Future is Blue

In this new episode Raymond Torres, Funcas Europe Director, talks with Carlos Carnicero Urabayen, Future is blue host, about the recent global trends pointing towards a deglobalisation process: Coronavirus lockdowns, the Chinese zero Covid policy, the war in Ukraine and other factors disrupting global supply chains.

In our episode Carlos Carnicero Urabayen interviews Francesco Sassi, Researcher specialized in Energy, Geopolitics, and Markets at RIE think tank in Bologna, Italy, to analyse how different EU Member States are dealing with the energy crisis.

These are the specific questions that we cover in today's show:1. What are the latest EU decisions or announcements concerning energy markets?2. To what extent will these measures appease inflationary pressures?3. Is a recession in the EU unavoidable, in light of the trends in gas markets?4. What are the key areas where further progress is needed in order for the EU to reach the goal of strategic autonomy with respect to energy?

In our episode we cover inflation, Europe's plans to cope with gas scarcity, the reform of the electricity system in Europe and the elections in Italy.

You can access here the Funcas latest SEFO report with key insights on topics such as the ECB policy dilemmas and the state of the Spanish economy and its banks, among other topics.

Raymond Torres analyses the latest decisions by the European Central Bank, including the 0.5% increase in interest rates and the announcement of the TPI mechanism to prevent another Eurozone debt crisis. Carlos Carnicero Urabayen hosts the discussion.

Carlos Carnicero Urabayen interviews Judit Montoriol Garriga, Lead economist at CaixaBank Research to talk about the current situation of the housing market and the risks that another recession may bring.

Iain Begg has recently published Stagflation: the return of an unwelcome monsterIn our conversation we cover the drivers of the current economic situation and we analyse why it is so difficult for policymakers to get the right answer when it comes to dealing with stagflation. We also touch on Europe's energy dependence from Russia and how the green transition can help to alleviate the current situation. 

Ukraine is a major exporter of agricultural products, especially sunflower oil and wheat, but, due to the war, key export routes, through the country’s Black Sea ports, are now blocked because of a de-facto Russian naval blockade.This is driving prices up for grain and cooking oil, making imports less affordable in poorer countries and contributing, together with rising energy prices, to a cost-of-living crisis even in rich economies, thereby further increasing the likelihood of a global recession.

The discussion with Alice Faibishenko is based on the latest SEFO report by Funcas, accessible in this link. The chapter about State guarantees and latent non-performance is available here.