Essays

Brexit in Reverse

  • Project Syndicate
  • June 19, 2017

Economic reality is beginning to catch up with the false hopes of the general population. They believed the promises of the popular press that Brexit would not reduce their living standards, so they managed to maintain those standards by running up their household debts.

Remarks delivered at the launch of the European Roma Institute for Art and Culture

  • Berlin, Germany
  • June 8, 2017

My foundations and I took up the cause of the Roma people in the early 1980s. When we started this work, most Roma lived in Eastern Europe, which was still under Communist rule. Conditions were not good. Unfortunately, since the fall of the Berlin Wall, the Roma’s position in society and the attitude of the majority population have declined much further.

Remarks delivered at the Brussels Economic Forum – In English/German/Italian

  • Brussels, Belgium
  • June 1, 2017

I am greatly honored to be invited to address this illustrious audience. The European Commission, just published a reflection paper on the future of the European Monetary Union, which will open a debate that I greatly welcome. I should like to join the previous speaker in dedicating my remarks to the memory of my great friend Tommaso Padoa Schioppa.

When Hate Surges

  • The New York Times
  • March 16, 2017
President Trump has wasted no time in cracking down on immigration. He pledged to build a wall, hire 15,000 new Immigration and Customs Enforcement and Border Patrol agents and speedily deport millions of undocumented immigrants. He justified these actions by claiming that immigrants regularly flout the “rule of law and pose a threat.” In his first speech to Congress, he directed the Department of Homeland Security to create a new office — Victims of Immigration Crime Engagement, or Voice — dedicated to helping victims of crimes perpetrated by “removable aliens.”

Open Society Needs Defending

  • Project Syndicate
  • December 30, 2016

Well before Donald Trump was elected President of the United States, I sent a holiday greeting to my friends that read: “These times are not business as usual. Wishing you the best in a troubled world.” Now I feel the need to share this message with the rest of the world.

Why I’m Investing $500 Million in Migrants

  • The Wall Street Journal
  • September 20, 2016

The world has been unsettled by a surge in forced migration. Tens of millions of people are on the move, fleeing their home countries in search of a better life abroad. Some are escaping civil war or an oppressive regime; others are forced out by extreme poverty, lured by the possibility of economic advancement for themselves and their families.

This is Europe’s Last Chance to Fix Its Refugee Policy

  • Foreign Policy Magazine
  • July 19, 2016

The refugee crisis was already leading to the slow disintegration of the European Union. Then, on June 23, it contributed to an even greater calamity — Brexit. Both of these crises have reinforced xenophobic, nationalist movements across the continent. They will try to win a series of key votes in the coming year — including national elections in France, the Netherlands, and Germany in 2017, a referendum in Hungary on EU refugee policy on Oct.

The Promise of Regrexit

  • Project Syndicate
  • July 8, 2016

Until the people of the United Kingdom voted to leave the European Union, the refugee crisis was the greatest problem Europe faced. Indeed, that crisis played a critical role in bringing about the greater calamity of Brexit.

The vote for Brexit was a great shock; the morning after the vote, the disintegration of the European Union seemed practically inevitable.

Brexit and the Future of Europe

  • Project Syndicate
  • June 25, 2016

Britain, I believe, had the best of all possible deals with the European Union, being a member of the common market without belonging to the euro and having secured a number of other opt-outs from EU rules. And yet that was not enough to stop the United Kingdom’s electorate from voting to leave.

The Brexit Crash Will Make All of You Poorer – Be Warned

  • The Guardian
  • June 21, 2016

David Cameron, along with the Treasury, the Bank of England, the International Monetary Fund and others have been attacked for exaggerating the economic risks of leaving the EU. This criticism has been widely accepted by the British media and many financial analysts.