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Comments written by Prince Michael of Liechtenstein himself provide an informed viewpoint on crucial geopolitical issues. Sometimes challenging and always thought-provoking, these brief commentaries take a stance that stimulate debate.

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Shifting alliances in South Asia

American and Indian defense and foreign ministers wave to photographers at a press event in September 2018

For decades, tensions have run high in South Asia, where the interests of China, India and Pakistan clash. Lately, Beijing and Islamabad have stepped up cooperation, while India and the United States have grown closer. The many unsettled conflicts in the region make the situation extremely volatile. For now, nuclear deterrence is stabilizing the situation – but as pressure builds, its efficacy could weaken.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

Redressing the European position

Picture of Emmanuel Macron and Olaf Scholz

In urging Europe to become stronger, politicians like French President Emmanuel Macron and German Foreign Minister Heiko Maas are right. But their statements sound more like expressions of defiance toward Washington than serious declarations of intent.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

Shortsightedness and stubbornness are holding Europe back

European leaders are busy infighting and kowtowing to populist impulses instead of taking a pragmatic approach to piloting the EU project

As European leaders rail against “populism,” many of them are taking on populist positions themselves: they are taking a hard line on Brexit, refuse to implement commonsense solutions on public debt, and are bowing to pressure against GMOs. All this will hurt Europe in the long term and diminish its global position. It desperately needs leaders who are willing to follow a more pragmatic strategy.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

The sense and nonsense of economic sanctions

The leaders of Germany and Russia in an informal setting

Economic sanctions are occasionally useful in trade conflicts, but they work poorly when employed as a political tool. The United States and the EU would have accomplished more had they responded to Russia’s 2014 aggression against Ukraine with immediate increases in defense spending and kept their military options open.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

Making sense of the lira plunge

Graph of plunging Turkish lira

If Europe and the United States try to exploit Turkey's current financial difficulties to apply political pressure, they will be making a serious mistake.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

Elections in Zimbabwe: An African tragedy

Picture of the leading opposition candidate in Zimbabwe’s general election

A richly endowed country, Africa’s former breadbasket Zimbabwe, has become a basket case of a state due to idiosyncratic policies, systemic plundering and violence after 1980, when alleged “liberation” forces, in fact terror groups, took power. The nonagenarian dictator Robert Mugabe was finally removed in a palace coup, but the problematic election on July 30, 2018 shows that Zimbabwe’s plight is far from over.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

Thank you, Mr. Trump

U.S. President Donald Trump (R) and European Commission President Jean-Claude Juncker at the White House

U.S. President Donald Trump is right that both the EU and China use unfair trade practices. Now, his threats to impose tariffs on European goods – hypocritically branded “protectionist” by many countries with higher trade barriers – have brought EU officials to the negotiating table. Perhaps the EU will finally engage in freer trade, to the benefit of Europe and the world.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

An ideological exercise in Spain

Spanish Prime Minister Pedro Sanchez at a briefing in Brussels

From his first moves, Spain's new Prime Minister Pedro Sanchez looks less like a self-confident democrat and more like an old-line state interventionist intent on consolidating power.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

Think of the unthinkable

Picture of four of the eurozone’s finance chiefs

For nearly two decades, the EU’s common currency system has worked wonders for internal trade. The euro has strengthened Europe’s financial position in the world. However, many government and EU leaders, and the European Central Bank have colluded in circumventing the system’s key safeguards. Today, the unmanageable levels of sovereign debt threaten to tear up the eurozone and trigger state bankruptcies.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

Dark clouds gathering over the global economy

Cheap money and low interest rates have fed consumption, but those policies may end up helping to sink the global economy

We are probably coming to the end of a global economic recovery. But with interest rates still hovering around zero, central banks will have no ammunition to fight a recession. Meanwhile, debt is high and more trade barriers are going up. The underlying causes of global economic imbalances, and not just the symptoms, must be addressed.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

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