The Italian eagerness to sign a memorandum of understanding with the Chinese government over participation in the Belt & Road Initiative (BRI) sent shockwaves throughout Europe. Under the Eurosceptic coalition government in Rome, Italy has found a friend in China, which sees the ‘forgotten’ port of Trieste as the perfect gateway to the heart of Europe for its 21st Century Maritime Silk Road.
ISPI and the Trilateral Commission Italian Group organised a lunch talk with Jean-Claude Trichet, Former President of the European Central Bank (2003 - 2011).
Jean-Claude Trichet addressed the following topic: 'A decade after Lehman: what is the likelihood of the next big financial crisis?'.
By invitation only
Most ways to resolve the current stalemate in the UK parliament with respect to Brexit imply that the UK will no longer be part of the internal market for financial services. There is a risk that capital market services in the EU-27 will decline in scope and quality without the UK in the internal market but this risk can be mitigated. We propose that the EU and the UK form a joint high-level committee to develop proposals for simplified and better regulation that strengthens market discipline.
Shared visions make for strong allies. The US and EU interests in each other’s energy security run deep for a reason. Energy security and interconnectivity breed economic opportunity and stability as well as political security, all of which are of the highest priority on both sides of the Atlantic.
The 31 March presidential elections in Ukraine matter to Ukraine, its region and the EU. While the majority of experts deem it impossible to have a winner in the first round and, thus, expect a second one in April, the March contest will be a first important step in the crucial process of determining the direction the country will take. Thus, while we should not hold our breath on election day, we should definitely keep a close eye on the contest and its outcome.
Donald Trump's policies have introduced new tensions in the international order, an order that the U.S. had been defending and promoting since the Second World War. At the same time, China’s growth and Russia’s newfound assertiveness are increasingly challenging the Western liberal order. In short, the signs of the “end of a world” that many had taken for granted for decades are multiplying, with far-reaching consequences on the resilience of the international system, on multilateral organisations, and even on the institutional structure of individual states.
If there is one thing that the Chinese leadership hates, it is not being in control of something crucially important. In the context of its authoritarian political system, the Chinese Communist Party (CCP) remains in power with no need to compete with another political party. However, regime security remains its number one concern (or core interest) and, more than anything else, it relies on the fact that the party is seen as legitimate ruler.
Engagement and constructive dialogue, albeit conditional, are the leitmotif that have driven the European strategy towards Iran for the past three decades. While this is likely to continue being the case, the fear of being back to the future, in a situation in which such approach yielded limited results, might lead to a new and different stage in the EU-Iran relations moving forwards.
For the first ten months of 2019, the European Central Bank (ECB) will still be chaired by Mario Draghi. His term, which lasted for eight years, cannot be further extended. In the meantime, Heads of State and Government will ponder the choice of his successor. During this last period of Draghi’s presidency, difficult decisions are expected, which the Board of Directors will have to take in a concerted manner while promoting harmony and continuity as the presidency changes.
It’s the moment we’ve all (not) been waiting for: the 2019 European Parliament elections. As if Europe didn’t have enough problems at the moment, citizens of the rebranded EU-27 are set to go to the polls in May in what many observers consider the most consequential EP election since its founding in 1979.