Spotlight on Geopolitics

Archives for economics

In Wolfgang Schaeuble’s Germano-centric EU, no institution is more important – apart from his Politburo-like Eurogroup and the Office of the Chancellor – than his Ministry’s Council of Economic Advisers. The most influential adviser among them is Professor Hans-Werner Sinn from Munich, a Christian missionary-manqué turned tele-economist. Like any good German, Professor Sinn has but… » read more

Posted by Florian Pantazi

The SCO expands

The EU’s expansion into Ukraine obeys the law of unintended consequences. Alliances that were probably decades into the making are starting to take shape in months, if not weeks. Thus, after ten years of protracted negotiation, Russia agreed to sign the huge gas-supply contract with China last June. The two countries have reinforced their diplomatic… » read more

Posted by Florian Pantazi

Last Saturday, Thomas Piketty and a group of French intellectuals have launched a manifesto which is intended as a guide to would-be reformers of the European Unions’ policies and institutions. Central to the manifesto is the idea of introducing an EU-wide corporate income tax which, according to its authors, will prevent both fiscal dumping and… » read more

Posted by Florian Pantazi

The 2014 annual gathering of the world’s business and financial elite in Davos was initially supposed to consider major issues of our time, such as inequality and climate change. I say consider and not debate because one cannot rationally expect a serious discussion of possible ways to tackle inequality at a conference which reunites its… » read more

Posted by Florian Pantazi

Every few decades or so we are brutally reminded that the global economic system can experience serious dysfunctions and that the science called upon to find the necessary remedies is rarely, if ever, up to the task. The latest controversies among economists regarding austerity policies or possible solutions for dealing with sovereign debt are a… » read more

Posted by Florian Pantazi

Over the past few years, Europeans have been bombarded with media accounts of the so-called “ German miracle” and the role of Schroeder’s Agenda 2010 in generating it. Guillaume Duval, editor-in-chief of Alternatives Economiques (France) has recently published a book on the subject, “ MADE IN GERMANY : Le modèle Allemand au-delà des mythes “.… » read more

Posted by Florian Pantazi

According to the laws of aerodynamics, the honey bee is too heavy and its wing shape cannot support it in the air. This, nevertheless, does not prevent it from flying and tirelessly collecting pollen every day, which is the essential raw ingredient in the production of honey. The sovereign debt crisis has provided fodder to… » read more

Posted by Florian Pantazi

Egypt’s Odious Debt Legacy

In an op-ed recently published on Project Syndicate (“Mubarak’s Odious Debts”), Saifedean Ammous, an economics lecturer from Beirut University, calls for the repudiation of the debt accumulated by Egypt during Mubarak’s 30-year rule. He makes a compelling case on behalf of a country experiencing severe social and political problems. Thus, according to Ammous, the public… » read more

Posted by Florian Pantazi

Talking down the euro

Since last December, the credit rating agencies, economic pundits and the transatlantic financial media have intensified their dire predictions regarding the euro’s chances of survival. This, however, should come as no surprise, as the eurozone governments are expected to sell no less than 850 billion euros in government paper in the first trimester of 2011.… » read more

Posted by Florian Pantazi