USA, which we call "mini trade wars": the Hormones, the Bananas, the Foreign Sales Corporations and the Steel cases. The … arbitrator's estimation of the trade loss in case of non-compliance never translates into equivalent damage to economic welfare …

Ten years ago, the global financial crisis started to unwind in the USA and triggered the greatest recession since … World War II. Although the crisis of 2007-08 was caused in the USA, their economy was not hit so hard in the Great Recession … of 2009 as in Europe, and in particular in the Euro area. The USA also recovered more rapidly and sustained from the …