Reuters blog archive
from John Lloyd:
The collapse of empires has been regarded as a good thing for at least a century, much strengthened by U.S. president Woodrow Wilson’s efforts at the Versailles Peace Conference after World War One, where he sought to inscribe into international practice and law the right of all peoples to achieve a national state.
The lifting of the incubus of Soviet Communism in 1991 from the states of Central and Eastern Europe was opposed only by a few worried political leaders and rather more dispossessed Communists, but even they either put on a smile or kept their heads down. George H.W. Bush, in the White House when the Soviet center would no longer hold, tried to stem the communist tide by embracing his new friend, Soviet President Mikhail Gorbachev, to avoid chaos in the east -- in vain. Nationalism, which the Soviet Union’s ideologists had regarded as one of the cardinal sins and had filled the gulags for decades with those suspected of harbouring its sentiments, triumphed.
Now comes Scotland’s turn. The residents of Scotland, on Sept. 18, will vote on the simple question: “Should Scotland be an independent country?”
Scotland? What’s the problem?
Though Scotland has been and remains a great creator of myths about itself, it has strained to make a strong case that it has suffered much under the domination of the English. For a few years in the late 1990s, it hooked itself to the Braveheart phenomenon – the surge of anti-English nationalism unleashed by Mel Gibson’s gory piece of adolescent fantasy – but even Scottish nationalists are now embarrassed by that. The nation (no one doubts it is that) is the third-richest region in the United Kingdom, with a booming oil business and a financial sector that is still – even after the financial crash that almost finished the overextended Royal Bank of Scotland -- the major such center after London.
A day before the European Central Bank’s monthly policy meeting, ECB President Mario Draghi will travel to Luxembourg for talks with incoming European Commission president Jean-Claude Juncker. Oh to be a fly on the wall.
Some in the ECB are concerned that ultra-low sovereign borrowing costs and Draghi’s “whatever it takes” promise has relieved pressure on euro zone governments to carry on with structural economic reforms.
Juncker has signalled he is comfortable with a Franco-Italian drive to focus on growth and job creation rather than cutting debt.
Scottish nationalist leader Alex Salmond and former British finance minister Alistair Darling, who is fronting the campaign to remain part of the United Kingdom, go head-to-head in the first and possibly only live television debate of the campaign. It is a bigger moment for Salmond, Scotland’s First Minister, who must garner a shift in the polls which consistently put his “Yes” campaign significantly behind with the referendum only six weeks away.
At the last British general election, Liberal Democrat leader Nick Clegg was widely perceived to have won the leaders’ debates yet it didn’t translate into votes. There are, however, a large number of “don’t knows” to play for in Scotland and Salmond is by common consent the more charismatic figure and slick orator.
During the two-hour debate, Darling is likely to highlight the uncertainty over whether an independent Scotland could retain the pound and automatically be part of the EU and how the nationalists would fund their public spending pledges.
Manufacturing PMI surveys across the euro zone and for Britain are due. The emerging pattern is of an improving third quarter after a generally poor second three months of the year.
The UK economy continues to romp ahead – growing by 0.8 percent in the second quarter – but on the continent there are signs of a new slowdown. The Bundesbank now forecasts no Q2 growth at all in Germany and though the euro zone flash PMI, released a week ago, showed the currency area rebounding in July, that largely came at the cost of companies cutting prices further, thereby pushing inflation lower still.
Interesting intervention from former Russian finance minister Alexei Kudrin late yesterday who warned that Russia risked isolation and having its efforts to modernize derailed.
That sort of internal criticism is rare but Kudrin has done so before without censure which suggests Vladimir Putin is – or has been - willing to hear it. Kudrin added that Moscow should not intervene militarily in eastern Ukraine.
EU leaders didn’t get far last night in addressing the voter backlash dealt to them in European elections but it seems less likely that Luxembourg’s Jean-Claude Juncker will end up with Brussels’ top job, a first indication that things are on the move.
Britain’s David Cameron has been determined to block the arch federalist from becoming European Commission president and, after the strong showing by far-right and far-left parties, others also seem to see the need for a newer broom, possibly even Angela Merkel.
from Photographers' Blog:
By Suzanne Plunkett
I find myself waiting in a featureless hotel conference room in the Scottish town of Kilmarnock. I’m here to photograph an informal meeting about the benefits of voting for independence in the upcoming referendum on whether Scotland should break its union with the rest of the United Kingdom.
But if attendance at this gathering is anything to go by, the vote in favour of secession may be in serious trouble.
An international agreement to avert wider conflict in Ukraine, brokered only five days ago, is teetering with pro-Moscow separatist gunmen showing no sign of surrendering government buildings and Kiev and Moscow trading accusations over who was responsible for killings over the weekend.
Washington, which signed last week's accord in Geneva along with Moscow, Kiev and the European Union, said it would decide "in days" on additional sanctions if Russia does not take steps to implement the agreement. U.S. Vice President Joe Biden is in Kiev where he is expected to announce a package of technical assistance.
Pro-Moscow protesters in eastern Ukraine took up arms in one city and declared a separatist republic in another yesterday and the new build-up of tensions continues this morning.
The Kiev government has launched what it calls “anti-terrorist” operations in the eastern city of Kharkiv and arrested about 70 separatists. Moscow has responded by demanding Kiev stop massing military forces in the south-east of the country.
Dramatic twist in the Ukraine saga last night with a conversation between a State Department official and the U.S. ambassador to Ukraine posted on YouTube which appeared to show the official, Assistant Secretary of State Victoria Nuland, deliberating on the make-up of the next government in Kiev.
That led to a furious tit-for-tat with Moscow accusing Washington of planning a coup and the United States in turn saying Russia had leaked the video, which carried subtitles in Russian. A Kremlin aide said Moscow might block U.S. "interference" in Kiev.