Philippe Legrain

Eurozone finance ministers have finally agreed a package of measures to respond to the coronavirus crisis. But in the face of an unprecedented medical and economic emergency, it is inadequate. What the eurozone needs is a large, temporary coronavirus Marshall Plan, funded by common debt that the ECB would buy and hold for the foreseeable […]

As Europe faces an unprecedented coronavirus crisis that is so far hitting Italy and Spain particularly hard and is straining the EU to breaking point, an exceptional “corona bond” would provide the fiscal firepower to support stricken businesses and workers and demonstrate European solidarity. If not now, when? Read my latest for Brussels Times My […]

What might the coronavirus crisis entail for the future of globalisation? Philippe Legrain, founder of international think tank the Open Political Economy Network and a former economic adviser to the president of the European Commission, is not confident the current crisis will lead to any renewed commitment to globalization. He believes the international response has […]

Until recently, most policymakers and investors remained complacent about the potential economic impact of the coronavirus crisis. Now they realise that it is generating a global shock, which may be sharp—but which most still expect to be short. But what if the economic disruption has an enduring impact? Could the coronavirus pandemic even be the […]

Read my latest piece for Foreign Policy

Unprecedented uncertainty hangs over international trade. While markets and multinationals are—understandably—fixated on the immediate prospects for trade relations between the US and China, far bigger long-term questions cloud the future. This is often simplistically framed as a binary question: is globalisation set to go into reverse? Or more politically, are the US and China heading […]

A new report I co-authored for OPEN with Hosuk Lee-Makiyama explains how AI could help EU institutions become more capable, competent, cost-effective and closer to citizens. Check it out here.

“The eurozone’s trend rate of growth is very low due to poor productivity and dismal demography, so cyclical downturns easily lead to stagnation,” said Philippe Legrain, visiting senior fellow at the London School of Economics. “In addition, monetary policy can’t do much more, while fiscal stimulus is likely to be too little, too late.” Read […]

In Immigrants: Your Country Needs Them, economist and financial journalist Philippe Legrain does a thorough job of debunking the myth that “government workers are ever really in a position to adequately assess which workers the economy needs at any given time.” First, because the market’s needs fluctuate so widely and so quickly, and second, the […]

Does the flagging eurozone need a fiscal boost as well as a monetary one? The debate in policy circles is slowly shifting. I’m quoted right at the start of this excellent analysis piece by Mark John for Reuters. “There is a shift towards talking about stimulus but there is no dramatic leap forward,” said Philippe […]

British democracy was once widely seen as a model for others to follow. But it has now sunk into its deepest crisis in living memory. At stake is not only whether the UK crashes out of the EU without an exit deal, but also how far a country once famed for stability and moderation descends […]

My latest for Project Syndicate

Denmark’s Social Democrats won the election there this month on an anti-immigrant platform. So is immigrant bashing a vote winner for Europe’s beleaguered progressives? Read my latest for Project Syndicate

With the next few months set to be dominated by unseemly haggling over top EU jobs, starting with the presidency of the European Commission, it may feel like business as usual in Brussels. But if you take the longer view, there are good reasons to hope that EU democracy may be evolving in a positive […]

The European Union is increasingly caught between the United States and China. Until it finds a common strategic purpose, the bloc will struggle to advance its interests and is increasingly likely to fall victim to great-power plays. Read my latest column for Project Syndicate. Quoted in the FT Quoted in Belgium’s L’Echo Quoted by Voice […]

I contributed to a symposium published by The International Economy here. “Populist” is often used as a derogatory label for any popular political view that someone deplores. But although populism can take many forms, it has a specific meaning: populists claim to stand up for “the people” (their supporters) against the elites (their opponents, whom […]

On ABC RN’s Sunday Extra with Hugh Riminton on 20 April Listen here.

Despite the huge challenges they face, refugees are the most entrepreneurial migrants in Australia – and are nearly twice as likely to start a business as Australian taxpayers in general. Read my piece in the Guardian to coincide with the publication of my new study for the Centre for Policy Development and OPEN on refugee […]

Greenhouse-gas emissions in the EU actually rose in 2017 – while they fell in Trump’s United States. Read my column for Brussels Times.

Beware enemies hiding in plain sight. The Audi in the driveway and that BMW creeping around the corner are threats to national security. These days, it’s not the reds under the bed Americans need to worry about—it’s the Mercs on the lurk. Read my latest column for Foreign Policy on Trump’s threatened trade war against […]