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Well into the fourth year after Russia’s annexation of Crimea and the outbreak of
hostilities in Donbas, Ukraine finds itself in a curious state of limbo. There
is good news – the economy has bottomed out, the war in the east has frozen at
low intensity, and the danger of yet another revolt in Kiev has receded. There
is also bad news – rampant corruption is still strangling business, the Minsk
peace process is going nowhere, and hopes for reintegrating the separatist-held
areas have vanished into thin air.
Professor Stefan Hedlund
After Greece obtained its third bailout last summer, Europe turned its attention to other crises. But it would be naive to conclude that the sovereign debt crisis is over. The Greek drama is still far from a happy ending; in Portugal and Spain, fragile left-wing governments may want to abandon austerity and roll back reforms; France has declared a state of economic...
Dr. Michael Wohlgemuth
In recent years, rich Western countries and international financial institutions have adopted policies to restrict the construction of new coal power plants overseas. However, China has now risen to become the largest global provider of public financing for such projects – and is powering full steam ahead. Though they contradict Beijing’s global climate obligations...
Dr. Frank Umbach
European banks are in bad shape, and shareholders and bondholders are feeling the heat. With governments and regulators still groping for a solution, various options have bubbled to the surface. Summary <i>Three main responses have been proposed to Europe’s banking crisis: 1) more stringent regulation and ...
Professor Enrico Colombatto
Europe’s leaders have failed to solve the structural problems revealed by the crisis of 2008. Nor have they grappled with issues that have emerged in recent years. Examples include high public debt, the stock market bubble and distorted risk perceptions caused by the eurozone’s artificially low interest rates. For now, the situation has stabilized. Financial market...