This daily column includes Gateway House’s Badi Soch – big thought – of the day’s foreign policy events. Today’s focus is on Platts which is under investigation by the EU for allegedly manipulating crude oil prices.
Courtesy: Prime Minister's Office
Negotiations for the India-EU Free Trade Agreement, which began in 2007, have yet to conclude. Deepak Rao blogs about the factors delaying the process, and the implications of the agreement on different sectors of the economy.
Subsequent to the global financial crises of 2007, while several countries were still struggling with economic problems, Latvia managed to dramatically decrease its public debt, and its GDP too grew at an impressive pace. How was this success achieved and at what cost to the people of the country?
The rejection of the bailout deal by Cyprus’s parliament has threatened the Eurozone households’ trust in the European Union’s banking system. This could result in significant damage, and unlike in previous crises, there is little the European Central Bank can do, alone.
In the recent past, Western nations have intervened in non-Western nations to introduce a Western form of ‘democratic governance.’ However, these Western nations must understand and include local dynamics in the new governing systems, and create institutions to maintain the stable functioning of the new system.
Contrary to perceptions in Europe, the EU has no global leadership in the adoption of the Basel III accord; it is now likely to adopt it in a less compliant form than most other jurisdictions. Why is it in the EU’s interest to revise its Capital Requirements Regulation to make it compliant with the accord?
In the backdrop of the European Union’s (EU) economic crises, the international community’s focus has shifted towards Asia. Gateway House interviews renowned historian and scholar Timothy Garton Ash on the lessons Asia can learn from Europe, Britian’s role in the EU and political morality.
By backing Malian troops, France seeks to stabilize the situation as an African multinational force moves in to help. However, with a stagnant economy and, the central EU bodies providing just rhetorical backing, Paris cannot continue the commitment on its own for long.
The ongoing economic crisis in Europe has resulted in large scale unemployment among the youth in the EU nations. However, measures like apprenticeship opportunities and flexible labour markets can help in improving the situation.
The deterioration of growth prospects is at the core of the financial crisis in Europe. Can Europe successfully form a banking and monetary union? Gateway House interviews Nicolas Véron, a French economist, to discuss the repercussions of the financial crisis in Europe and the potential for Indo-EU cooperation.
