Spotlight on Geopolitics

Archives for E.U.

After more than four years of misguided austerity policies, the sharp economic downturn is about to claim its latest victims – Europe’s democracies. During the sovereign debt crisis, politicians in office – regardless of party ideology – have been forced to resort to hugely unpopular budget cuts and to increase taxes for the middle and… » read more

Posted by Florian Pantazi

Today’s predator class

The days of Cyprus as an offshore banking centre for rich Russians or Britons are well and truly over. All things considered, however, the 30 billion dollars held by them in Cypriot bank accounts is a paltry amount next to the 20 trillion dollars held by Western corporations and individuals in some 60 fiscal havens.… » read more

Posted by Florian Pantazi

In the wake of the sovereign debt crisis, we are used to thinking that neoliberalism has a negative effect only on Europe’s weaker economies. In fact, in many richer parts of the continent people have become obsessed with their regions’ per capita income, to the point of considering to split up for good with their… » read more

Posted by Florian Pantazi

At the latest annual forum in Davos, someone came up with the bright idea of including inequality, a growing concern in the west, on the agenda of the gathering. Naturally, the subject stood no chance of being discussed, as participants claimed to be haunted by the spectre of uncertainty and economic stagnation instead (Time). The… » read more

Posted by Florian Pantazi

EU: going for broke

The 2012 global economic results highlight the unique counterperformance of the European Union among its major trading partners. According to the end of year statistics published by The Economist, even countries like Japan and the United States have managed growth rates of 2 percent or above. The average growth rate for the ASEAN countries reaches… » read more

Posted by Florian Pantazi

Slowly but surely, the set of remedies employed in the hope of solving the euro crisis is now spreading recession from the periphery to the core of the eurozone. Austerity measures, accompanied by an increase in taxes, will bring France’s economic growth to a halt next year. Germany’s growth rate, based on its solid export… » read more

Posted by Florian Pantazi

How much more money can be poured into solving the debt crisis before European decisionmakers realise that current recovery strategies do not actually produce the expected results ? The global financial crisis followed by the European debt crisis are proof of an American export turned toxic, namely the Washington consensus. Its commandments, which consist of… » read more

Posted by Florian Pantazi

As the European holiday season draws to a close, I suspect that many EU leaders are loath to return to work. A lack of appetite, given the current economic context, would be perfectly justified. Leading economists on both sides of the Atlantic have noticed that neither austerity measures (the EU’s case) nor monetarist remedies (the… » read more

Posted by Florian Pantazi

A year ago, a group of superior US officers with Republican credentials were involved in a geopolitical brainstorming session at the National Defense University in Washington. The group was asked to provide answers regarding the US’ place in the world and to outline a ten-year national security plan. Edward Luce was invited to attend and… » read more

Posted by Florian Pantazi