Reports

The UK Parliament’s moves to block Brexit from occurring without a deal on October 31, 2019, has prompted some to say that Europe has reached “peak populism.” As the British case shows, though, societies remain polarized and democratic rules continue to be bent. What happens next in the UK may ...

Under the guise of Europe’s General Data Protection Regulation, which was implemented in 2018, EU governments are collecting and sharing citizens’ financial data in ways that violate democratic privacy rules and go well beyond the legitimate needs of combatting tax evasion and money laundering or terrorism. This overreach is part ...

An unexpected alliance between Russia, the United States and the European Union helped broker a political breakthrough in Moldova – sending corrupt local oligarchs packing. There is no reason to discount the latest developments in Chisinau, which could prove a new dawn for Europe’s poorest country. Yet the West has ...

Election results in Saxony and Brandenburg show the Christian Democrats and the Social Democratic Party are losing ground. Unless voter concerns like migration, safety and a credible approach against pollution are addressed, both parties will fare poorly in the federal elections.

Two legal challenges to the EU central bank’s most controversial policies have been working their way through Germany’s Federal Court of Justice, the country’s supreme court equivalent. In one of the cases, the justices in Karlsruhe already ruled that the authority of the EU Banking Union ought to be limited. ...

Six years after President Mikheil Saakashvili lost power to his archrival, billionaire Bidzina Ivanishvili, Georgia has kept its pro-Western course in foreign and economic policy. Yet Russia continues to block the South Caucasus nation’s EU and NATO aspirations, and Georgian voters are growing frustrated. Now, a millennials-based protest movement could ...

The opposition victory in Istanbul’s mayoral election was seen widely as a defeat for Turkish President Recep Tayyip Erdogan, whose illiberal, centralized system is much criticized in the West. Yet Mr. Erdogan’s detractors underestimate the challenge of adapting to Turkey’s changing geopolitical circumstances, where the Kemalist principles of secularism and ...

The European Parliament elections in May upended the balance of support for the parties in Italy's coalition government, with Lega far outpacing the Five Star Movement. Moreover, the country's budget imbalances increasingly require solutions that will be politically unpopular. Rank-and-file members of both parties could benefit from new elections, but ...

Ukrainian President Volodymyr Zelenskiy’s party took the largest share of votes in the country’s parliamentary elections, paving the way for him to initiate a new dialogue with Russia. For the West, it presents an opportunity to ratchet down tensions with Moscow and even normalize relations. The alternative – battered economies, ...

Any sensible person can see that status quo in Crimea is unacceptable, while restoration of the status quo ante is impossible. That means the scope of possibilities is very narrow. When looking for the least bad solution for the conflict between Russia, Ukraine and the West, perhaps two wrongs can ...

EU leaders heaved a sigh of relief after May’s European Parliament elections when the much-feared populist wave failed to rock the boat. Yet at most, they have gained a little time. Judging by the tone of the informal summit held in Sibiu, Romania, the EU’s new leadership will favor old ...

History contains many examples of what happens when politicians gain control over the currency. Few of them end well.

Corruption can be a catalyst for political change, as in Latin America, or the basis of a rent-seeking regime, as in Russia. But in rare instances, it can also affect the ebb and flow of global geopolitics. This is clearly evident on the rim of the former Soviet Union, where ...

Though most parties in Germany’s parliament support the Nord Stream 2 project, there is far from a consensus within the country: even the government doesn’t have a consistent policy. Still, Berlin sees benefits in having access to more gas supply than it needs, and the project wins votes in regions ...

British Conservatives must pick a new prime minister from two candidates: Boris Johnson and Jeremy Hunt. With the United Kingdom’s political leadership paralyzed and relations with the EU at an impasse, an enfant terrible might be the better choice.

The European Union’s ambiguity-ridden system is increasingly hard to sell to populations. Stranded in a no-man’s-land between a federal state and a confederation, today’s EU features neither sound democracy, nor prudent governance, nor a vibrant economy. A true federalist system could go a long way toward addressing these weaknesses, but it ...

Portuguese Prime Minister Antonio Costa has helped keep populism in check by “taming” radical leftist parties and including them in his governing “contraption” coalition. He has avoided austerity, making him popular and likely to win October’s elections. After that, he will need to solidify Portugal’s recovery with deeper economic reforms. ...

The European Union has decided to prolong its ineffective sanctions on Russia. That’s hardly surprising, since no one has come up with any new solutions. Moreover, some countries, like Germany, make a strong stand for sanctions while at the same time supporting other initiatives – like Nord Stream 2 – ...

Under current rules, eurozone countries’ bonds are classified as “zero-risk,” meaning banks are not required to hold any capital against such assets. The system creates a perverse incentive for banks to stock up on sovereign debt, creating a toxic mix – but what can be done? Putting risk assessments on ...

For decades, relations between the EU and China have been based on growing economic cooperation and trade. But this interdependence has become asymmetric, which China exploits to maximize its own benefits and weaken European unity. While Beijing moves toward a knowledge-based economy, it also sees the future in nationalist, “back-to-the-future” ...

France used to be one of the European Union’s “twin engines” along with Germany. These days, this once-proud civilization is considered more of a problem than a solution for the European project. Its economy is ailing under excessive government spending and overregulation, its enterprises are stifled by a rigid system ...

Normalizing relations between Serbia and Kosovo has proved surprisingly difficult. After the European Union’s protracted Brussels Dialogue (2012-2019) stalled last year, German Chancellor Angela Merkel and French President Emmanuel Macron have stepped in with a new effort at mediation. If it fails, the Western Balkans could end up waiting another ...

The world has grown addicted to ceaseless injections of new money, which can only be generated by incurring debt. As relentless fiscal expansion continues on both sides of the Atlantic, politicians have no long-term plan for dealing with the crushing liabilities it generates. A financial meltdown can be delayed for ...

Since its creation in 1998, the European Central Bank has earned a reputation as one of the world’s most independent monetary policy authorities. Unlike its peers, the ECB has no fiscal counterpart pressuring it to manipulate interest rates. Yet as the scope of its activities and global influence have expanded, ...