The rich and the powerful, who meet every year at the World Economic Forum (WEF), were in a gloomy mood this time. Not only because the day they met close to eight trillion dollars has been wiped off global equity markets by a "correction". But because no leader could be in a buoyant mood.
The appalling crisis ravaging the Middle East and striking terror around the world is a clear challenge to the West, but responses are uncoordinated. This is due on the one hand to divergent analyses of the situation, and on the other to conflicting interests.
The focus on terrorism is obscuring the issues of refugees, and it is important to consider its impact on Europe, after the shock of Paris.
Climate change has been held responsible many of the social and economic woes affecting mainly the poorest in the global South and now many are seeing it as one of the root causes of refugee crises.
As the political situation in Brazil appears to be reaching a state of unstable equilibrium, or more bluntly, as it is transformed from instability to impasse, the economy continues to deteriorate.
The long saga on Greece is apparently over – European institutions have given Athens a third bailout of 86 billion euros which, combined with the previous two, makes a grand total of 240 billion euros.
In recommendations to German Chancellor Angela Merkel at the end of July, the German Council of Economic Experts outlined
how a weak member country could leave the Eurozone and called for strengthening the European monetary union.
"A serious political and social crisis will sweep through the euro countries if they do not decide to strengthen the integration of their economies. The euro zone crisis did not begin with the Greek crisis, but was manifested much earlier, when a monetary union was created without economic and fiscal union in the context of a financial sector drugged on debt and speculation.”
When the three-day conference on Financing for Development
begins on Jul. 13 in Addis Ababa, the competitors in this year’s Tour de France will have reached the mountains. They will have already experienced a few spills and will still have many kilometres to go.
“If you’re against coal mining, why don’t you just walk into a coal mine and stop the excavators?”
In a major paradigm shift, the German government is now placing its bets on digitalisation for its development cooperation policy with Africa, under what it calls a Strategic Partnership for a ’Digital Africa’
Israel’s deadly game of divide and conquer against its enemies could be coming home to roost with a vengeance, especially as the Islamic State (ISIS) grows in strength in neighbouring countries and moves closer to Israel’s borders.
Human rights groups are calling for a sustainable solution to the migrant crisis in Europe, especially following the dismantling of refugee camps in Paris and Calais, France, over the past two weeks.
Only 50 years of Cold War (and the fact that German Chancellor Angela Merkel grew up in East Germany) can possibly explain the strange political power of the United States over Europe.
With little fanfare, the German IFO Institute for Economic Research recently published a report on population projections for Germany which states simply that the country’s population is shrinking fast.
It is astonishing that every week we see action being taken in various part of the world against the financial sector, without any noticeable reaction of public opinion.
A decision by the Israel Defence Forces (IDF) to segregate buses in the occupied West Bank has backfired after causing an uproar in Israel’s Knesset, or parliament, and political damage on the international stage.
In a move to take their message of solidarity to refugees across the country and calling for their voices to be heard in Europe’s ongoing debate on migration, Germany's asylum seekers have taken their nationwide protest movement for change on the road under the slogan: “You Can't Evict a Movement!”.
The victory of the Conservative Party and the debacle of the Labour Party in the recent British general elections is yet another sign of the crisis facing left-wing forces today, leaving aside the question of how, under the British electoral system, the Labour Party actually increased the number of votes it won but saw a reduction in the number of seats it now holds in Parliament (24 seats less than the previous 256).
Events are being organised around the world to celebrate the 70th
anniversary of the founding of the United Nations, but a recent seminar held in the Austrian capital was not held to applaud the body’s past contributions.
Not even a month has passed since over 700 hundred migrants lost their lives in their attempt to reaching the shores of Italy and the media spotlights have already faded on the island of Sicily, Italy’s southern region and main gateway to Europe.