Monthly Archives

August 2018

European, Politics

Brexit: The End Game.

The odds to reach an agreement are far better than 50/50! As the deadline to conclude the “exit agreement” – which includes an outline of the future relationship between the EU and the UK – is fast approaching, the rhetoric and posturing by all involved seems to reach new heights with every passing day. Nevertheless, reaching a compromise is clearly in the overwhelming interest of the parties, the risks of a failure being unacceptable. It is high time to dispense with grandstanding, proffering insults and ad hominem arguments as well as spreading unsubstantiated “fake news” regarding respectively the advantages and pitfalls of a “no deal” scenario. Indeed, from the point of view of the UK, failure to reach an agreement…

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European, Politics

Multilateralism or Unilateralism?

The EU must undertake with the BRICS with Japan an initiative to limit the exorbitant power of the Unites States derived from “Weaponizing” the Dollar! The unilateral exercise of power is a temptation for any public or private entity who can get away with it! For the United States, the possibility goes back to the end of WWII, though it has been utilized with more or less restraint by successive Presidents corresponding to their assessment of the country’s best interests. After having been sole power to master the use of nuclear power at the end of the conflict, its progressive proliferation led the United States to enter into a series of international treaties aimed at forbidding its military use and…

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European, Politics

The Sorcerer’s Apprentice

Donald Trump’s ego could trigger a worldwide financial crisis of record proportions whose geopolitical fallout is wholly unpredictable! Since his accession to the presidency of the United States, the behavior of the tenant of the White House has been subject to endless deciphering. Some contend that he is rude, uncouth and totally unfit to hold the office of President; others recognize his business acumen, his capacity to implement his campaign promises and his ability to cater to the disenchantment of public opinion with the “Washington swamp”. But as far as he is concerned, he hasn’t the slightest doubt regarding his own “exceptional abilities” and never misses an opportunity to attribute to himself alone the success (?) of reestablishing America’s primacy,…

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European, Politics

The Euro and the Dollar – The European Union and “Brexit”:

Recognizing the close relationship between these matters should put an end to posturing and give realism a chance! In my attempt to demonstrate the close connexion between these two matters and the dead end to which one is led by separating them, I will first refer to the last sentence of the excellent article by Pierre Defraigne in the Libre Belgique of July 25th: “But the EU can only fulfil its historic role of a budding global power by endowing itself with a truly international reserve currency, a condition for its internal solidarity and coherence, and with a common defence, condition of its strategic autonomy.” I wish also to draw attention to the negotiating paper adopted recently at Chequers by…

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