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Source: Wikimedia Commons

Europe moves to reduce energy dependency on Russia

The Ukrainian crisis and sour relations with Russia highlight the need to address the EU’s energy security issues. The recent EU Ypres summit decision might be an important step in this direction. In late May, the European Commission unveiled the new European Energy Security Strategy (EESS) with key recommendations on how to improve the EU’s […]

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4 things the world in 2014 has in common with 1914

There are striking parallels between the world in 1914 and 2014. While we may not see another world war break out, the various challenges confronting the world today and the risks they starkly hint at should serve caution to those seeking to do business in the international arena. June 28th of this year marked the […]

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Juncker TTIP EU

Juncker, seen as pro-free trade, could revive TTIP

Jean-Claude Juncker has said he intends to support a free trade agreement with the U.S. and maybe renegotiate UK membership in the European Union. But will contradictory positions on EU governance, reflected in the lack of consensus over Juncker’s nomination, determine the prospects for the Transatlantic Trade and Investment Partnership (TTIP)? As the debate over the […]

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Ukraine crisis forces US to keep military in Europe

The United States must work with a politically divided Europe to face down Russia. The Ukrainian crisis will force the US to keep a strong presence despite the wish to scale down and focus on its shift towards Asia. The US Army’s current presence in Europe is approximately 30,000 troops, mainly the 2nd Cavalry in […]

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European Banking Union comes with fiscal discipline

By end 2014, the European Banking Union will be a reality. Aside from being aimed at restoring banking sector stability, there are far-reaching implications for fiscal discipline. The long-awaited European Banking Union is set to be operational by the end of 2014. The Eurozone’s 128 biggest banks will have to undergo comprehensive asset quality reviews […]

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Aleksandar_Vucic_in_Pentagon; Source: Leon E. Panetta via Wikipedia

Despite setbacks, Serbia sees increased entrepreneurship

As Serbia recovers from devastating floods in May, Belgrade has a flourishing network of young entrepreneurs taking hold. This could provide many lucrative opportunities as the country prepares to join the EU. The images of devastation in the northwest town of Obrenovac show the scale of Serbia’s historic natural disaster.  The new government of Prime Minister Aleksandar […]

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Petro Poroshenko Ukraine

Presidential elections bring Ukraine closer to the West

The success of the presidential elections and the clean victory of the pro-European candidate Petro Poroshenko will bring Ukraine closer to the West, but the conflict with Russia is likely to continue. The Ukrainian presidential elections took place on 25 May amid the most difficult political situation since the country gained independence from the Soviet […]

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London housing

London housing bubble continues to grow

London, generally viewed as an investment haven, has developed a housing bubble fueled by foreign investors and urban migration. The government’s Lend to Buy program has not helped in the way intended, but merely encouraged risk-taking in London’s mortgage market. The notoriously volatile London housing market has again prompted the dreaded ‘B’ word. The Office of […]

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Vladimir Putin

Putin wins with Eurasian Economic Union

Russia, Kazakhstan and Belarus recently agreed to establish the Eurasian Economic Union. Like the Custom Union before it, Russia looks to benefit the most. On May 29, Russian President Vladimir Putin, Kazakh President Nursultan Nazarbayev and Belarusian President Alexander Lukashenka met in the Kazakh capital of Astana to sign a treaty authorizing the establishment of the […]

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Greek EU presidency presents window for Albania’s membership bid

In December 2013, the European Council rejected the Commission’s recommendation to grant Albania candidate country status. But on May 12 this year, the sixth meeting of the Stabilization and Association Council between Albania and the EU gave a boost to Albania’s EU membership aspirations. Albania’s relations with the European Union are stagnant, as internal political infighting prevents […]

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