Spotlight on Geopolitics

Archives for Economy & Euro

Major trouble, we learn from the Chinese, can be likened to a tunnel we have to go through until we reach the other side. It is hard to say whether the sovereign debt crisis that hit the eurozone two years ago is about to be dealt with more decisively this fall. To be sure, a… » read more

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Towards Bretton Woods III

The US Federal Reserve’s second round of quantitative easing has prompted near-universal condemnation by the financial leaders of Germany, China, Brazil, the ASEAN and the EU. From The People’s Daily to Der Spiegel, newspapers are full of criticism and dire predictions of an impending international currency war, which is bound to result from the flooding… » read more

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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

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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

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The Asian financial crisis from 1997-98, followed by the subprime crisis of 2007-08 and the 2010 sovereign debt crisis have all but torpedoed what most analysts like to call “the Washington Consensus“. Entire nations and political groups that had opted in the nineties for free markets, political democracy and neoliberal economics are now turning in… » read more

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The current economic tsunami has accelerated integration moves between ASEAN countries, China and other regional powerhouses. The planned launch of Asia’s and the world’s largest trade bloc has prompted me to ask Professor Bruce McKern, a renowned International Management expert, for an interview concerning its prospects in emulating the European Union’s economic integration experience. Professor… » read more

Posted by Spotlight on Geopolitics