Italian gold and populist publicity
Italy’s Deputy Prime Minister Matteo Salvini has revived a five-year-old proposal to use his country’s gold reserves to bring down the budget deficit. The idea is problematic for several reasons – but that is not the point. Mr. Salvini is likely using this controversial plan to make headlines and burnish his populist credentials ahead of the European Parliament elections. While he may take the gold idea further, his real goal is to enlarge and lead a pan-European alliance of euroskeptics.
GIS Dossier: The Italian case
Politically and financially, Italy has come to be regarded as a weak link in the European Union. Its shaky banks and enormous public debt almost blew apart the euro area during the debt crisis of 2010-2012, and could still do so. Its government, a marriage of populists on the left and right, claims to be the precursor of a protest wave that will sweep this year’s European Parliament elections. But as usual, it is hard to tell whether Italy is headed for disaster or more of the same.
African migration: From polarization to win-win
With this year’s European Parliament elections, the EU may be approaching a watershed moment on migration. Voters and politicians are questioning the fundamental assumptions of globalized approaches like the UN Compact on Migration and the EU Trust Fund for Africa, which may do more to encourage than curb the migrant influx. But “outsourcing” management of migration flows to transit countries may only increase Europe’s vulnerability to political shocks in buffer states like Sudan, Libya or Algeria.
A year of change for the European Union?
The European Union, which still lacks a post-Brexit vision of itself, will be changing the leadership of almost all its leading institutions over the next few months. Candidates are already jostling for position to take over at the European Commission and the European Central Bank, and surprises could be in store. With non-mainstream parties likely to gain seats in the May European Parliament elections, the EU-27 seems headed for even less harmony and more dissension.
2019 Global Outlook: Europe’s year of living dangerously
There are plenty of signs of trouble ahead for the European Union in 2019. Unstable leadership, rampant populism, strikes and demonstrations, migration disputes, security challenges, Brexit, an economic slowdown and the makings of another financial crisis are just a few of the challenges that await. For EU institutions, perhaps the biggest test will come with the European Parliament elections in May, which could overturn the grand coalition that has governed the bloc since the 1980s.
The next EU elections: Justified concerns, but for the wrong reasons
Europe’s dysfunctional political system has created a deep rift between centralized governments and their citizens. Trying to marginalize new parties that express this discontent will only make the problem worse.
EU waiting game may work with Catalan separatists
The success of separatist parties in September’s regional elections in Catalonia sent jitters throughout Europe, as many wondered whether other independent-minded regions around the continent would follow its lead. However, Brussels’ response – essentially remaining silent – deprived the separatist movement of a casus belli, allowing it to degenerate into infightin...