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Robert Mundell, Canadian-born Nobel laureate who inspired the euro, dies at 88


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Robert Mundell, the Nobel Prize-winner and supply-side economist who was considered the intellectual father of the euro, has died. He was 88.
His death was confirmed by Sophia Johnson, assistant director of the program for economic research at Columbia University, where Mundell was professor emeritus.
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Robert Mundell, Canadian-born Nobel laureate who inspired the euro, dies at 88 Back to video
A Columbia University professor of economics, Mundell won the Nobel Prize in economics in 1999 for his theory that flexible markets, including the free movement of labour and capital, are necessary for a single-currency zone to succeed. His research helped lay the foundation for the euro, set up by 11 European governments earlier that year. ....

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Swiss spooked by using debt to prop up economy


Swiss spooked by using debt to prop up economy
Issued on:
21/02/2021 - 04:36
4 min
Zurich (AFP)
Germany, which is known for strict budgets, has tapped debt markets to prop up its virus-hit economy, while neighbouring Switzerland has consistently curbed borrowing despite calls to change course.
With Swiss firms struggling through another lockdown, the federal government last week finally loosened its purse strings a bit, doubling emergency aid to 10 billion Swiss francs ($11.2 billion, 9.3 billion euros) as part of a programme to boost the economy.
But when he presented the package for companies worst hit by the latest Covid restrictions, Finance Minister Ueli Maurer again lamented that Switzerland had to borrow to boost the economy. ....

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