The Great Debate

from Hugo Dixon:

EU needs more non-bank finance

By Hugo Dixon
June 2, 2014

The European Union needs more non-bank finance. Banks are on the back foot. On their own, they won’t be able to fund the jobs and growth the EU is desperate for. Non-bank finance needs to take up the slack.

Meet the Tea Party — European edition

By Bill Schneider
May 27, 2014

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Europe finally has its own Tea Party. Or something like it.

Last weekend, citizens of 21 nations elected members of a new European parliament. The result? An outpouring of rage.

Europe is under siege from both the left and right

By Matt Browne
May 22, 2014

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Elections will begin on Thursday across the 28 European Union member states to elect national representatives to the European Parliament, which regulates trade, borders and some elements of foreign policy. Though this is a continent-wide election, voters historically use it to send a message to their own nation’s governing party. With the meteoric rise of anti-European populism on the political left and right, however, things promise to buck that trend this time.

from Anatole Kaletsky:

Why the Russian sanctions don’t work

By Anatole Kaletsky
May 1, 2014

putin!!

Why did the U.S. and European sanctions against Russia earlier this week trigger a rebound in the ruble and the Moscow stock market?

Don’t cry for the Nabucco pipeline

By Leslie Palti-Guzman
May 1, 2014

The site of a newly opened distribution hub of the gas pipeline Gazelle is pictured in Primda

It is too late for regrets. With Europe worried that Moscow could cut off gas deliveries to Ukraine, which would trigger price volatility and supply risks throughout the continent, the failure of the Nabucco pipeline project stands out.

U.S. v Russia: Searching for Kennan

By Nina Khrushcheva
April 28, 2014

No matter how counterintuitive it may seem, Washington needs to stop lecturing Russian President Vladimir Putin if it wants to resolve problems with him.

from Nicholas Wapshott:

The EU-U.S. love-hate relationship

By Nicholas Wapshott
April 11, 2014

The elaborate gavotte between the American and European economies continues.

While the Federal Reserve has begun to wind down its controversial quantitative easing (QE) program, the European Central Bank (ECB) the federal reserve of the eurozone, has announced it is considering a QE program of its own.

from Compass:

Putin’s action is no surprise

By Nader Mousavizadeh
March 28, 2014

Surprise is the least forgivable sin of statecraft. Yet nothing has so characterized the Ukraine crisis as the West's continuing surprise at Russia's behavior.

Reaching for a deal on Crimea

By Samuel Charap and Keith Darden
March 19, 2014

There is a disturbing air of inevitability in Western capitals surrounding Russia’s annexation of Crimea. A growing consensus views this scenario as a rough analogy to  Moscow’s recognition of Georgia’s breakaway regions of Abkhazia and South Ossetia after the 2008 war — perhaps more severe, but still manageable.

from Lawrence Summers:

Ukraine: Don’t repeat past mistakes

By Lawrence Summers
March 10, 2014

The events in Ukraine have now made effective external support for successful economic and political reform there even more crucial. The world community is rising to the occasion, with concrete indications of aid coming not just from the International Monetary Fund and other international financial institutions but also the United States, the European Union and the G20.