Global Matters
The 20th century’s international order, which installed the United States, Europe and Japan in dominant positions, is ending. New powers are emerging to challenge a system arranged within the framework of U.S. and European multilateralism. Transitional processes necessarily breed chaos and uncertainty. This is the global situation to which our economies and political systems must adapt.
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The Balkans’ long wait for EU integration drags on
More politics got in the way of Western Balkans countries progressing toward EU integration at the end of last year, and this year membership talks seem out of reach as well. Some voices say remapping the region could make it easier, while others suggest an economic association like what Norway and Switzerland have. The longer the delay, the greater the opportunity Russia and China will have to make further inroads in the region.
The worrisome mechanics of fiscal Illusion
A new bipolar world
The demise of liberal democracy
The ECB’s new rush toward the digital euro
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