Recently, the European Union and India have been in the news for a near-final free trade agreement, as have the United States and the 10 other countries who are hammering out the Trans-Pacific Partnership (TPP). While these agreements could bolster economies that were weakened by the recession or that are struggling to emerge, they also […]
In its latest issue, the weekly British magazine the Economist called Mr. Hollande, the Socialist candidate to the French presidency, the most dangerous man of Europe. Even though this statement is not only a smart marketing move, it appears out of line considering the behavior of Britain in Europe. Without launching an anti-British attack, it […]
The world has found a way to strike back at Syrian President Bashar Assad: they have slapped travel sanctions on his London-born wife, Asma, to thwart her addiction to luxury shopping. One year into Assad’s churning assault against various opposition groups, stopping his wife from shoping in Europe is one of the few things the […]
The Greek dimension of the EU sovereign debt crisis is by now well known to all. Investor anxiety over excessive national debt throughout the EU led to demands for higher interest rates from several governments with greater debt levels and current account deficits. This in turn made it difficult for some governments to finance further […]
Amidst all that is happening in the Arab world (escalating violence in Syria, and nuclear brinkmanship by Iran) and the never-ending (epic) saga of the Greek sovereign debt crisis, comes the delayed EU-China summit in Beijing this week (February 14, 2012). Held on Valentine’s Day, it was full of promises for mutual love, respect and […]
As Europe suffers a severe a cold snap, EU-Russian relations are experiencing a proverbial chill. The diplomatic cooling is the result of EU foreign policy chief Catherine Ashton’s criticism of Putin’s democratic credentials. The sharpness of Ashton’s critique was for many a somewhat surprising, yet desirable development. Indeed, the tough stance on the state of […]
Africa’s economic prospects have always been a topic of great consternations for local governments and international analysts and commentators. A continent rich in commodities (oil, diamonds, minerals), with a favorable demographic trends, and the potential for economic growth, has historically been ‘stuck in the muck’. Yet, things are turning around, and the past decade has […]
As the Arab Spring is turning to its second (and harder) phase of conducting elections and forming legitimate transitional government, the need for an economic strategy is becoming painfully apparent. The people, who marched on the streets demanding political freedom, were also demonstrating for economic freedom and the general improvement of their future economic prospects. […]
At least 23 and perhaps as many as 26 of the 27 members of the European Union have agreed to an inter-governmental agreement that may or may not save the euro from the bond market vigilantes. A full-blown treaty failed because there was not unanimous support for the idea – Britain stood alone in saying […]
Wednesday, November 23, 2011, Germany sold 10-year Bunds at its debt auction worth 3.64 billion euro with an average yield of 1.98%, and the bid-to-cover ratio was 1.1 , while the Bundesbank retained the remainder of the 6 billion euro offering. To most people, that’s just Wall Street gobbledegook, but in fact, it is a […]
Brussels has always had a bum rap in Europe. Brussels is that faraway place where decisions are made over the heads of people. Brussels is considered undemocratic and technocratic, and is contrasted unfavorably with the familiar closeness of national politics. In the past 40 years or so, selling the EU to the public has often […]
Once the shining example of Turkey’s ‘strategic depth’, the Assad regime, as a result of its repression of Syrian dissent, has moved from a ‘zero-problems’ policy to a ‘tough love’ policy in Turkey’s foreign policy outlook. During his September speech in New York, Turkish Prime Minister Recep Tayyip Erdogan emphasized Turkey’s changing view towards the […]
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