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Media headlines seem to have given much larger attention to the bailout programme in Greece than to those of most other countries. But Greece’s experience with economic adjustment is in many ways an outlier, complicated by the election of the radical-left government of Tsipras. Cyprus offers the interesting example of an economy saved with the help of economic adjustment and responsible reforms. Cyprus under centre-right...
Populism is haunting liberal democracies. Not poverty, unemployment, stagnant productivity, climate change, migration, Russia, China, but populism seems to be the what the mainstream political parties are mobilizing against. Fighting what we can’t even define is a mistake. However, the mainstream parties (MSP) are losing ground to new competitors. We should dismiss the shallow reasons like the economy and migration and...
What a difference a year makes! Early in 2017, President Xi Jin Ping’s Davos speech about openness and sustainability seemed to herald a new China, globally responsible and therefore in many ways a potential strategic partner for Europe – especially when compared to Trump’s America which just seemed to have said goodbye to the West. But come 2018, global media’s biggest China stories are about Australian...

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