Hugo Dixon is Editor-at-Large, Reuters News. The opinions expressed are his own.
The West has been unable to develop a coherent strategic policy toward Russia. There is little agreement on what Russia is and how to deal with it, too much speculation about what President Vladimir Putin will or will not do.
For the past five years, Britain has been a haven of political and economic stability amid the turbulence in Europe. No longer.
Get ready for a “melt-up.”
Back in mid-October, as stock markets around the world plunged faster than at any time since 2011, many investors and economists feared a meltdown. But with the U.S. economy steadily expanding, monetary and fiscal policies becoming more stimulative in other parts of the world and the autumn season for financial crises now over, a melt-up seems far more likely.
Is gridlocked government a betrayal of democracy? Or does it allow citizens to get on with their lives and businesses, unencumbered by meddlesome politicians?