressors in the form of droughts and flooding, exposing people to heightened risks of waterborne and vector-borne diseases; and the cost of extreme weather events running into billions of dollars globally, the global community is being called upon to act swiftly.
Without urgent, health-centered transformation in energy, finance, health systems, urban planning, and governance, the world is not just delaying action—it’s fueling a global health crisis, the 2024 Lancet Countdown report warns.
Like other sectors, Africa’s health is highly vulnerable to climate impacts and in dire and urgent need of adaptation strategies. A quick perusal of the 2024 State of Africa Climate Report released in May, 2025, by the World Meteorological Organization (WMO) reveals how extreme weather and climate change impacts are hitting Africa the hardest.
The report highlights several health-related impacts of climate change in Africa, ranging from extreme heat events leading to serious heatwaves; flooding and landslides resulting in displacements and loss of lives; food and nutrition insecurity emanating from prolonged droughts; and tropical cyclones leaving a trail of destruction and loss of lives, among others.
These health-related impacts underscore the urgent need for climate adaptation strategies to mitigate risks and protect vulnerable populations across Africa.
“The State of the Climate in Africa report reflects the urgent and escalating realities of climate change across the continent,” said WMO Secretary-General Celeste Saulo. “It also reveals a stark pattern of extreme weather events, with some countries grappling with exceptional flooding caused by excessive rainfall and others enduring persistent droughts and water scarcity.”
“WMO and its partners are committed to working with Members to build resilience and strengthen adaptation efforts in Africa through initiatives like Early Warnings for All,” she said. “It is my hope that this report will inspire collective action to address increasingly complex challenges and cascading impacts.”
Armed with such devastating information, African climate change negotiators at the UN Climate conference in Bonn, Germany, are calling on parties to the United Nations Framework Convention on Climate Change (UNFCCC) to take the climate and health nexus seriously and consider mainstreaming it into the main agenda items of climate negotiations, in addition to the health sector target in the Global Goal on Adaptation (GGA) framework.
“The African Group of Negotiators reaffirms that Africa experiences some of the most severe climate change impacts on human health and health systems, despite contributing minimally to global greenhouse gas emissions. With African countries already having very precarious health systems, climate change impacts exacerbate and overwhelm these systems, putting lives at risk. Urgent help and adaptation support is needed for countries. We call for ambitious and urgent collaboration of parties to address these multifaceted challenges in a holistic manner,” said Dr. Richard Muyungi, Chair of the African Group of Negotiators on Climate Change (AGN).
The AGN is the mandated negotiating group, which represents all 54 African countries in the UNFCCC processes.
In his opening statement at the Bonn Climate Conference, Muyungi said the group was prepared to work with other parties to spearhead the climate and health agenda and called for the initiation of mandated dialogues on human health and climate change from COP30 and beyond.
Meanwhile, African civil society continues to raise its voice on the importance of climate finance for Africa’s adaptation.
“It is unfortunate that developed parties continue to evade their obligation to provide climate finance as enshrined in Article 9.1 of the Paris Agreement. This is the hallmark of the climate convention, without which we might as well forget about these negotiations. It is becoming increasingly frustrating that the climate finance agenda item continues to cause serious divisions, including the agenda fight that we have, once again, witnessed here in Bonn. But this should not be the case because both the convention and the Paris Agreement are clear on developed parties’ obligation to provide finance,” said Mithika Mwenda, Executive Director of the Pan African Climate Justice Alliance (PACJA).
Climate financing and capacity-building support through health systems strengthening have, likewise, dominated recent discussions in the climate and health sub-sector.
At a side event hosted by the Rockefeller Foundation, Wellcome Trust, and the World Meteorological Organization during the 78th World Health Assembly in Geneva, investments in early warning systems were a key agenda.
Desta Lakew, Group Partnerships and External Affairs Director at Amref Health Africa, highlighted the existing gaps and the need for investments.
“Our early warning systems are not keeping pace. Investments in early warning, data, and information systems lag behind, forcing our governments to continue relying on outdated technologies and equipment that fail to capture and transmit real-time weather information to the public,” said Lakew. “This undermines the public’s preparedness, leading to avoidable losses of both property and lives. We therefore need to strengthen climate-health data systems, surveillance, early warning, and climate risk assessment by enhancing capacity to detect, predict, monitor, and respond to climate-sensitive health risks through improved data integration, early warning systems, and comprehensive vulnerability assessments.”
“At Amref, we believe in community investment; that’s why we are actively working with governments in Africa to build the technical capacity required for health systems adaptation and resilience to climate impacts. We thus advocate for financing that puts community-centered initiatives at the heart of climate adaptation of health systems,” added Lakew.
Local communities’ involvement is touted as the starting point for climate action. And the Alliance for Food Sovereignty in Africa (AFSA) is leading local communities’ climate adaptation action through the promotion of agroecology.
The Alliance argues for and promotes the practice as a panacea to local farmers’ climate-related production and nutrition security challenges.
“Rooted in traditional knowledge and biodiversity, agroecology promotes healthy soils, thriving ecosystems, and resilient food systems,” says Bridget Mugambe, AFSA Programme Coordinator.
Mugambe argues that agroecology and health are deeply interconnected. “With thriving ecosystems free from chemical inputs, local farmers are guaranteed well-nourished crops, rich in nutrients and devoid of harmful residues, contributing to better human health,” she points out.
“At its core, agroecology respects cultural diversity and traditional food systems, which are central to promoting healthy diets rooted in local, indigenous foods that have nourished African communities for generations.”
As the climate talks continue, what is clear is that health voices calling for total inclusivity are getting louder each passing day, particularly due to the growing list of health-related impacts underscoring the urgent need for climate adaptation strategies to protect vulnerable populations across Africa.
The author is Climate Change Health Advocacy Lead at Amref Health Africa
IPS UN Bureau Report
Police line up at an anti-government outside the parliament building in Tbilisi. Credit: Gvantsa Kalandadze
By Ed Holt
BRATISLAVA, Jun 20 2025 (IPS)
Having attended hundreds of anti-government protests in the Georgian capital, Tbilisi, Gvantsa Kalandadze is no stranger to police intimidation and violence.
Police brutality has become common at the daily protests that have taken place in the city since the end of last year, when the autocratic government of the Georgian Dream party said it was stopping the country’s process of integration into the EU.
Kalandadze has seen others fall victim to police brutality and experienced it on more than one occasion herself—soon after leaving a protest in December last year, she was pushed to the ground and kicked viciously by a group of officers for questioning the arrest of a man in the street, and during another gathering a few weeks later, she was knocked out when officers pushed her and other protestors into a ditch.
But when the protests began, police violence against protesters seemed indiscriminate; research by rights group Amnesty International suggests that women protesters are now being targeted specifically and are facing escalating violence and gender-based reprisals.
Kalandadze says she is not surprised by the news.
“It’s true. The police are aggressive and they harass women both verbally, using demeaning terms such as ‘slut,’ ‘daughter of a whore,’ and others, and threaten us with rape and assault,” she says.
Amnesty’s research details the police’s methods to target women, which involves increasing use of gender-based violence including sexist insults, threats of sexual violence and unlawful and degrading strip searches against women involved in protests.
“We have spoken to people personally about what they experienced at the hands of the police, such as being forced to undergo strip-searches and threats of rape during detention,” Denis Krivosheev, Amnesty International’s Deputy Director for Eastern Europe and Central Asia, told IPS.
The group’s research also highlights individual cases of this abuse, including cases of women being violently restrained by officers, forced to strip naked, denied access to medical treatment, threatened with rape, and subjected to sexual insults.
Amnesty says these abuses not only violate Georgian law, which prohibits full undressing during searches, but also international human rights law and standards aimed at safeguarding human dignity and protecting people from gender-based violence.
“Forcing someone to completely strip naked [in detention] is against both international and Georgian law, yet despite this, the police are forcing protesters to do this. It is clearly a deliberate police policy, despite it being against the law,” said Krivosheev.
While Amnesty says it has spoken to numerous women about such abuse, Krivosheev said, “the number [of women who are victims of this targeting] is far more than we have been able to document simply because many victims are scared to speak out about what happened to them.”
Female protesters who spoke to IPS confirmed that police harassment of women at protests was widespread, but also that it was often used to provoke a specific response, and not always just from women.
“The thing is that women are never violent at protests; they would never attack police, and the police are insulting us—usually with sexual slurs like saying we’re all sluts, bitches, whores, and insults about oral and anal sex—to try and provoke us into doing something that would get us arrested or force the men around us to try and protect us and do something that will get those men arrested,” Vera*, who has attended scores of protests in Tbilisi, told IPS.
“I know multiple women who were physically pushed, dragged, or detained. Some were insulted with misogynistic language. A few were groped during arrests—and that isn’t isolated… many of us know someone personally who’s experienced this abuse,” Tamar*, a civil rights campaigner from Tbilisi who has attended scores of protests, told IPS.
She added that police were even cooperating with, or at least tolerating, criminals abusing women protesters.
“The police have used violence—tear gas, water cannons, rubber bullets, and physical force—but that’s only part of the story. What’s even more disturbing is the presence of organized criminal gangs. These groups operate with impunity, clearly coordinated, yet the police don’t intervene. They specifically target women activists—chasing them, splashing green substances on their faces, shouting threats, and trying to scare them off the streets.
“I was personally hit in the head with a stone by one of these thugs. When I asked a police officer for help, he sarcastically told me to ask my ‘fellow democratic fighters’ who did it, as if it had come from among the people protesting. There’s zero accountability when the violence comes from those orchestrated to look like random citizens. It’s a deliberate tactic to terrorize protesters, especially women, while maintaining official deniability,” she said.
Many female protesters believe the reasons behind the targeting of women are rooted in not just the role women are playing in the current protests but also the “misogynist tendencies” of many officers.
“There is also a culture of toxic masculinity that goes hand in hand with the conservative part of society—the police are angry that women are taking the initiative [in protests]—female participation in the current protests is a lot larger than ever before—and that causes their aggression. The police see (or, at least, saw at the beginning) women at protests as ‘inferior’ compared to men and think they will be easier to break morally and easier to overpower physically.
“Another factor is the sexual deviations of individuals in the police force—when they feel power over the women after detaining them, their perversion takes over,” Vera explained.
Others put it down to how police perceive women as a serious threat to their authority.
“I think that the real reason the police are targeting women is that women are truly fearless in these protests. They are very resilient and persistent and always on the frontlines. They have actually physically saved a lot of men from the hands of violent police. I truly believe that the police feel threatened by them,” Paata Sabelashvili, a rights campaigner in Tbilisi who has taken part in protests, told IPS.
He added, though, that “in light of the misogyny and sexism among police officers, this is, sadly, not unexpected, and I fear it will only get worse in the future.”
While Amnesty has called on Georgian authorities to immediately end all forms of gender-based reprisals and all unlawful use of force by law enforcement, investigate every allegation of abuse during the protests, and ensure accountability at all levels, neither the group itself nor protesters who spoke to IPS, believe that is likely to happen soon.
“There is little hope under the current government for accountability and effective investigation [of police abuse during protests],” said Krivosheev.
Local media have reported that investigations into complaints made by women about the violence and threats they have faced from police at protests have largely gone nowhere, as have investigations by the Special Investigation Service, which is tasked with independently investigating crimes committed by police, despite hundreds of reports of police violence in 2024 alone.
The government has not commented on claims of women protesters being targeted by police, but in the past it has justified police action at protests as being a response to violence from protesters and has claimed, without evidence, that the protests are being funded from abroad.
But while women protesters are suffering from abuse and harassment by police, the tactics appear to be galvanizing female participation in protests.
“These gender-based reprisals may have been aimed at scaring women into giving up, but that has not been the case. Women have continued protesting, and if anything, even more intensively. Many women continue to speak up about how the police are treating them,” said Krivosheev.
Kalandadze says that despite her experiences, she will not stop attending protests.
“The day the government announced it would suspend Georgia’s EU integration, I decided to join the street protests, and the violent suppression began the same night. Since then, I have attended every protest where protesters have been in danger—every gathering where the police special forces were called in. Even today, I take part in every protest where police forces are mobilized,” she says.
Vera pointed out that although the size of street protests in Tbilisi has grown smaller, they continue on a daily basis.
“The fact that there is some kind of protest in the capital every day is discomfiting for the government and also serves to ensure that the regime is not legitimized in the eyes of the country’s former western partners. There are lots of female activists and the leaders of the protest marches are always women. We have shown so much resilience. We believe in each other. This country is ours,” she said.
Tamar was even more defiant.
“When women lead, especially in a patriarchal society, it destabilizes the whole narrative. It’s not just about political dissent; it’s about cultural control. Yes, I fear things may get worse before they get better. But we aren’t taking a step back,” she said.
*Names have been changed for their safety.
IPS UN Bureau Report
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Credit: Kim Hong-Ji/Reuters via Gallo Images
By Andrew Firmin
LONDON, Jun 20 2025 (IPS)
On a resounding 79.4 per cent turnout, South Korean voters have delivered a clear mandate for change. Lee Jae-myung of the centrist Democratic Party of Korea (DPK) decisively won the 3 June election, becoming the country’s new president after a turbulent time for South Korean democracy.
Just six months before, South Koreans took to the streets to defend their democracy when President Yoon Suk Yeol tried to impose martial law. Their determination to protect democratic institutions paved the way for electoral change, proving once again that South Koreans deeply value hard-won freedoms.
Failed coup
The road to democratic renewal began with an unprecedented constitutional crisis. Yoon, of the centre-right People Power Party (PPP), had won the presidency in 2022 by the narrowest of margins, benefiting from a backlash against the country’s emerging feminist movement. But his success wasn’t long lived: the PPP suffered a heavy defeat in the 2024 parliamentary election. Hamstrung by a DPK-controlled National Assembly, the besieged Yoon took an unprecedented gamble. On 3 December, he declared martial law.
Yoon claimed his decision was motivated by the need to combat ‘pro-North Korean anti-state forces’, attempting to conflate political opposition with support for the totalitarian menace across the border. Yoon allegedly instructed the military to launch drones into North Korea. He also ordered the army to arrest several political leaders, including Lee and the head of his own party, Han Dong Hoon, and sent troops to try to stop the National Assembly meeting.
Most South Koreans saw this for what it was: an attempt by a failing president to hang onto power through undemocratic means. Their response was immediate and overwhelming. People flooded the streets, massing outside the National Assembly. As the army blocked the gates, politicians climbed fences. Some 190 lawmakers managed to get in, unanimously voting to repeal the martial law declaration.
Yoon made a televised apology but a few days later issued a statement of defiance, insisting his decision had been legitimate and pledging to ‘fight to the end’. The end came quickly. An impeachment vote suspended his presidency. His impeachment trial concluded on 4 April, with the court ordering the end of his presidency and a fresh election. Yoon is now on trial on insurrection charges. His arrest on 15 January followed a dramatic failed attempt on 3 January, when Yoon supporters and his security blocked access to the presidential palace, leading to violent clashes. Protests have continued both for and against Yoon.
Campaign issues
Lee has benefited from the public appetite for change. His campaign tacked rightwards, deemphasising some of the more progressive policies he’d previously championed, such as basic income for young people. This positioning helped win over former PPP supporters appalled by Yoon’s actions and the party’s continuing failure to condemn them.
Lee comfortably beat PPP candidate Kim Moon-soo. But another important factor was a split in the vote on the right: a more conservative party, the Reform Party, had broken off from the PPP and captured 8.3 per cent of the vote. Had these two reunited, they could have prevailed despite Yoon’s dismal record in office.
The martial law crisis dominated the campaign, but it wasn’t the only issue. Economic matters were important for many voters, with South Korea’s once-mighty economy faltering and high living costs and inequality becoming pressing concerns. These worries were exacerbated by the threat of US tariffs: South Korea, the fourth-biggest steel exporter to the USA, faces 50 per cent tariffs.
Political polarisation seems sure to continue following a bruising election campaign that saw the two main candidates accuse each other of planning to destroy democracy. Lee, who survived an assassination attempt in 2024 and faces death threats, campaigned under heavy security. One crucial test of his presidency will be whether he can heal these divides.
Challenges ahead
Lee however enters office carrying his own baggage, in the form of corruption allegations. In 2023, he was indicted on multiple charges over alleged collusion with property developers when he was mayor of Seongnam city. In November 2024, he received a one-year suspended sentence for making false statements about his relationship with the former head of the Seongnam Development Corporation.
A retrial is pending following an appeal, postponed until 18 June to take place after the election; a guilty verdict could have prevented Lee standing. Lee insists the charges against him are politically motivated, but the trial could bring further uncertainty and a potential constitutional crisis.
On the international front, Lee faces the challenge of repairing relations with the USA. The White House made a bizarre comment hinting at Chinese election interference, apparently picking up on far-right disinformation and attempts by the defeated candidates to paint Lee as a China sympathiser.
Relations with North Korea will present perhaps the biggest foreign policy challenge. DPK politicians typically focus on dialogue and bridge-building, and Lee promises to resume the cross-border dialogue that halted under Yoon.
While anything that promotes peace is welcome, civil society that campaigns on North Korea’s dire human rights situation and works with defectors will be on the lookout for potential restrictions. Under the last DPK government from 2017 to 2022, relations with North Korea thawed but civil society groups working on North Korean issues experienced heightened pressure. The government tried to ban the practice of activists using balloons to send humanitarian supplies and propaganda across the border. Civil society will be hoping the new administration doesn’t follow suit.
Time to build bridges
Lee can expect to face little short-term political opposition. Yoon’s actions have left the PPP in disarray and the next parliamentary election isn’t due until 2028. But Lee’s honeymoon isn’t likely to last long. Economic anger could drive more people to embrace regressive politics. In globally tough times, Lee will need to both offer political stability and deliver meaningful economic success.
That’s a difficult task, but there’s a key asset that can help. South Koreans have demonstrated they value democracy. South Korea’s civil society is active and strong. The new administration should commit to working with and nurturing this civic energy.
South Korea’s December resistance proved what people won’t tolerate. Now comes the harder task of building what many will embrace: a more stable, equitable democracy.
Andrew Firmin is CIVICUS Editor-in-Chief, co-director and writer for CIVICUS Lens and co-author of the State of Civil Society Report.
For interviews or more information, please contact research@civicus.org
Picture alliance | Eibner-Pressefoto/Florian Wiegand
European Central Bank President Christine Lagarde wants a larger global role for the euro, but Europe’s economic realities may turn privilege into pressure.
By Peter Bofinger
WURZBURG, Germany, Jun 20 2025 (IPS)
In a recent speech, Christine Lagarde, president of the European Central Bank (ECB), articulated a clear desire for the euro to play a more significant role as an international currency.
This, she argued, could bring substantial benefits to the euro area: ‘It would allow EU governments and businesses to borrow at a lower cost, helping boost our internal demand at a time when external demand is becoming less certain.
It would insulate us from exchange rate fluctuations, as more trade would be denominated in euro, protecting Europe from more volatile capital flows. It would protect Europe from sanctions or other coercive measures.’
Lagarde’s aspiration is that a greater reserve role for the euro would bestow upon Europe some of the so-called ‘exorbitant privilege’ that has, until now, been exclusively enjoyed by the United States.
This ambition stands in stark contrast to the views expressed by the Deutsche Bundesbank (the German Federal Bank) several decades ago, which in 1972, explicitly referred to ‘the Deutsche Mark as a reluctant reserve currency.’
A double-edged sword
The term ‘exorbitant privilege’ was coined in the 1960s by Valéry Giscard d’Estaing, then the French minister of finance. It describes the unique position of the United States, which allows it to sustain a permanent current account deficit without triggering an exchange rate crisis.
The underlying mechanics are straightforward: when a country imports more than it exports, its liabilities to the rest of the world increase. Exporters abroad accumulate higher deposits denominated in the importing country’s currency.
If these exporters are unwilling to increase their exposure to a deficit country, they typically sell their export receipts on the foreign exchange market, exchanging them for deposits in their own currency.
Consequently, the currency of the deficit country depreciates. If the country fails to address its deficit, the exchange rate will continue to depreciate, risking a currency crisis.
This dynamic changes significantly with the ‘exorbitant privilege’. Foreign investors are willing to increase their holdings of US Treasuries by exchanging US dollar deposits, thereby financing the current account deficit without the dollar depreciating.
Therefore, it is a complete misconception for President Donald Trump to interpret the US current account deficit as exploitation of the United States by the rest of the world. As he once stated, ‘The United States of America is going to take back a lot of what was stolen from it by other countries.’
The opposite is true: The current account deficit has enabled US citizens to enjoy a higher standard of living, financed by the rest of the world through the purchase of US government IOUs. Over the past two decades, the current account deficit and the amount of Treasuries purchased by foreigners have moved in roughly tandem.
If Lagarde is now arguing that Europe could benefit from such a privilege by increasing the reserve role of the euro, one must recognise that Europe and the euro area have, until now, typically been current account surplus countries.
As long as this fundamental situation remains unchanged, Europe does not require the ‘privilege’ of foreigners purchasing euro-denominated government securities.
Given this entirely different current account position, it is unclear whether Europe would genuinely benefit from making euro government bonds more attractive as foreign exchange reserves.
If foreigners were to increase their holdings of euro-area government bonds, they would need to purchase euro deposits on the foreign exchange market against other currencies. This would lead to an increase in the effective exchange rate of the euro, resulting in a deterioration in the price competitiveness of euro-area producers.
It was precisely this fear that prompted the Bundesbank to adopt a cautious approach to an increased reserve currency role for the D-Mark in the 1970s.
Therefore, when discussing the ‘exorbitant privilege’, it is crucial to recognise its dual nature. For a currency area with a structural deficit, it prevents the currency from depreciating. For a currency area with a structural surplus, however, it causes an appreciation of the currency, which can have negative effects on its price competitiveness.
Switzerland provides a compelling example. Traditionally, it has maintained a structural current account surplus. The Swiss franc enjoys a strong reputation as a global reserve currency, leading to permanent capital inflows. To prevent the destabilising appreciation of its currency, the Swiss National Bank has had to purchase massive amounts of foreign currencies.
With reserves exceeding $900 billion, it is now the third-largest holder of foreign exchange reserves in the world, surpassed only by China and Japan. A significant portion of these reserves is invested in government bonds.
It would be ironic if the ECB, by increasing the reserve role of the euro, had to intervene to prevent a depreciation of the dollar and invest these funds in Treasuries.
A fundamental deficiency
However, if the aim is to increase the international role of the euro, it is necessary to determine how to boost this process. Since its introduction in 1999, the euro’s share of global exchange reserves has stabilised at approximately 20 per cent after some fluctuations. The euro has not, however, benefited from the decline in the US dollar’s share, which has fallen from over 70 per cent to under 60 per cent.
Instead, other currencies such as the Swiss franc, the pound sterling and the Japanese yen have been able to increase their position as reserve currencies. Therefore, it is unclear whether the euro would benefit from future shifts in international investors’ portfolios away from the US dollar due to ‘Trumpian policies’.
In her speech, Lagarde described the ‘economic foundation’ of a reserve currency role as a virtuous circle between ‘growth, capital markets and international currency usage’. She explained, ‘The development of US capital markets boosted growth… while simultaneously establishing dollar dominance. The depth and liquidity of the US Treasury market in turn provided an efficient hedge for investors.’
Lagarde believes that ‘Europe has all elements it needs to produce a similar cycle’ and concluded: ‘If we truly want to see the global status of the euro grow, we must first reform our domestic economy.’ The ‘reforms’ she outlined included the usual suspects: completing the Single Market, enabling start-ups, reducing regulation, and building the savings and investment union.
Surprisingly, she did not mention the most obvious obstacle to the euro playing a more prominent international role. While US capital markets offer a total treasury supply of $28.3 billion, the euro area’s government bond market remains a patchwork of larger and smaller national issuers. The largest volume is provided by the French market, totalling €3.3 billion.
It would be naïve to believe that this fundamental deficiency of European capital markets could be overcome by ‘structural reforms’ or by the more homeopathic measures for completing the capital market union.
However, Lagarde also offered a promising step forward: joint financing of European public goods, particularly defence. This would help to increase the supply of truly European safe assets.
In sum, there is no obvious case for increasing the role of the euro as a global reserve currency. If the ECB wants to allow ‘businesses to borrow at a lower cost, helping boost our internal demand’, it must simply reduce its policy rate further.
In addition, the fundamental flaw of a segregated market for European government bonds is very difficult to overcome. Nevertheless, attempts to finance European public goods with jointly issued bonds will undoubtedly lead in the right direction.
This is a joint publication by Social Europe and IPS Journal.
IPS UN Bureau
Excerpt:
Peter Bofinger is professor of economics at Würzburg University and a former member of the German Council of Economic Experts