Paul Krugman

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‘They are the ones most affected by cutbacks in resources, or services such as guidance counselling. Yet the Government continues to deny the effects of such cutbacks.’ Photograph: Getty Images

The current debate about the Junior Cert conceals a far deeper problem. We have not had a serious public discussion about the aims of education. It us(...)

 Barack Obama: it goes without saying the president’s fiscal proposals will be attacked by Republicans. Photograph: John Gress/Reuters

By the time you read this President Barack Obama will have called for a significant increase in spending, reversing the harsh cuts of the past few yea(...)

Incoming Greek prime minister  Alexis Tsipras is being far more realistic about austerity and growth than European officials who want the beatings to continue until morale improves. Photograph: Michael Kappeler/EPA

Alexis Tsipras, leader of the left-wing Syriza coalition, has become prime minister of Greece. He is the first European leader elected on an explicit(...)

President Barack Obama. ‘Now that he’s presiding over unexpected economic strength [his critics] can’t just turn around and assert his irrelevance.’ Photograph: J Scott Applewhite/AP Photo

Suddenly, or so it seems, the US economy is looking better. Things have been looking up for a while, but at this point the signs of improvement – j(...)

Economist Thomas Piketty: President François Hollande’s government “would do better to focus on reviving growth in France and Europe”. Photograph: Bart Maat/EPA

France’s star economist Thomas Piketty, who shot to fame and topped best- seller lists last year with his controversial book on wealth and inequality,(...)

 A file photograph of French economist Thomas Piketty who has said  he will not accept the Legion d’honneur - his country’s highest award. Photograph: Pontus Lundahl/EPA.

France’s star economist Thomas Piketty has declined the country’s highest award, the Legion d’Honneur, local media said on Thursday.Mr Piketty (43) (...)

German chancellor Angela Merkel and German minister of finance Wolfgang Schaeuble. EPA/RAINER JENSEN

The US economy seems to be climbing out of the hole it entered during the financial crisis. Unfortunately Europe can’t say the same. Unemployment in t(...)

You can get a sense of the ideology at work in some of the documents produced by House Republicans under the leadership of Paul Ryan. Photograph: Aaron Bernstein/Reuters

America used to be a country that built for the future. Sometimes the government built directly: public projects, from the Erie canal to the interstat(...)

The Swedish Bankers’ Association last week said it would force homeowners to amortise all new mortgages worth more than 50 per cent of their properties, meaning that they won’t be able to take out mortgages above this level on an interest only basis.

Royal Bank of Scotland Group says lenders in Sweden have chosen the “worst” moment to tighten lending standards in Scandinavia’s biggest economy. A de(...)

New apartments in Liljeholmskajen, Stockholm, Sweden. Apartment prices jumped 8 per cent last year and have soared 38 per cent since late 2007 to a record, according to Svensk Maeklarstatistik, which compiles monthly data on Swedish home prices. photograph: photographer: casper hedberg/bloomberg

Johan and Alejandra are the kind of Swedes the International Monetary Fund has been warning about – piling up debt to keep up with an ever-rising prop(...)

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