EU

Late on Friday, Canada’s trade minister – the former FT journalist Chrystia Freeland – declared that the trade agreement with the EU (the so-called Ceta) had failed. She’d been commuting between Brussels and Namur, the seat of Wallonia’s regional parliament, for a few days, trying to get the region’s left-wing government to support the trade deal. But her efforts, and those by others, were in vain. Wallonia didn’t budge. All the EU leaders that were in Brussels to seal the deal ahead of Justin Trudeau’s visit on Thursday, had to return back home empty-handed.

C’était le seul prix Nobel d’économie français. Né le 31 mai 1911, il part aux États-Unis dès sa sortie (major X31) de Polytechnique en 1933 pour étudier in situ la Grande Dépression qui a suivi la Crise de 1929. Ironie de l’histoire, il a ainsi pu réaliser une sorte de “jonction” entre les deux Crises majeures du siècle. Son analyse, percutante et dérangeante, n’a malheureusement pas été entendue faute de relais.

The opposition to CETA and TTIP has been unprecedented in the history of the EU. Concerns have been expressed by millions of people across the continent, including lawyers, academics, political parties, local authorities and virtually all sectors of civil society. Many governments have also expressed reservations on CETA. Only the Walloons, however, had the guts to show it the red card.

Investment protection and investor-state dispute settlement (ISDS) mechanisms are perhaps the most contentious aspects of TTIP and CETA. These mechanisms provide foreign investors with the right to sue the EU or its Member States in private tribunals over potential losses in profit due to current or new public welfare regulations.

European governments today failed to sign off the EU-Canada trade deal known as CETA. Campaign group Global Justice Now welcomed the defeat of CETA deal, which they claim will lead to an increase in the power of big business over our food standards, public services and decision-making. They called on the EU to stop the negotiations of CETA.

By essentially denying the principle of popular sovereignty, it is also denying the principle of national sovereignty, the (relatively) independent character of the Greek state. Greece occupies a strategic place in the Eastern Mediterranean, on the route connecting Russia with the Mediterranean and Western Europe with the Middle East. Its independence was never completely tolerated by the British and then the American empires. Greeks were also suspected of leaning towards Russians, or at least this was the argument justifying the innumerable Western interventions in this country.

The Brexit has put the question of the final goal of integration on the agenda. The debate is characterised by a binary logic: either ever more deepening of integration or total disintegration with falling back into a system of nation states. While further integration is stopped by the heterogeneity of member states returning to the nation state is unrealistic,

A Conversation With Matteo Renzi. Matteo Renzi discusses the political and economic issues facing Italy and the European Union

The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory.

Recent developments in Europe show that the global financial crisis and its consequences are far from being resolved. On the contrary, we are witnessing deepening signs of a meta-crisis which goes beyond the economic sphere. This paper will try to shed some light on the key systemic problems and political implications of post-communist transformation in Central