Europe’s New Year’s Irresolution

joschka

Will the eurozone crisis end in 2013, or will it drag on throughout the year, and perhaps even deteriorate anew? This is likely to be not only the crucial question for the European Union’s further development, but also a key issue affecting the performance of the global economy. While the EU clearly needs internal reforms, [...]

Iran’s Last Chance?

javier solana

The latest round of negotiations on Iran’s nuclear program between Iran and the so-called “5+1” group (the United Nations Security Council’s five permanent members – the United States, the United Kingdom, Russia, France, and China – plus Germany) has now begun. Following more than a year of deadlock, after negotiations in January 2011 led nowhere, [...]

The Persian Knot

The negotiations between Iran and the five permanent members of the United Nations Security Council, plus Germany, over Iran’s nuclear program are entering a new, and probably decisive, stage. The negotiations have been going on for almost a decade, with long interruptions, and whether a breakthrough will come this time is anyone’s guess. But the [...]

Scary Oil

nouriel-roubini

Today’s fragile global economy faces many risks: the risk of another flare-up of the eurozone crisis; the risk of a worse-than-expected slowdown in China; and the risk that economic recovery in the United States will fizzle (yet again). But no risk is more serious than that posed by a further spike in oil prices. The [...]

Ratification of New START a Great Success for Obama

annen

2010 has been an annus horribilis for the President of the United States. At the midterm elections in November, his Democratic Party suffered a devastating blow, and lost the majority in the House of Representatives to a newly energised Republican Party. And with unemployment still close to ten percent, he soon saw his approval ratings [...]

Who “Lost” Turkey?

Turkey’s “no” last month (a vote cast together with Brazil) to the new sanctions against Iran approved in the United Nations Security Council dramatically reveals the full extent of the country’s estrangement from the West. Are we, as many commentators have argued, witnessing the consequences of the so-called “neo-Ottoman” foreign policy of Turkey’s Justice and [...]

Brave New World? Emerging Powers Need to Show Responsible Leadership

Much has been written about the world becoming multipolar, but nobody seems to be able to tell what such a world would actually look like. After the spectacular nuclear deal between Turkey, Brazil and Iran, the picture becomes a little clearer and it seems that the P5, the mighty five permanent members of the Security [...]