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Indonesia, the world’s largest exporter of palm
oil, has been clearing significant areas of its tropical forests to make room
for palm plantations. The EU is alarmed and wants to discourage the policy by
reducing palm oil imports. This counterproductive
approach to preventing tropical deforestation already has backfired.
Prince Michael of Liechtenstein
Macron came to office promising to liberalize the French economy and reduce the
role of the state. But his government is already turning protectionist,
threatening to “temporarily nationalize” a shipyard. The move undermines
European and liberal principles.
The Baltic Sea is an unlikely place to find Chinese warships. Their presence at joint naval exercises with the Russian navy went well beyond showing the flag.
China & Northeast Asia
French President Emmanuel Macron played his cards shrewdly in inviting his U.S counterpart, Donald Trump, to Paris for this year's Bastille Day celebrations. Beneath their obvious differences, the two men share some unlikely affinities.
China’s Belt Road Initiative (BRI) is at once a trading and a political strategy. By securing trade routes and enlisting allies, the Chinese are laying the groundwork for their long-term resurgence as Eurasia’s leading economic and political power. If it continues to stand aside from this process, Europe would be making a historic mistake.
in many countries against cryptocurrencies such as bitcoin is part of a larger
government quest for citizen control. Oversized transaction
and compliance systems, ostensibly imposed on financial institutions to help
fight the gray economy and terrorism, are in fact control tools, used both by
democratic and authoritarian governments. At the end of this road is
socialization of all property.
Turkey-bashing remains a favorite sport in the European Union, as shown by the two latest resolutions approved by the European Parliament on July 6. For short-term gain, politicians are needlessly alienating the EU's most important strategic partner to the south and east.
Yellen is not worried about another global financial crisis. Mario Draghi and
even Warren Buffet bemoan “inequality.” But no one seems to be taking seriously
the problems artificially cheap money is causing to the global economy. With
such a fragile global financial situation, free trade could be a big help – but
protectionism is on the rise. Could the upcoming G20 meeting bring substantive
progress on that count?
President Donald Trump and Indian Prime Minister Narendra Modi have plenty in
common – the most important of which is a desire to counter Beijing’s rising
influence. With that in mind, Washington could support Indian policy in
Southeast Asia and help New Delhi build its role as a maritime power.
South & Southeast Asia
If the European Union wants to survive and thrive, it should pay attention to the legacy of Dr. Helmut Kohl. The former German Chancellor, who died last week, belongs to a line of giants including Charles de Gaulle and Konrad Adenauer. What they understood is what today's European leaders are getting wrong.