When and whence will the new recession come? Some believe it’s time to seek shelter from the storm brewing on the other side of the Atlantic...
Today’s European Union is in an identity crisis as it seems to be losing its points of reference. The principles that upheld its creation are being increasingly questioned around the world and within the EU itself. Its chances to survive hinge upon its ability to deliver at home and abroad, without abandoning its values and principles but rather adapting and re-launching them.
It was a visit worthy of a plethora of superlatives. The arrival of China’s President Xi Jinping in Athens (November 10-12) was termed a “vote of confidence” for Greece. Prime Minister Kyriakos Mitsotakis underlined that Greece and China are bound together by their cultural heritages, linking ancient civilizations of the West and East. President Xi described China’s multi-decade anchor investment in the Port of Piraeus as the “biggest project of the One Belt, One Road Initiative” (OBOR, the official Chinese term for the ‘Belt and Road Initiative’ (BRI)).
As we all know, urbanisation is a crucial ingredient of our century and of globalisation. In this perspective, examining the features of European cities can be very useful. As a region of ancient city-dwelling, the Old Continent can provide a paradigm that, far from having to be reproduced as it is, can be the source of precious starting points for those areas of the world that deal with this challenge today, and in a much stronger way. Moreover, this issue is particularly significant today, just a few months after the European election round.
In early November, Italy decided not to withdraw from the memorandum of understanding (MoU) it signed with Libya’s UN-backed Government of National Accord (GNA) in February 2017. The MoU established a framework for cooperation between Libya and Italy “in the development sector, combating illegal immigration, human trafficking and contraband, and strengthening border security”.
The more you discuss with China, the better you will understand each other. The more you cooperate with China, the more incentives Beijing will have to pursue a liberal reform agenda. So went the underlying logic of “constructive engagement”, an unofficial approach taken by the EU vis-à-vis China for the most part of the last two decades.
On 18th June 2019, senior officials from Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama gathered in an annual meeting in Antigua Guatemala with representatives of the European Union (EU) to discuss issues and best practices related to implementation of their Association Agreement. Signed in 2012, the agreement aimed at scaling up the economic and political cooperation between the EU and Central America (CA) going beyond the simple unilateral preferential access granted to Central America under the EU’s General Scheme of Preferences.
Caught between the rise of emerging powers and newly-created organisations that compete with them, Multilateral Institutions seem increasingly unable to provide shared, fair and effective solutions to today’s common international challenges. What are the root causes of the current crisis of the global liberal order? How could this impact international trade and economic growth, as well as international and regional security? How can multilateralism be defended and re-launched?
Amid the daily high drama of Brexit, it is easy to lose track of the structural shifts, or lack thereof, that may be associated with the UK’s possible departure from the European Union. One of them, and not the least, is the potential impact on the European and global financial system. London is currently the undisputed financial hub of Europe of the broader region encompassing the Middle East and Africa; together with New York, it is one of the two still-leading financial centers worldwide, despite the ongoing rise of Asia and especially China.
In the spotlight of the international media last year following the performances of its team in the 2018 FIFA World Cup in Russia, Croatia will be now given a significant opportunity for political visibility with the Presidency of the Council of the European Union in the first half of 2020. Its first term ever since the Former Yugoslav republic entered into the bloc in July 2013.