Spotlight on Geopolitics

In the wake of the attacks on Greece, Portugal and Spain’s credit ratings, it is worth knowing how NY speculators – the same who provoked the 2007-2008 global financial crisis – are now using rumour-mongering and the subsequent investor panic to turn a profit. Pitiful, but true. In an editorial on the current debt crisis… » read more

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A Feeling of Deja vu

By now, the scenario employed against Greece, Portugal and Spain by New York-based international financial scoundrels is all too familiar to anyone who recalls the events of the 1997-98 Asian financial crisis. Then, as now, hedge funds targeted a country whose GDP was largely dependent on tourist dollars – Thailand – and had fiscal problems… » read more

Posted by Spotlight on Geopolitics

Last week’s Davos Economic Forum became a center stage for condemning casino capitalism in earnest. The most comprehensive critique came from French President Nicolas Sarkozy. His attacks on Wall Street bankers’ misdeeds and unreasonable bonus packages were combined with a call for the organisation of a second Bretton Woods conference. The stated objective was to… » read more

Posted by Spotlight on Geopolitics

A Farewell to US Democracy

It’s official : as of Thursday, January 21st 2010, US democracy as we all knew it has ceased to exist. In a highly controversial ruling, the US Supreme Court has done away with the ban on financial contributions by corporations in candidate elections. Thus, the American political system, already antiquated, will drift further away from… » read more

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As fewer legal professionals nowadays still take an interest in defending human rights, the city of Toulouse stands out as a shining example to the contrary. The well-known organisations such as Avocats sans frontieres, Cimade, the Institut d’Etudes Politiques and others organise regular events bringing human rights to the top of the political and civic… » read more

Posted by Spotlight on Geopolitics

Obama’s First Year

From an European perspective, Barack Obama’s first year in office has been less than spectacular as far as results go. His left-of-centre administration includes many of Bill Clinton’s former appointees in vital areas such as economic strategy or foreign affairs. Many of his supporters feel let down with the lack of progress in Iraq, in… » read more

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The Revival of the EAC

From very large Asian countries to relatively small East African nations, the European economic integration model has followers on every continent. Late last year Kenya, Tanzania, Uganda, Burundi and Rwanda have signed the birth certificate for the newest – and smallest – trade bloc, the East African Community. Back in 1999, the leaders of Tanzania,… » read more

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Christmas Plots in Turkey

While Europeans partied this Christmas, on the Islamic side of the Bosphorus Turkish army personnel were busy undermining their country’s shaky democracy. According to The Economist, two Turkish Special Forces agents were arrested over a plot to assassinate deputy prime minister Bulet Arinc. For the first time in the country’s history, civilian authorities were able… » read more

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Next month, Ukrainians will be called to the polls to select their next president. As the 2004 Orange revolution has backfired against its initiators, the presidential election is a two-horse race between pro-Russian candidate Viktor Yanukovich and the current prime minister, Ms Yulia Tymoshenko. Beset by serious economic woes, Ukraine is also striving to find… » read more

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Greece: Storm in a Tea Cup

For the past few weeks, rating agencies like Fitch and Moody’s have hoped to stir up a financial storm within the European Union by downgrading Greece’s sovereign debt and treasury bond issues. On the Greek stock exchange, the downgrade has prompted a slide in bank shares, amid fears that government T-bills cannot be used as… » read more

Posted by Spotlight on Geopolitics