Swiss bankers, long perceived as smart and the epitome of security, have lately projected themselves as venturesome players in a global theatre of high risk. It didn’t pay off, their involvement with Greensill Capital and Archegos Capital, resulted in major financial losses and a loss of cachet.
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India will host the 19th meeting of the Council of Heads of Government on 30 November 2020. This will be the first meeting of the grouping’s second highest organ, hosted by India. The significance of the event lies in the timing – India’s relations with two fellow memberstates, China and Pakistan, are at an exceptionally low ebb; yet the clear message from the SCO Secretariat and other member-states is: India’s presence in the SCO is highly beneficial to the latter and should be fully leveraged to strengthen it as an important and upcoming intergovernmental organisation. This necessitates a fresh appraisal of options for India.
In July 2020, Germany takes over as President of the European Union. It’s a fraught time to lead the union which has been slow to react to COVID-19 and needs a new direction. With the pandemic, the U.S.- China stand-off, and a global economic crisis – Chancellor, Angela Merkel has her work cut out.
A decade after the term ‘degrowth’ was first deployed by a small group of European academics, it draws unconventional thinkers, not mainstream policy makers. The recent Degrowth Conference in Budapest made perpetual growth, not degrowth, seem utopian.
The IMF will soon consider an important change to its policy on lending that may help continue its bailout programme to Ukraine, even if Ukraine defaults on a loan from Russia that matures in December 2015. If it does make the change, the IMF could be staking its credibility to favour the West’s political agenda
The imposition of sanctions by Western countries on Russia has conflagrated the Ukrainian crisis with both sides indulging in an asymmetrical sanctions game. The hardening of positions has caused the Russian and the European economies to suffer, with no end in sight for the conflict
Neelam Deo, Director, Gateway House, talks about the potential economic impact of the ongoing crisis in the Ukraine. In this interview, she also examines the aid packages offered to Ukraine by Russia and the West, and assesses how the situation will affect India’s trade relations
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?
As India and the European Union negotiate on a Free Trade Agreement (FTA) in New Delhi, we analyse the relevance and impact an FTA would have on both parties. Can creative methods be implemented to break the current deadlock in negotiations?
Gateway House’s Hari Seshasayee interviewed Nicolas Krul. A stout defender of European unity, Krul discussed the origins of the crisis, the lessons learned, possible solutions and the opportunities for the emerging world.