from John Lloyd:

The inconvenient voters of Europe

By John Lloyd
November 19, 2013

Sixty years ago, pondering the question of an unruly populace, the German playwright Bertolt Brecht mused, “Would it not be easier / In that case, for the government / To dissolve the people / And elect another?”

from John Lloyd:

Maybe don’t give me your poor, your tired, your huddled masses

By John Lloyd
October 8, 2013

As we saw last week, Africans are desperately risking, and losing, their lives in the struggle to get into Europe. They come above all from the war-afflicted states of Eritrea, Somalia and Syria. They trek to Libya (itself now increasingly in bloody turmoil, a Spring long gone) or Tunisia, and from there seek a boat to the island of Lampedusa, the southernmost piece of Italian soil, nearer to the north African coast than it is to Sicily.

from John Lloyd:

Goodbye to all that centrism

By John Lloyd
September 30, 2013

How much longer will the political center hold in Europe? Its erosion, years in the making, is only picking up speed. In Italy, the latest political crisis presages the collapse of the centrist left-right coalition. In Austria, a recent election barely gave a similar coalition enough votes to continue governing. The European Union nations are hurtling toward elections next spring for the European parliament, which will bring real debate and divide to what has been a largely consensual assembly. Not far separated from the yolk of the financial crisis, nationalism is the politics of the times.

from John Lloyd:

For Germany, mum’s the word

By John Lloyd
September 23, 2013

If every nation gets the leader it deserves, what would Angela Merkel’s smashing victory on Sunday say about Germany?

from Anatole Kaletsky:

Let the great economy spin

By Anatole Kaletsky
August 22, 2013

On the way to my holiday in Italy this year, I had an epiphany about the state of the world economy. I stopped for lunch in the truly miraculous Piazza dei Miracoli in Pisa, where Galileo Galilei is said to have dropped cannon-balls from the Leaning Tower to test his theories of motion. A few years later, Galileo invented the telescope to amass the detailed astronomical observations that were needed to prove beyond reasonable doubt the heliocentric theory of the universe -- the idea that the earth revolves around the sun and not the other way round, as the Bible implied. Galileo was famously tried by the Inquisition for this heresy and decided to recant, presumably inspired by what happened to his fellow-mathematician Giordano Bruno, who was burnt at the stake for similar ideas. But after mechanically recanting, Galileo muttered under his breath the rebellious phrase for which he is still renowned: eppur si muove -- “and yet it moves."

from John Lloyd:

The European Union’s unending quandary

By John Lloyd
May 21, 2013

The pace of European disintegration continues to quicken. Recession deepens in the 17-member euro zone; it is now the longest downturn since the currency was launched in 2000. In Italy, a new left-right government, launched on an anti-austerity program, finds the neighborhood more austere than it had hoped. In France, Maurice Levy, boss of the advertising giant Publicis, did a survey showing that northern Europeans – Poles, Germans, Brits – were moderately optimistic while southerners – Spaniards, Italians, Greeks and the French – were deeply pessimistic. France dipped into recession earlier this month, for the third time in four years. The union is pulling apart.

from John Lloyd:

The Italians have caste their lot

By John Lloyd
April 30, 2013

Let’s begin with two glimpses of the workings of the Italian state.

First, it was announced last week that passengers would be required to mount a bus only at the door in the front, and pay the driver on entry. The present system, in which tickets are bought in cafes and other shops and stamped at machines on the bus after entry from any one of several doors, has resulted in such widespread evasion that it's calculated that only a minority of riders buy tickets on publicly owned buses. In Naples, three out of 10 play by the rules. The wonder is that three bother to pay.

from John Lloyd:

Beppe Grillo’s anti-disappointment party

By John Lloyd
April 3, 2013

Jim O’Neill, head of Goldman Sachs Asset Management, thinks Beppe Grillo and his Five Star Movement is a greater threat to Europe and the euro than the trials of little Cyprus. That’s because Grillo received more than a quarter of the votes in February’s election in Italy and has since gridlocked the political system by refusing any dealings with the established parties. A government can’t be formed.

from Ian Bremmer:

The Cyprus takeaway: More phony crises to come

By Ian Bremmer
March 27, 2013

Now that the crisis in Cyprus has passed, we can finally admit the obvious: The “crisis” it provoked did not deserve the attention it received. Cyprus makes up a fraction of one percent of the European Union’s GDP and it’s a backwater for sketchy Russian dealings. If Cyprus had drowned in a sea of Mediterranean debt, the Eurozone would not have gone under with it.

from The Edgy Optimist:

The black swan sequester

By Zachary Karabell
March 1, 2013

Everyday, we are treated to a new peril: Today we have sequestration, a word not much in anyone’s lexicon until recently. The mandated cuts to the federal budget, $85 billion by last count, will further stunt anemic economic growth, or so economists and the Congressional Budget Office guesstimate. The prognostications surrounding the sequester have been grim, with White House Chief of Staff Denis McDonough warning of a “devastating list of horribles,” ranging from severe travel snafus to the end of vital education programs.