Tax revolts and soaring public debt in France
29 November 2013
A weekly summary, plus unique comments from Prince Michael of Liechtenstein
As sanctions take their toll, Russia turns to import substitution
As the Russian economy’s difficulties deepen, the Kremlin is putting a brave face on things. It maintains that Western sanctions have been beneficial and that its own anti-crisis program is working. Moreover, the government is talking up a new “Strategy 2030” to boost domestic self-sufficiency based on import substitution. The ...
Professor Stefan Hedlund
Euro crisis: time for a rerun?
After Greece obtained its third bailout last summer, Europe turned its attention to other crises. But it would be naive to conclude that the sovereign debt crisis is over. The Greek drama is still far from a happy ending; in Portugal and Spain, fragile left-wing governments may want to abandon ...
Dr. Michael Wohlgemuth
U.S. is key to managing the Western Pacific military buildup
The most important navies in the Western Pacific are growing in strength. Forces all around the region are improving, but the Chinese People’s Liberation Army Navy accounts for the lion’s share of new capacity, both in the number of vessels and technological sophistication. How the United States chooses to address ...
Argentina weighs up energy price adjustment
Argentine President Mauricio Macri must cope with an energy sector in dire straits. Policy over the past decade has been inconsistent and often counterproductive. Subsidies weigh heavily on public finances. However, reforming the hydrocarbon extraction and refining industries should prove far easier politically than solving the country’s challenges in electricity ...
Dr. Noel Maurer