Europe/Middle East

  • London 2012: Has Money Killed The Olympic Spirit?

    London 2012: Has Money Killed The Olympic Spirit?

    The Olympics is no longer all about sport, but rather a corporate jamboree for the elite super-rich. The same pattern repeats itself every time as host nations are forced to follow the International Olympic Committee’s rulebook.

    Ever since French baron Pierre de Coubertin began the modern Olympics in the late 19th century, the International Olympic Committee (IOC) has been run by the world’s economic and social elite.

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  • The Euro’s Silver Lining – Why The Doomsayers Are Wrong: Norbert Walter

    The Euro’s Silver Lining – Why The Doomsayers Are Wrong: Norbert Walter

    Crises are usually defined by sustained economic decline, high and long-term unemployment, poverty, rampant inflation, a precipitous fall in the exchange rate, fiscal deficits, high borrowing costs, and political dysfunction. But only a handful of "misery indices" are present in Europe today, and the region’s strengths should be able to overcome them.

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  • Can Europe Learn From Their Own Past Crises?: Harold James

    Can Europe Learn From Their Own Past Crises?: Harold James

    Summer crises are a familiar feature of European history – and of financial history. Often, addressing some technical issue was not enough to resolve a major political problem, which is true today as well, with Europe’s current crisis reflecting exactly the same mixture of elements, each requiring a very different type of solution.

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  • Can The Eurozone Be Rescued In Time? : Mohamed El Erian

    Can The Eurozone Be Rescued In Time? : Mohamed El Erian

    The eurozone crisis might break European leaders’ inherent resistance to compromise, collaboration, and common action. But the longer they bicker and dither, the greater the risk that what they gain in willingness will be lost to incapacity.

    NEWPORT BEACH – When it comes to describing Europe’s ever-worsening crisis, metaphors abound. For some, it is five minutes to midnight; for others, Europe is a car accelerating towards the edge of a cliff. For all, a perilous existential moment is increasingly close at hand.

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  • Turkey’s Gamble On An Independent Kurdistan: A Play For Iraq's Oil?

    Turkey’s Gamble On An Independent Kurdistan: A Play For Iraq's Oil?

    Since 2003, Turkey has long fretted whether a sovereign Kurdistan could lead to social unrest within its own borders – especially given Turkey’s native Kurd population. Yet with Ankara’s recent announcement of a series of bilateral deals with the Kurdistan Regional Government in Iraq, everyone's first question now is why would Turkey want to align itself with an Iraqi Kurdish leadership that is clearly making a play to create a sovereign Kurdish state?

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  • Who Watches The Financial Watchdogs In The UK?

    Who Watches The Financial Watchdogs In The UK?

    The recent appointment of John Griffith-Jones, the senior partner of KPMG, as chairman-designate of the Financial Conduct Authority in the U.K. is troubling. Rather than properly investigating the causes of the banking and financial crisis, dealing with the culprits, and instituting fundamental reforms, the U.K. government’s appears set to just bury the truth and paper over the cracks in the hope of a recovery.

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