Monthly Archives

April 2021

European, Politics

Currencies and Finance are major weapons in the geopolitical game.

The post Covid “Recovery Plan” is a major card in the EU’s hand. The use of monetary and financial weapons in political gamesmanship is not new; it has taken various forms over time: from the flows of gold and silver travelling over the Silk Road, to cargos of precious metals filling the Spanish and Portuguese galleons returning from South America or more elaborate measures including blockades, embargoes, exchange controls, currency depreciation, financial manipulations or outright frauds, the acceleration of globalization and the growing interdependence of its actors have made access to financial markets a matter of survival. After a period of unquestioned domination of Sterling, relying on the vastness of the British Empire, it relinquished its leadership to the $…

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European, Politics

Is the European Union losing its way?

Barring a major effort, the EU is on track to being marginalized! The events unfolding under are eyes and whose roots reach back over the last several decades, are questioning the foundations of the EU which have been the focal point around which European society has coalesced since WWII. Firmly scotched to the USA during the reconstruction period and benefitting from its benign protection against the spread of communism, European nations favored building regimes emphasizing a welfare State and to a greater or lesser extent wealth redistribution, at the expense of their economic, monetary, defense and finally political autonomy, these aspects being clearly closely interconnected. Up until the introduction of the Single Currency, the EU created the illusion of being…

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