After the latest Syrian ceasefire deal had been violated through a reckless airstrike on a UN-convoy which headed into the encircled Aleppo, more than 560 people were killed (according to the Syrian Observatory for Human Rights). London and Washington called for Russia and its Syrian ally Assad to face war crime investigations, accusing them of deliberate bombing of civilian targets. Starting from Russia’s aggressive actions in Ukraine, new sanctions might now be on the table due to Moscow’s actions in Syria, possibly deepening Vladimir Putin’s international isolation even further. Continue reading
Only five years ago, barely anyone in Europe (outside the EU bubble) had ever heard of Frontex. Today, this young agency has captured media and civil society attention as it has become a relevant actor in the worst migration crisis the continent faces since World War II. With a recently approved new mandate and additional resources, the EU expects that this agency, currently in the spotlight, will rise to the occasion. Yet this response to the refugee crisis has both critics that deem it insufficient to strengthen external borders control and detractors who believe the EU is just blocking the route to refugees that seek shelter. Continue reading
100 days on from the fateful UK referendum, the only thing agreed on is the huge complexity of Brexit. This justifies the wait-and-see approach of the UK government which, by cataloguing the many problems that need to be resolved, is carrying out a kind of giant impact assessment. But one aspect of negotiations seems to have been overlooked or at least under-estimated: the relationship with the World Trade Organisation (WTO).
The digitalisation of industry is a revolution. It will accelerate innovation and drive productivity. It heralds a new era and promises a future of smart manufacturing, customised products and increased coordination between supply and demand.
Some, however, are more cautious about the whole thing. While the Commission presented its strategy to digitise industry and, in essence, support the automation of production, Commissioner for Employment Marianne Thyssen stated that the industrial transition towards a digital revolution entails a “fundamental transformation of the world of work.” How she sees this transformation exactly is not clear. But her statement seems to indicate an awareness of a deep conflict in European policy making, as the eagerness of the Commission to leap forward technologically may be odds with another important driving force of the economy, namely, employment.
Since the advent of the Bretton Woods System when the dollar was issued as an international reserve currency, Europeans especially the French, decried ‘le privilege exorbitant’ of the US. Indeed, the exorbitant privilege was used and misused throughout the 1960s, to pay for Johnson’s New Society and for the Vietnam war. This currency power has many benefits, so with the start of the monetary cooperation in Europe, the EU wanted something for itself like the dollar, so it created the euro. Hence, the euro is used widely as a reserve currency entailing special benefits for the Economic and Monetary Union (EMU).