Last week I led a discussion among public managers on the ethics of their job, during a session of a public leadership program at IESE. I want to share with you the preliminaries of our conversation and the questions that finally came up. First of all, the owner of the public institutions is the people…

The most heavily indebted governments have always resorted to the same strategy: inflation. Suppose you owe 100 euros that you need to repay in one year at an interest rate of 3%. When the time comes, if inflation is 5%, you will repay 103 euros with a purchasing power of only 98 euros. The lender…

International Labor Day is an ideal occasion to reflect upon work conditions, and especially, the problem of unemployment, particularly acute in some European countries such as Greece and Spain. According to the Eurobarometer survey published at the end of April, approximately half of European workers (53%) believe they have good working conditions in their county.…