Spotlight on Geopolitics

Archives for economics

Hungary bucks austerity trend

In 1956 the Hungarians rose in revolt against the excesses of Soviet communism. During the 1980’s, the Hungarian society was already making the transition to what we now call the post-Soviet era and its communist politicians opened the country’s borders to East German refugees fleeing to the West . These days, Viktor Orban and his… » read more

Posted by Florian Pantazi

The end for a paper tiger

For over two decades now, we got used to being force-fed by the English-speaking media with regular upbeat stories about Ireland, EU’s own “tiger”. Thus for the first time in the young republic’s history, “the luck of the Irish” fatalism had given way to optimism and to the widely shared belief that Ireland had finally… » read more

Posted by Florian Pantazi

A few days before President Obama’s departure for Lisbon, two prominent Democrats exhorted him in the columns of Washington Post to announce publicly that he would not run for a second term in office. Having been seen as the best hope for the Democrats’ election chances in decades, President Obama is regarded these days as… » read more

Posted by Florian Pantazi

Last week’s top-level political meetings which took place in Brussels and Hanoi ended up with similar calls on the US to avoid stimulating the American economy by printing more dollars. Trying to stimulate growth by flooding the American banking system with liquidity is only of marginal importance to the US economy’s woes. Yet this is… » read more

Posted by Florian Pantazi

The G20 finance ministers’ meeting which took place last weekend in Gyeongju, South Korea, did not do much to ease fears of a potential currency war between developed and developing nations. The only worthwhile achievement was an IMF-brokered decision to increase India, China and Brazil’s clout and voting power on the IMF board. Geithner’s initiative… » read more

Posted by Florian Pantazi

The recent Merkel-Sarkozy compromise regarding penalties against EU states which ring up big budget deficits has been attacked by German coalition partners, experts and the press for being too mild on offenders. In an article published on Europe’s World (“Designing a new institutional architecture for the eurozone”), Mr. Jurgen Stark, executive board member of the… » read more

Posted by Florian Pantazi