Monthly Archive: July 2016

Italy’s best solution: private interest with a side of public bailout

If the United Kingdom’s vote to leave the European Union was the entree, let Italy’s spoiled banking system be the bitter dessert. Shares of Italian banks plummeted after the June 23 Brexit vote and have fallen 57% since this time last year. At the center of Italy’s bank problem [...]

Global Spectator, by Andrés Ortega What leads from a rocky outcrop to an island: geopolitics

The Permanent Court of Arbitration (PCA), an obscure but important body with headquarters in The Hague, did not enter into questions of sovereignty, but in the complaint lodged by the Philippines against China in 2013 it ruled in 501 densely-worded pages last week that Beijing’s claims to certain rocky outcrops [...]

The discreet (and declining) charm of Venezuelan oil diplomacy

Venezuela has been severely hit by the collapse in oil prices since mid-2014. However, its oil output started to plummet well before. The country’s oil production peaked in 2008 at 3.24 million barrels per day (bpd). The latest OPEC data for May 2016 report a production of 2.37 million [...]

NATO and the EU: finally, in a common-law marriage

They have been living together in Brussels since 1966, but with their backs to each other, as though ‘on different planets’, as the President of the European Council Donald Tusk put it. The recent crises and threats, their complementary nature in a world in which nothing is entirely resolved [...]

Global Spectator, by Andrés Ortega Regrexit, or indefinite postponement?

The vote in favour of Brexit in the British referendum of 23 June has wrought devastation on the British political stage. So much so that it is not inconceivable that the UK’s departure from the EU will never actually happen. Much will depend on what transpires in British politics; [...]
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