Pensioners waiting outside a closed National Bank branch and hoping to get their pensions, argue with a bank employee in Iraklio on the island of Crete. Photograph:  Reuters/Stefanos Rapanis 3:02

It has been obvious for some time that the creation of the euro was a terrible mistake. Europe never had the preconditions for a successful single cur(...)

‘Racial hatred is still a potent force in US society, as we’ve just been reminded to our horror.’ People attend an interfaith candlelit vigil in solidarity with the Emanuel African Methodist Episcopal Church in Charleston,  South Carolina, in Brooklyn, New York. Photograph: Kena Betancur/Getty Images

America is a much less racist nation than it used to be, and I’m not just talking about the still remarkable fact that an African-American occupies(...)

Hillary Clinton, former US secretary of state,  formally began her campaign for president on Saturday, and surprised most observers with an unapologetically liberal and populist speech Photograph: Daniel Acker/Bloomberg

On Friday, Democrats in the United States House of Representatives shocked almost everyone by rejecting key provisions needed to complete the trans-Pa(...)

It’s an article of faith on the right that any attempt by the government to fight unemployment must lead to disaster, so the faithful must keep predicting disaster no matter how often it fails to materialise

When it comes to economics – and other subjects, but I’ll focus on what I know best – we live in an age of “derp” and cheap cynicism. And there are po(...)

A man looks at displayed goods for sale inside a €1 shop in Athens, Greece: A forced Greek exit from the euro would create huge economic and political risks, yet Europe seems to be sleepwalking toward that outcome. Photograph: Alkis Konstantinidis/Reuters

US officials are generally cautious about intervening in European policy debates. The European Union is, after all, an economic superpower in its own (...)

But a funny thing happened on the way to the techno-revolution. We did not get a sustained return to rapid economic progress. Instead it was more of a one-time spurt which sputtered out about a decade ago

Remember Douglas Adams’s 1979 novel The Hitchhiker’s Guide to the Galaxy? It began with some technology snark, dismissing Earth as a planet whose life(...)

Jeb Bush’s  foreign policy team is led by people who were directly involved in concocting a false case for war. Photograph: Alvin Baez/Reuters

Surprise! It turns out there’s something to be said for having the brother of a failed president make a run for the White House. Thanks to Jeb Bush, w(...)

Senator Elizabeth Warren, a Democrat from Massachusetts, speaking at the National Press Club in Washington yesterday. Ms Warren says Wall Street recklessness caused the 2008 financial crisis Photograph: Bloomberg

Last year the vampires of finance bought themselves a Congress. I know it’s not nice to call them that, but I have my reasons which I’ll explain in a (...)

A mural dedicated to Freddie Gray in the Sandtown area of Baltimore where   he was arrested. Photograph: Andrew Burton/Getty Images

Every time you’re tempted to say that America is moving forward on race – that prejudice is no longer as important as it used to be – along comes an a(...)

Obamacare is working better than even its supporters expected – but its enemies say that the good news proves nothing, because nobody predicted anything different

Imagine yourself as a regular commentator on public affairs – maybe a paid pundit, maybe a supposed expert in some area, maybe just an opinionated bil(...)