Financial sanctions that limit Russia’s borrowing are for now ineffective, as Russia currently has three surpluses: in the federal budget, balance of trade, and current account. The Russian state and most Russian business (at least the kind of business that could in theory raise investment abroad) simply don’t need major credit lines.
As Turkey continues to forge its own economic and political path, the issue is how much more damage the current system of governance will inflict on the country, and how long and costly fixing the destruction will be.
Relations between the U.S. and the EU are at an all-time low. European Commission President nominee Ursula Von der Leyen’s background makes her uniquely qualified to rise to the challenge posed by Trump.
A selection of experts answer a new question from Judy Dempsey on the foreign and security policy challenges shaping Europe’s role in the world.
Calling an election once Brexit has happened would offer a huge advantage for Boris Johnson. Taking on a possibly revived Labour party would be more fruitful than going up against Nigel Farage.
Boris Johnson, who is all but certain to become the next UK prime minister, has promised to deliver Brexit by October 31. But breaking his word has been a theme of his career.
Based on individual considerations and prevailing security and economic conditions, reinvestment in Syria will be limited and could have mixed effects.
Income inequality in the United States hampers growth and forces up debt. In advanced economies in which investment is not constrained by scarce savings, high levels of income inequality lead automatically to either more unemployment or more debt. Such inequality undermines not only the health of the economy, but eventually also the rich.
As the dust settles from the European elections, it is important to stand back from immediate political battles and assess the longer-term implications for European democracy.
Despite securing a place among the very few European leaders with a landslide victory under their belt in the 2019 EU election, Hungarian Prime Minister Viktor Orbán is not celebrating.