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The success and failure of the euro and the Greek drama – By George Konstantinidis

7 Jun

“The euro is much more than just a currency, it is a symbol of European integration in every sense of the word” Wim Duisenberg – former chief of the European Central Bank, 30th August 2001.

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Can Europe beat Germany? – By Nadim Souss

6 Jun

The financial situation in Europe is by no means simple. With Greece still recovering from a huge financial meltdown, the debt-ridden governments of both Italy and Spain look to be next in this financial apocalypse. Within the ‘fatherland’, Angela Merkel is still calling for austerity measures, while the rest of Europe seems to have lost its interest in what some are calling ‘the new European republic’. The ruling right wing coalitions in many countries responsible for this debacle are one after the other being ousted from power. The election of François Hollande in France and the strengthening of SYRIZA (coalition of the radical left) in Greece, is a strong sign that the tide is turning and that the severe programmes long-favoured by many as a recipe for economic recovery at the expense of the social welfare are no longer to be accepted by the governed. Continue reading

The future of NATO, and the power it must rely upon – By Andrew Sklover

30 Apr

The future of the North Atlantic Treaty Organization’s power lies exclusively with neither the hard nor the soft power of member states, but rather in an equally inclusive “smart power.” This all-inclusive and ever expanding organization faces many problems in the coming years. With a potential fiscal meltdown in Europe, differing defense spending goals, and a power sharing disparity that continues to weigh heavily upon the US, NATO members clearly have their work cut out for them. However, while the alliance will face numerous challenges in the future, not all is gloom. After a successful intervention in Libya just over a year ago, when 14 member states participated, both these members and other supporting countries proved that they can indeed come together to protect freedom when the situation warrants it. However, this level of cooperation must become the standard, not the exception, in the future. Continue reading