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Contributor PerspectivesJan 27, 2016 | 08:00 GMT
European flags fly at half-mast as a tribute to late South African anti-apartheid icon Nelson Mandela at the Berlaymont European Union Commission buiding in Brussels on December 6, 2013. Former South-African President Mandela, a global colossus and Nobel peace laureate died on December 5 aged 95.
Why Europe's Great Experiment Is Failing
The slow-motion crisis of the European Union finally seems to be coming to a head. For more than 60 years after its beginnings in the late 1940s, the bloc's revolutionary path of forming a state without the use of centralized coercive power enabled it to gradually master its members' tribalism and local strategic interests. But by denying itself the very possibility of enforcing its rules with violence, Europe has brought itself to the brink of failure.
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AssessmentsOct 9, 2015 | 09:15 GMT
European Central Bank President Mario Draghi pictured during his first press conference following the monthly ECB board meeting in Frankfurt, Germany.
The Victims of Eurozone Quantitative Easing
Denmark, Sweden and Switzerland are all struggling with economic difficulties. The causes are various: deflation, asset bubbles and bond market problems. But the root of the problem is singular. All three of these countries are adjacent to the eurozone but do not actually share its currency. In today's globalized world, capital moves like storm surges from market to market and smaller countries must decide how to survive. This means choosing whether to risk the volatility of freely floating their currency or to peg its value to that of a larger player, which many countries choose to do with the U.S. dollar.
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AssessmentsJan 12, 2010 | 16:58 GMT
Iran: The Beginning of Sanctions?
The possible halt of gasoline shipments to Iran by a commodities trading firm could be a sign that the U.S.-backed sanctions plan is working, but Iran has options to maintain its supply.
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