Spotlight on Geopolitics

Archives for Economy & Euro

Over the past fifteen years, quite a lot of criticism has been levelled by the “MIT gang”° against what has become known as the Washington consensus. Very little or no public discussion, however, has taken place about its close European offshoot, the Berlin consensus. Sure, there are some differences between the neoliberal economic thinking underpinning… » read more

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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

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To those in the know, the Italian peninsula was not only the cradle of the Roman Empire or Rome the centre of the Catholic faithful, but also the birthplace of capitalism and of countless statecraft innovations and institutions still widely used around the world today. During the middle ages, the Italian city-states thus discovered and… » read more

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Very few American experts grasp the motivations behind the construction of the European Union. As a result, American specialized literature abounds with misguided comparisons, such as that between the US Civil War from the 19th century and today’s tense situation between Europe’s North and South. Yes, the EEC was initially formed in 1957 to prevent… » read more

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My views on Grexit

With protracted negotiations still going on in Brussels, I would like to provide my readers with an opinion I have expressed in February this year, in an email exchange with my younger Blogactiv colleague Dimitri Rapidis from Athens. I still consider today that the total absence of a Plan B has severely weakened the position… » read more

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Two-speed Europe

The decisions agreed upon by EU leaders during the 26th of October summit – the leveraging of EFSP, the “voluntary” 50 percent reduction of Greece’s debt, improved coordination of fiscal policies within the eurozone countries, the appointment of a super-commissioner with fiscal oversight responsibilities – have all been judged as steps in the right direction… » read more

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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

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As a general rule, with the exception of Russia and China, few developed countries have a geo-economic agenda of their own. This, after all, is the task of multinational or global corporations. The latter can benefit from logistical state support, but to a much more limited extent than in the past. The situation is somewhat… » read more

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Is the eurozone shrinking ?

Over the next few days, EU political leaders have to decide what to do about the Greek debt crisis. Leading economists and quite a number of EU politicians are deeply divided when it comes to putting together another large financial rescue package. Economists like Professor Hans-Werner Sinn and Professor Kenneth Rogoff argue for a shrinking… » read more

Posted by Spotlight on Geopolitics