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Nothing seems to stop the prosperity of the Swiss
economy. Its steady growth is seemingly impervious to the political turmoil in
the EU, superpower tensions, the vagaries of world trade and even the overly
muscular Swiss franc. Switzerland’s highly diverse economy and its unique
political system together form an ecosystem that is amazingly productive and
resilient. The question, however, is how long the Swiss can manage to shield
their order from the globalized world’s homogenizing pressure.
At this historic juncture, leaders of the European
Union should awaken to the fact that Europe’s strength has always been its
common cultural heritage and its diversity. The way out of the EU’s current bind
is through expanding regional cooperation and replacing centralistic,
market-strangling regulations with robust, friendly competition.
Prince Michael of Liechtenstein
In December 2015, the European Union and Kazakhstan signed a new “enhanced partnership and cooperation agreement,” which, among other things, calls for greater collaboration on energy issues. Closer ties – whether in the form of natural gas supplies or green technologies – could benefit both sides. However, the success of the initiative depends on how they approach...
Dr. Frank Umbach
The crisis in Ukraine is wreaking havoc on Russia’s ambitious plans to modernise its armed forces. The most obvious cause is the combined impact of cheap oil and Western sanctions on state finances. Thus far, the Kremlin has insisted that military procurement be exempt from otherwise drastic budget cuts. But unless the price of oil starts climbing again very soon, ...
Professor Stefan Hedlund
As Vladimir Putin sweeps back to the Kremlin to reclaim Russia’s presidential seat, he has set, high on his agenda, his plans for a Eurasian Union. His vision is a Moscow-led powerhouse making Russia a major world player alongside the United States, the European Union and Asia. But is this simply political posturing to keep Russia’s neighbours in check, or can Mosc...