Monthly Archives

September 2022

Economic and Financial, European

The incomplete structure of the € is the EU’s Achilles heel and a danger for the world order

In the midst of geopolitical, climate, energy, £, etc. crises, the fragility of the € compromises the cohesion of the European Union. This could cause a major financial crisis leading to the disintegration of the world order established after WWII. This period has presided over an era of unprecedented demographic and economic growth, scientific development, innovation and wealth accumulation that is testing the very survival of humanity. Political debate and media attention are focused on events that are evolving so rapidly that it has become difficult to step back to analyze and understand the interplay between the events that momentarily take center stage. Thus, in the weeks since the death of Queen Elizabeth II, the Ukrainian army’s counter-offensive, the emergence…

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European, Politics

The World on the brink of the abyss?

The war in Ukraine is only the emerged tip of an iceberg obfuscating a conflict with global implications. While public opinion is inflamed by debates over the use of nuclear weapons (expanded to include civil nuclear power), energy shortages, climate change, a global financial system burdened by excessive debt, unreliable supply chains or unbridled inflation, politicians appear unable to devise a coherent hierarchy among these problems whose causes and therefore solutions are intimately intertwined. This list, however incomplete, shows that there is not a single inhabitant of our planet who will not be affected by the choices made to resolve these challenges. The unfolding of the war in Ukraine has created a situation where the use of nuclear weapons –…

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European, Politics

Rallying around Ukraine!

Only a shared objective will be capable of ensuring the cohesion of democracies and of arousing a constructive and mobilizing spirit. The recent political, military, economic or environmental events are likely to exacerbate the existing high level of anxiety pervading the population; people feel intuitively that the declaration of President Macron, announcing “the end of the period of plenty“, marks a decisive turning point in the apprehension of our common future. The greatest risk would be to allow fear and withdrawal to dominate our attitude to the challenges ahead because, far from providing an answer, such postures would only aggravate and accelerate the self-fulfilling nature of these anticipations. The only force capable of facing up to these difficulties is unity,…

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