Martin Wolf

speaker
495 appearances 3 recordings 1 series first heard Nov 2024 last heard Jun 2025

Martin Wolf’s voice in public audio — every appearance, attributed to the second.

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But you could imagine if the Eurozone started issuing common debt, that would be a very attractive asset for the world, of course.
So yes, I think f greater fragmentation, greater diversification.
education, uh um better risk management, if you like, is a very plausible future because we've seen in America we didn't expect and you can't unsee it.
So we people should be a bit more careful and
The problem again is this implies a degree of commonality in fiscal affairs.
It's a joint fiscal commitment and that's a major uh shift in the direction of uh moving core sovereignty from the nation state level to the European level.
And if you look at the politics of Europe right now, there are tremendously powerful uh
headwinds for such a shift and we don't know where this will end up.
It doesn't look very good.
So in the end I think the dollar will remain the dominant currency, but the others will also become more significant, more fragmented uh and more uncertain worlds.
But it doesn't seem to me right now I hope I'm right that the end of the world is about to happen for the dollar or the world financial system.
The weekend edition.
Yes, I agree.
Uh very much so.
Uh I mean your the premise of your question is that there's some sort of coherent plan here, uh which has been worked out in a way that professionals in economics or finance or business more broadly would understand.
But there hasn't been.
There isn't.
And that's not the way to think about Donald Trump.
He has instincts and emotions and prejudices.
prejudices.
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