Tag Archives: crisis

In a world economy where all BRICS are weak or weakening, where Japan is combating its crisis, and only the U.S. has significant growth rates, the weakness of the Eurozone is worrying. What should be done?

The new EU Commission finds itself in the middle of a shooting-out between two increasingly outspoken camps: Should growth be stimulated by quantitative easing, and by state-induced spending programs? Or should austerity policy be continued, accompanied by structural reform in the southern EU countries? This is indeed a question that indicates a divide – mostly between Germany, Finland and the Baltic countries in the second groups, and most of the others in the first. The problems of France and Italy to push their budget deficits below the 3 per cent limit of annual debt against GDP. The southern governments not only encourage themselves, but also Germany to increase spending, forget about balancing the budget (to be reached in Germany in 2015 for the first time in decades), and instead start spending and investing into infrastructure and other goodies. A related fight is going on in the ECB, where a majority supports the line of Mario Draghi to do “whatever it costs” to save the Euro, against some other central bank governors criticizing the lax attitude of the ECB, buying very questionable state bonds ignoring their market value.

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How can we explain the trend towards independence, separatism and attempts at nation-building when states are generally underperforming under the tsunami of capital flows, migration, and rapidly moving content?

(Paco Rivière/Flickr/Creative Commons)

How can we understand – beyond the differences – the similarities of cases like Catalonia, Crimea, Chechnya, the Karen state in Myanmar, Kashmir, Kosovo, the Kurds, Scotland, South Sudan, Xinjiang and Tibet in China, and most recently Venetia?

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Ukraine Tinderbox: How should the international community react to Russia´s military moves in Crimea and what are the options for Russia and the EU if the announced referendum finds a majority voting for secession?

(Photo: E. Arrott/Voice of America)

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What are the three most relevant challenges for Global Politics in 2014?

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