Thirty years ago, on Monday, October 19, 1987, the US Stock market collapsed. Plunging more than 500 points, the Dow Jones Industrial Average finished the day down 23%, its greatest single day... read more
Merkel will probably succeed to stay on course but Italians prefer to focus on a sunken ship. This tells a lot about the boring German election campaign and Mediterranean disinterest.
A congressional rejection of the military intervention in Syria will give Obama the right excuse to avoid military action and to accomplish his mission: calling the Russian bluff with a bluff.
Exports are considered to be the driving force in booming economies. Yet, by focusing too much on growth from outside, economies neglect their most important market: the domestic one.
The current crisis is driving a wedge between Germans and Italians. Newspapers are filled with reciprocal accusations and criticism, and the gap between the two countries is getting wider and wider. Time to focus on a powerful commonality: Music.
Italy needs reforms and restructuring to overcome the current crisis. But attempts to emulate Germany’s success won’t help to solve the country’s problems.
US hegemony in the Middle East will not be safeguarded by military interventions. The Syrian crisis proves that today’s global game of power can only be won through clever tactics. Time to learn from the Russians.
Without the euro, Southern Europe is headed for trouble. It’s in Germany’s interest to keep the Eurozone together to prevent turmoil at its doorstep.
The United States hoped to build Turkey into a model democracy in the Middle East, and to wait out the turmoil of the Arab Spring. Both policies have failed.
Exactly 24 years after the massacre in Tiananmen Square, Turkey’s prime minister has to decide how to respond to demands for real secular democracy. Will he agree to reforms – or “go Chinese”?
Italian soccer clubs have a racism problem. It’s indicative of the sorry state of Italian civil society that almost nobody dares to speak openly about it.
Syria’s conflict is likely to continue for years – unless we change more than the rules of the political game. A two-state solution is most likely to prevent further bloodshed and preserve regional stability.
The struggle over the euro currency is re-introducing fragmentation to the European continent. New divisions won’t emerge from religious or ethnic fault lines but from different business cultures.