On July 29 Russia vetoed a draft U.N. Security Council (UNSC) resolution on the establishment of an international tribunal to investigate the downing of Malaysia Airlines MH17 flight over eastern Ukraine last year - killing all 298 people on board.
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.
Anti-nuclear energy activists are up in arms, and have taken to vigils outside South Africa’s parliament in Cape Town to protest against President Jacob Zuma’s push for nuclear development.
"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.”
The formal opening of the BRICS Bank in Shanghai on Jul. 21 following the seventh summit of the world’s five leading emerging economies held recently in the Russian city of Ufa, demonstrates the speed with which an alternative global financial architecture is emerging.
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.
Just days ahead of a summit of the BRICS group of emerging economies (Brazil, Russia, India, China and South Africa) in which the five countries are expected to formally launch their New Development Bank (NDB), 40 NGOs and civil society groups have penned an open letter to their respective governments urging transparency and accountability in the proposed banking process.
The decisive result of the Greek referendum held Jul. 5, in which voters overwhelmingly rejected (61.3 to 38.7 percent) the terms of an international bailout, has opened a new chapter not only for the future of Greece, but also in terms of the essence of the European Union itself.
As the leaders of the BRICS five meet in the Russian city of Ufa for their annual summit Jul. 8–10, their agenda is likely to be dominated by economic and security concerns, triggered by the continuing economic crisis in the European Union and the security situation in the Middle East.
Press freedom groups are condemning veiled death threats against Novaya Gazeta correspondent Elena Milashina by a Chechen online news portal last month.
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.
The “U.N. Report on the human rights situation in Ukraine”, which was referred to in an Inter Press Service (IPS) article of Jun. 2, does not, in my view, reflect many salient points.
The euphoria that spread though the world after the Iran nuclear agreement reached in Lausanne in April this year with the United States, Russia, China, France, United Kingdom and Germany, plus the European Union, is proving short-lived.
It has been apparent for some time that we are in the midst of a historic shift of the centre of gravity of the global economy from the trans-Atlantic to what is now becoming known as the Indo-Pacific.
The numbers are in, and there’s not much to celebrate: every year, about six million people die as a result of tobacco use, including 600,000 who succumb to the effects of second-hand smoke.
World governments expect to agree to a new global treaty to combat climate change in Paris in December. As the catastrophic impacts of climate change become more evident, so too escalates the urgency to act.
Debt restructuring is a component of crisis management and resolution, and needs to be treated in the context of the current economic conjuncture and vulnerabilities.
For a long time, citizens of the United States have firmly believed that their country has an exceptional destiny, and continue to do so today even though their political system has become totally dysfunctional.
Lesbian, gay, bisexual and transgender (LGBT) groups in Central and Eastern Europe, which still faced mixed prospects as they fight for rights and acceptance, are now taking some heart from the “failure” of a referendum in Slovakia, a member of the European Union.
Nicaragua, the second-poorest country in the Americas, is tapping into its depleted coffers to upgrade its ageing military fleet with costly new equipment from Russia – a move that has sparked controversy at home and concern among the country’s Central American neighbours.
When I am asked whether Europe is still a relevant “protagonist” in the modern world, I always answer that there is no doubt about it. For a long time now, the continent has been shaken by financial crises, internal security strategy crises – including wars – and instability within its borders, which definitely make it a protagonist in world affairs.