World & Politics
What will happen to Angela Merkel’s career as Federal Chancellor? - 12/06/2018
Bloomberg tried to forecast what will happen after Angela Merkel leaves big politics. Analysts have compiled four possible scenarios. Without exaggeration, Angela Merkel shook the whole of Germany, announcing in October that she was leaving the post of leader of the Christian Democratic Union (CDU). Nevertheless, Mrs. Merkel intends to finalize her fourth term as Federal Chancellor, which expires...
Eurogroup agrees to strengthen the monetary union - 12/05/2018
Following long negotiations, the Eurogroup agreed to partially strengthen the monetary union within the euro area. In particular, it is proposed to expand the financial stability mechanism and introduce new requirements for the placement of country debt. More significant changes, including the emergence of a general monetary union budget within the framework of the EU financial plan, have not yet...
Far-right movement is gaining power in Spain - 12/04/2018
For the first time in nearly half a century, the ultra-right Spanish party won seats in the regional parliament. The ultra-right wave seems to have reached the extreme south-west of Europe. The ultra-right party Vox, which opposes illegal migrants, abortions and independence of Catalonia, won seats in the regional legislature in the Andalusian regional elections last weekend/ It happened for the...
UN once again discusses the Paris Agreement - 12/03/2018
On Sunday, the regular UN Climate Conference officially opened in the Polish city of Katowice. For the next two weeks, its main task will be to approve rules of the Paris Climate Agreement. The meeting will take place against the background of a rather complicated situation in international green policy: countries are not ready to increase their climate commitments or even intend to abandon them,...
The UN migration pact and global disagreement - 11/30/2018
In July, the UN almost unanimously adopted the international migration pact and called it an historic event. However, many are disappointed now. The project is designed exclusively for migrants, and the rights of residents of host countries are completely ignored. Western democracies have long been debating on this topic, and many countries have rejected UN proposals. The pact has already caused...
Europe is not afraid of Brexit but Italy - 11/29/2018
Negotiations on the UK exit from the European Union have reached the final lap, but the minds of European officials are now occupied not by Brexit, but by Italy. The aggravation of relations between the European Commission and the Italian government after populists came to power is the main concern of the European Union. Now, according to most experts, the main concern of Brussels is not the...
Macron delivers speech to yellow vests - 11/28/2018
On November 27, French President Emmanuel Macron spoke to the so-called yellow vests, participants in spontaneous mass protests, which resulted from increased taxes on gasoline and other unpopular government measures. However, President’s speech was rather aimed at prospects for the energy policy of France than to specific concerns of the French. The more than one-hour speech of President Macron,...
EU, China to reform WTO regardless of the US - 11/27/2018
The European Union, as well as China, along with a dozen other countries, decided not to wait for the forced shutdown of the WTO Appellate Body. Yesterday, they published their proposals for reforming this institution. In particular, it is proposed to increase the number of judges and free them from the need to interpret meaning of the norms of internal regulation of members of an organization....
In 10 years, US will have to pay $1 trln for servicing national debt - 11/26/2018
Over the past decade, the size of US debt in circulation has increased from $ 5.1 trillion to $ 15.9 trillion, but there were no problems with its financing. Debt servicing costs were low due to low interest rates and inflation, as well as high demand from investors around the world. But now the situation is changing. In 2017, interest expenses on servicing the federal debt amounted to $ 263...
Trump lashes out at WTO - 11/23/2018
The World Trade Organization dared run counter to Washington. Retaliation, for sure, will not keep it waiting. For almost two years of Donald Trump’s stay at the White House, everyone has become accustomed to the style of his leadership - if America doesn’t like something in the work of an international organization, then it just leaves it. The next candidate is now the WTO. Washington has not...
