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Argos Media

'World leaders must drop their slogans' | Israel | Jerusalem Post - 0 views

  • JPost.com » Israel » Article Apr 24, 2009 0:14&nbsp;|&nbsp;Updated Apr 24, 2009 13:54 'World leaders must drop their slogans' By DAVID HOROVITZ AND AMIR MIZROCH PrintSubscribe articleTitle = ' \'World leaders must drop their slogans\' '; showOdiogoReadNowButton ('1002,1003,1005,1004,1006,1484,1560,1561,1562,1563,1564,1565,1566',articleTitle,'0', 290, 55); E-mailToolbar + Recommend: What's this? showInitialOdiogoReadNowFrame ('1002,1003,1005,1004,1006,1484,1560,1561,1562,1563,1564,1565,1566', '0', 290, 0); Talkbacks for this article: 117 &nbsp; | &nbsp;Avg. rating 4.61 out of 5</s
  • The international community has to "stop speaking in slogans" if it really wants to help the new Israeli government work toward a solution to the Palestinian conflict and help bring stability to the Middle East, Foreign Minister Avigdor Lieberman told The Jerusalem Post on Thursday, in his first interview with an Israeli newspaper since taking the job.
  • "Over the last two weeks I've had many conversations with my colleagues around the world," he said. "Just today, I saw the political adviser to German Chancellor Angela Merkel, the Chinese foreign minister and the Czech prime minister. And everybody, you know, speaks with you like you're in a campaign: Occupation, settlements, settlers..." Slogans like these, and others Lieberman cited, such as "land for peace" and "two-state solution," were both overly simplistic and ignored the root causes of the ongoing conflict, he said.
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  • Lieberman insistently refused to rule in, or rule out, Palestinian statehood alongside Israel as the essence of a permanent accord, but emphatically endorsed Netanyahu's declared desire not to rule over a single Palestinian.
  • The foreign minister spoke as US Secretary of State Hillary Clinton warned Israel on Thursday that it risks losing Arab support for combating threats from Iran if it rejects peace negotiations with the Palestinians. Clinton said Arab nations had conditioned helping Israel counter Iran on Jerusalem's commitment to the peace process.
  • The fact was, said the Israel Beiteinu leader, that the Palestinian issue was "deadlocked" despite the best efforts of a series of dovish Israeli governments. "Israel has proved its good intentions, our desire for peace," he said. The path forward, he said, lay in ensuring security for Israel, an improved economy for the Palestinians, and stability for both. "Economy, security, stability," he repeated. "It's impossible to artificially impose any political solution. It will fail, for sure. You cannot start any peace process from nothing. You must create the right situation, the right focus, the right conditions."
  • Equally emphatically, he said no peace proposal that so much as entertained the notion of a "right of return" to Israel for Palestinian refugees could serve as a basis for negotiation. "It cannot be on the table. I'm not ready to even discuss the 'right of return' of even one refugee," he said. But he also made clear that Palestinian recognition of Israel as a Jewish state was not a precondition for progress. "You know, we don't want to torpedo the process," he said. "But somebody who really wants a solution, somebody who really desires a real peace and a real agreement, must realize that this would be impossible to achieve without recognizing Israel as a Jewish state."
  • Lieberman said the new government would have no dealings with Hamas, which needed to be "suffocated," and that the international community also had to maintain the long-standing Quartet preconditions for dealing with the Islamist group.
  • The real reason for the deadlock with the Palestinians, said Lieberman, "is not occupation, not settlements and not settlers. This conflict is really a very deep conflict. It started like other national conflicts. [But] today it's a more religious conflict. Today you have the influence of some nonrational players, like al-Qaida."
  • And the biggest obstacle to any comprehensive solution, he said, "is not Israel. It is not the Palestinians. It's the Iranians."
  • Lieberman said the prime responsibility for thwarting Iran's march to a nuclear capability lay with the international community, not Israel, and especially the five permanent members of the Security Council. He was confident that stringent economic sanctions could yet achieve the desired result, and said he did not even "want to think about the consequences of a crazy nuclear arms race in the region."
  • He said it would be "impossible to resolve any problem in our region without resolving the Iranian problem." This, he said, related to Lebanon, Syria and problems with Islamic extremist terror in Egypt, the Gaza Strip and Iraq.
  • Nonetheless, Lieberman stressed that Israel did not regard stopping Iran as a precondition for Israeli efforts to make progress with the Palestinians. Quite the reverse, he said. "No, we must start with the Palestinian issues because it's our interest to resolve this problem. But there should be no illusions. To achieve an agreement, to achieve an end of conflict, with no more bloodshed, no more terror, no more claims - that's impossible until Iran [is addressed]."
  • Noting what he called Syria's deepening ties with Iran, Lieberman said he saw no point whatsoever in resuming the indirect talks with Damascus conducted by the last government. "We don't see any good will from the Syrian side," he said. "Only the threats, like 'If you're not ready to talk, we'll retake the Golan by military action...'"
Argos Media

BBC NEWS | Europe | Protests as Hungary PM sworn in - 0 views

  • Several thousand people have been protesting in the Hungarian capital Budapest, over the appointment of a new prime minister, Gordon Bajnai.
  • Mr Bajnai replaces Ferenc Gyurcsany, who announced his decision to resign in March, saying he considered himself a hindrance to further reforms. Mr Bajnai, a non-aligned figure who had been serving as the economy minister, was sworn in by parliament late on Tuesday.
  • the anti-government demonstrators in Budapest are demanding that parliament be dissolved and an early election called.
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  • Hungary has been badly hit by the global economic crisis, and needed a $25.1bn (£16.9bn) IMF-led rescue package last November to avoid collapse. Analysts say Hungary is heavily dependent on the loan to finance its massive state debt.
Argos Media

Foreign Policy: Ending North Korea's Endless Nuclear Drama - 0 views

  • the United States and its allies have had serious disagreements over North Korea. Japan is prepared to obstruct negotiations until Pyongyang comes clean on the handful of Japanese kidnapped by the North some 30 years ago. The Chinese have wanted to moderate and ultimately change North Korea through reform and sizable economic support, but have little to show for it. Many of the cognoscenti see China as the ultimate arbiter compelling North Korean cooperation. That, of course, has not happened. China has its own interest -- keeping North Korea afloat -- and that's not likely to change. The U.S. and Chinese economies are now so enmeshed that U.S. leverage on China is very limited. South Korea's "sunshine policy," which provided large-scale aid in hopes of ultimately seducing North Korea, was despised by the Bush administration. (Ironically, a new South Korean government abandoned the policy just as the United States was softening its approach to the North.)
  • The U.S. administration seems content to resume six-party talks where they left off: completing the "phase two" agreement, exchanging fuel oil for disablement of the North's plutonium facilities, and an agreement on verification, the sticking point precipitating the breakdown of negotiations. Preventing North Korea from producing more fissile material makes sense. From there, the going gets increasingly tough.
  • The weight of evidence suggests that North Korea will be unwilling to give up its nuclear weapons for a long time, if ever. The apparent North Korean interest in trading the dismantling of its plutonium facilities for light water reactors will not likely go down well in Washington. It is not much of a deal.
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  • Nuclear weapons are Kim Jong Il's trump card. They get international attention. If U.S. President Barack Obama wants to make real progress on denuclearization, he must take a more comprehensive approach with North Korea under the umbrella of the six-party talks. In addition to pursuing denuclearization, he should opt for a radical change in relations: a peace treaty for the peninsula, the normalization of all political and economic relations, and a big economic package for the North, including increasing integration into the global economy. Only a major improvement in its overall situation might lead North Korea to consider some change in course and give up its nuclear weapons.
  • There are, of course, difficulties and downsides. Heavy opposition in Washington might not be worth the cost of a highly uncertain, radically different approach. It could also be unacceptable to both South Korea and Japan, which are not eager to offer goodies to Pyongyang that might not be reciprocated. North Korea's opaqueness raises verification problems, which may be impossible to work out. And Kim Jong Il might simply not be interested in such a big-bang deal.
  • But without an approach like this, you can bank on endless, fruitless negotiations. Going down today's six-party route will also require the United States to shore up its deterrence in the area, particularly for Japan, and strengthen the antiproliferation initiative to guard against North Korean nuclear and missile exports. Enlarging the framework of negotiations looks like the only serious way of achieving a negotiated end to North Korea's nuclear weapons programs. Doing so will require lots of patience, intensive alliance management, and internal political risk with no certain result. But it's worth a shot. At a minimum, having such a package out there may be of some help should the Dear Leader depart the scene.
Argos Media

Foreign Policy: Medvedev Makes His Move - 0 views

  • So long as Russia's oil-fueled prosperity soared, people accepted Putin's implicit bargain: government corruption and constricted civil rights in exchange for rising living standards. But today, with Russia's economy in shambles, this social contract is fraying. Ordinary Russians are already taking to the streets demanding the type of change Putin is unlikely to deliver. He epitomizes the KGB old guard who got Russia into this mess. Sooner or later, he will become the Russian financial crash's most prominent victim.
  • Medvedev, a lawyer by training and instinct, offers perhaps the only realistic hope of turning Russia around, but he can't operate freely while Putin is still effectively in charge. Seemingly aware of this, Medvedev has, in recent weeks, taken steps to distance himself from his mentor and might be setting the stage to force him out of government.
  • When Medvedev became president in May 2008, the world economic situation seemed stable. Oil was more than $140 a barrel and Russian political leaders were riding high. With living standards rising for most Russians, political elites enjoyed the luxury of not having to make hard choices.
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  • By late 2008, though, the global financial crisis was in full swing. The Russian leadership was slow to grasp it, blaming the West for its profligacy and suggesting that Russia would be immune. Soon, however, the country experienced a triple shock: oil dipped below $40 a barrel, demand for Russian exports sank precipitously, and Western financial institutions began calling in their loans.
  • Medvedev has always styled himself as something of a reformer. As the crisis has worsened, the president has been especially careful to distance himself from Putin. Policy differences between the two men -- on the response to the financial crisis, the locus of prosecutorial power, the use of force against protesters, the tenure of judges in the courts, and the definition of treason, among others -- are serious and growing.
  • By February 2009, the ruble had depreciated to 36 rubles to the dollar, illustrating the ongoing loss of faith in the Russian economy. As a result, the cost of dollar-denominated imports increased substantially. The official unemployment rate hit 8.1 percent, and most observers project further increases in the near term. Not surprisingly, public approval of the country's political leadership fell. Although public opinion polls do not yet show massive discontent or unrest, they do show a pronounced downward shift.
  • Meanwhile, Medvedev's popularity is growing. According to a February 2009 national survey, 73 percent of those polled said they trust him, compared with 56 percent in 2006. Although it is impossible to predict what will happen, one thing is certain: The current power dynamic is shifting, and shifting fast. If the trend continues, Medvedev will undoubtedly begin asking himself why he is still playing second fiddle.
  • The prime minister is undoubtedly a cunning adversary, but he does have vulnerabilities. For instance, Medvedev could be laying the groundwork for a move against Putin by making his war on "legal nihilism" and corruption the centerpiece of his domestic policy.
Argos Media

The Pain in Spain: Recession Hits Hard - SPIEGEL ONLINE - News - International - 0 views

  • Now the downturn has wiped billions off property prices, thrown thousands of workers out of jobs, and left banks reeling with bad debt.
  • Equally important, the recession has exposed costly inefficiencies in the Spanish economy such as low worker productivity and high administrative costs that were papered over during boom times. All of a sudden, Spain has turned from a highflier to the sick man of Europe.
  • Domenech believes more coordination between the Spanish regions is needed to reduce companies' administrative costs. Yet while such reforms would certainly boost efficiency, skeptics question whether provinces such as the Basque Country and Catalonia, which jealously guard their independence, would be willing to give up certain powers to boost the nation's overall competitiveness.
Argos Media

Analysis: Crisis may lead to new world order - CNN.com - 0 views

  • U.S. President Barack Obama and Brown both favor driving on fiscal stimulus, even if the governor of the Bank of England is cautioning his prime minister he can't afford to throw any more money at the problem
  • Brown and Obama have limited room for maneuver since both their countries have such hefty current account and budget deficits. They just don't have the money to do it themselves, and they may have trouble persuading those who do have the cash to use it.
  • In an uncomfortable reminder of serious divisions over the Iraq war, Germany's Chancellor Angela Merkel and France's President Nicolas Sarkozy, each with more national traditions than Obama and Brown, and with their welfare states already pumping money into their economies as unemployment increases, are pursuing a different agenda. Blaming "Anglo-Saxon economics" and dodgy banking practices for the mess, they don't want more funds injected.
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  • They want to focus on tougher regulation of the financial community. They want the summit to start re-writing the global rulebook on capitalism.
  • The intriguing thing is that the economic crisis and Brown's lining up with Obama, who has proclaimed his belief in the enduring "special relationship" with Britain, has revived the Franco-German alliance which used to dominate EU affairs and which had seemed to wither under Merkel and Sarkozy. She doesn't like his touchy-feely ways, he finds her incremental style of politics frustrating. They had drifted apart, but they are back sharing a political tent.
  • The big question on the fiscal stimulus front is: What will China do?
  • Brown's hope is that China, worried about the safety of its money invested in the U.S., will be ready to commit extra funds to fighting the world recession. But if he agrees to do so, President Hu Jintao will surely exact a price.
  • If China comes up with the money to help, it will need assurances that it will in the future enjoy greater power within such multilateral institutions as the IMF and the World Bank. The U.S. and Europe, who have dominated the G-8, now have little option too but to accept a new world order.
  • Whatever the outcome in London it is unlikely now that the G-8 alone will ever carry the same sway. And not surprisingly, Italian Prime Minister Silvio Berlusconi, who hosts this summer's G-8 in Sardinia, has proposed that its gathering should be immediately followed by one of the G-20.
Argos Media

Tough Talk: EU President Says America is on 'Road to Hell' - SPIEGEL ONLINE - News - In... - 0 views

  • Speaking before the European Parliament on Wednesday, Mirek Topolanek described the stimulus measures and financial bailouts passed by US President Barack Obama as the "way to hell." He warned that the massive costs of the stimulus plans and financial bailouts would "undermine the stability of the global financial market" and that Obama was merely repeating the errors of the Great Depression of the 1930s.
  • The comments also threatened to unravel the tenuous unity reached by EU member states for a joint response to the economic crisis. Last week, EU leaders reached a carefully constructed political truce designed to bury their differences and agree on a common policy ahead of the London meeting. At last Friday's summit, they pledged an additional €75 billion to finance loans by the International Monetary Fund and to double a credit line for struggling economies of Eastern European member states.
  • Topolanek may have felt unburdened by diplomatic niceties after his government lost a no-confidence vote in the Czech parliament on Tuesday. The Czech prime minister submitted his resignation the same day, but will continue on as a caretaker of the EU's rotating presidency through June.
Pedro Gonçalves

David Cameron warned off 'opportunism' over Europe | Politics | The Guardian - 0 views

  • David Cameron risks making "premature" and "opportunistic" demands in Europe and weakening Britain's power in Washington and other major capitals, the most senior diplomat to leave government in recent years has warned.Sir Nigel Sheinwald, Britain's ambassador to Washington until last year and before that the senior British diplomat in Brussels, said in a Guardian interview that recent warnings by the US administration urging Britain against staging a distracting referendum was "a conscious decision by the Obama administration to intervene in the UK debate", reflecting a long-standing view that it wanted its closest political ally closely involved in Europe.
  • Sheinwald said: "If Britain is active and influential in Washington that makes us more influential in Brussels, Delhi and elsewhere. Equally if we are influential in Europe, then we have a bigger impact in Washington and the other power capitals of the world. These things are mutually reinforcing.
  • "I just cannot see any logical basis for thinking a move to the sidelines, or particularly a move out of Europe, would be anything other than diminishing to UK's capacity, standing, influence, ability to get things done and capacity to build coalitions internationally."
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  • Sheinwald, who was ambassador to Washington between 2007 and 2012, is the most senior diplomatic figure to urge caution on Cameron. He was also the UK diplomatic lead in Brussels between 2000 and 2003, as well as chief foreign policy adviser to Tony Blair between 2003 and 2007. He is now a member of the thinktank and advocacy group Business for New Europe.
  • "We have sold investment in the UK on the basis that the UK is the best gateway into the single market. That is the way we have presented ourselves. American firms and firms from the far east have based themselves in London for that reason. That has been such a success over the past decade or 15 years."
  • "Investors are worried by the thought that we are going to end up outside the EU by mistake, or without thinking through the economic consequences or end up with an inferior model like Norway or Switzerland."
  • Such a move would exclude many foreign owned financial services from Britain, he said.
  • Philip Gordon, the US under-secretary for European affairs, last week used a briefing in the UK to urged Cameron not to hold a referendum.Sheinwald said the White House regard "another dose of uncertainty on top of the euro crisis as deeply unwelcome".
  • "They know it affects the pace of the recovery of the European economy. But they also know it will affect the ability of Europe to focus on other things so it will contribute to a weakening of European resolve for example in the middle east and whether Europe has a capacity in the area of security and defence. It will affect our ability to project our power and work with America on world problems."He added: "The idea, if there were an idea, of going it alone being somehow appealing to our traditional partners or to our future partners in Asia or elsewhere in the world has been undermined very significantly by the comments made by the Obama administration."
Pedro Gonçalves

David Cameron faces EU cabinet crisis as ministers break ranks | Politics | The Guardian - 0 views

  • David Cameron is struggling to maintain Tory discipline over Europe after cabinet loyalists Michael Gove and Philip Hammond said on Sunday they would vote to leave the European Union if a referendum were to be held now.
  • Gove, the education minister, confirmed for the first time that he believes that leaving the EU would have "certain advantages", while Hammond, the defence secretary, later said he too would vote to leave if he was asked to endorse the EU "exactly as it is today".
  • The remarks, which follow similar calls by Lord Lawson and Michael Portillo last week for Britain to leave Europe, are particularly significant because they are the first cabinet ministers to say they would vote to quit if an immediate referendum were held.
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  • The prime minister says that, if elected with a majority in 2015, he would hold a referendum by 2017. This would take place after a renegotiation of Britain's membership terms.
  • Hammond, interviewed for Pienaar's Politics on BBC radio, later said: "If the choice is between a European Union written exactly as it is today and not being a part of that then I have to say that I'm on the side of the argument that Michael Gove has put forward."
  • Theresa May, the home secretary, said she too would abstain. But she declined to say whether she would vote to leave the EU if a referendum were held now. The prime minister will be in the US when the Commons vote is held.
  • Boris Johnson backed Tory backbench demands for an EU referendum bill and warned Cameron he must make it clear Britain is "ready to walk away" unless its relationship is fundamentally reformed,
  • But the mayor of London also suggested that leaving the EU would expose the idea that most of Britain's problems are self-inflicted. "If we left the EU, we would end this sterile debate, and we would have to recognise that most of our problems are not caused by 'Bwussels', but by chronic British short-termism, inadequate management, sloth, low skills, a culture of easy gratification and underinvestment in both human and physical capital and infrastructure," Johnson wrote in his Daily Telegraph column."Why are we still, person for person, so much less productive than the Germans? That is now a question more than a century old, and the answer is nothing to do with the EU. In or out of the EU, we must have a clear vision of how we are going to be competitive in a global economy."
  • The prime minister's decision to highlight the benefits of EU membership is likely to be welcomed by Obama, whose advisers expressed concern in the runup to Cameron's EU speech in January, when he outlined his referendum plan.
Pedro Gonçalves

Swedish riots: if instability can happen here, what might unfold elsewhere? | Aditya Ch... - 0 views

  • We all know the cliches, but the reality is they no longer fit the country so well. Whether it's on the wealth gap, or welfare, or public services, Sweden is less "Swedish" than it has ever been. As in other continental capitals, the Stockholm version of the "European social model" is an increasingly tattered thing, albeit still appealed to by the political elites and still resonant in the popular culture.
  • parties of all persuasions have drifted rightwards over the past few years. It was the left that, in 2005, abolished inheritance tax, so that a Swede will now pay no duty on being left a million kronor, but will face a tax of 67% for starting their own business. And when it comes to privatising public services, Stockholm is way out in front of Westminster.
  • while much of the initial rise in inequality was about rich Swedes getting richer, increasingly poor Swedes are getting pushed backwards, either by unemployment and incapacity benefits getting relatively meaner, or by the rise in joblessness. On some measures, one in four young Swedes are out of work. In some towns, they are handed money to emigrate to richer Norway. Von Sydow lives in Oslo and observes: "In any local cafe, the barista will be a Swede."
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  • The first thing to observe about Sweden is how rapidly a gulf is opening up between rich and poor. Between 1985 and the late 2000s, according to the OECD thinktank, Sweden saw the biggest growth in inequality of all the 31 most industrialised countries. It's important not to overstate this: the country remains one of the most egalitarian in the world – but it is taking big steps in the wrong direction.
  • The Economist, that inflight magazine for the autodidactic plutocrat, recently wrote: "The streets of Stockholm are awash with the blood of sacred cows." It then went on to praise its school system as in the image of Milton Friedman. Except that as social-policy academic Joakim Palme observes, the school system has got worse on the Pisa international rankings.
  • Sweden's economy is still growing
Pedro Gonçalves

The European dream is in dire need of a reality check | Simon Jenkins | Comment is free... - 0 views

  • In every one of the big European states, trust has gone into "a vertiginous decline". Five years ago, no country, not even Britain, showed more than half its voters hostile to Europe, and most were strongly supportive. Now, according to the EU's own Eurobarometer, distrust runs at 53% in Italy, 56% in France, 59% in Germany, 69% in the UK and 72% in Spain. The EU has lost the support of two thirds of its citizens. Does it matter?
  • "Anti-Europeanism" was growing across Europe even before the credit crunch – witness the Lisbon treaty referendums. It is reflected in the rise of nationalist parties and is rampant even among such one-time EU loyalists as Spain, Italy, Greece and Germany. As the head of the European Council on Foreign Relations, José Ignacio Torreblanca, said of yesterday's poll, "The damage is so deep that it does not matter whether you come from a creditor or debtor country … citizens now think their national democracy is being subverted."
  • Dreams make dangerous politics, and when they require the imposition of "yet more Europe" against the run of public opinion, they are badly in need of a reality check. The new requirement that the EU (in this case Germany) imposes budgets on indebted states goes far beyond anything domestic voters seem likely to tolerate.Barroso's dream is becoming the vision espoused by the Columbia professor of European history István Deák, who demanded last year in the New York Times "a new imperial construct" as the only alternative to save the continent from a "revival of tribalism". To Deák this new empire was "a sacred task … an almost religious goal: a new European faith that belongs&nbsp;to no church".
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  • Even a majority of Germans are now anti-EU, and a third want the deutschmark back.
  • Cameron and the sceptics therefore need to be constructive to be plausible. They need to argue for a European Bretton Woods, to write off bad debts and recalibrate regional economies by returning to revalued regional currencies. They need to propose European institutions that respect national politics and character, not just grab more power to the centre. There needs to be a sceptics' vision of Europe.Closer European union was an answer to war. After that it offered an answer to communist dictatorship. In both it could claim success. Finally, at Maastricht in 1992, it flew too near the sun. It pretended that one currency traded within a single politico-economic space could overcome economic diversity and yield a common wealth. It overreached itself. In refusing to recognise this failure, Barroso and his colleagues now risk jeopardising even Europe's earlier successes.
Pedro Gonçalves

Latvia to apply for eurozone membership within weeks | Business | The Guardian - 0 views

  • Poland is the only EU country not to have fallen into recession since the Lehman Brothers crash. Increasingly it sees its future in being as closely integrated in the EU as possible, playing the regional leader and usurping Britain's position in policy-making influence.
  • For that to succeed, euro membership is essential as the zone binds itself into closer political and economic regimes and becomes the key decision-taking forum. The Polish president recently established a high-powered committee to examine and foster eurozone membership. Warsaw is now talking of a 2017 deadline.
  • whatever happens to the euro happens to us anyway. Our economy is completely euro-ised: 80% of borrowing, households and businesses, is in euros. This will help financial and economic stability."Similar arguments are made in Lithuania, while in Poland the impetus is less economic than political and geo-political. Warsaw appears resolved to hitch itself to Germany, and deems it a national security imperative, worried about Vladimir Putin's Russia, to embed itself utterly in the EU. It increasingly sees the eurozone as the safest of havens, despite the volatility.
Pedro Gonçalves

China's Wen - ready to boost eastern Europe trade | Reuters - 0 views

  • China will set a $10 billion credit line and a $500 million investment fund dedicated to eastern and southern European states as it aims to increase trade with the region to $100 billion in 2015, Premier Wen Jiabao said on Thursday.
  • Earlier this week Wen also promised to increase bilateral trade volumes with Germany [ID:nW8E7KD00A] and Poland [ID:nL5E8FOFAP] as part of a drive to diversify its foreign currency reserves, the world's largest at $3.3 trillion.
  • Cash-rich China has signed a string of bilateral currency agreements, including with Mongolia and Kazakhstan, to promote the use of Chinese yuan in cross-border trade and investment.
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  • "The Chinese side understands concerns among eastern European countries over trade imbalances and will boost imports from those countries," he said
  • Poland, the largest eastern EU member and still outside the single currency area, is engaged in a large-scale infrastructure building programme and struggling to modernise its energy sector to curb reliance on highly polluting coal.Warsaw hopes for Chinese investments in those fields.China is interested in Poland's banking sector and wants to open branches of its banks, including Industrial and Commercial Bank of China, its biggest lender, in Poland.
  • "We are pleased that Poland today is China's largest partner in central Europe, with trade volumes exceeding 14 billion euros in 2011," said Polish Prime Minister Donald Tusk, adding that the potential for trade between China and Poland and its regional peers was much bigger.
  • Poland is the only European Union member to have avoided recession since the 2008 start of the global financial crisis.
Pedro Gonçalves

Iran delays missile test, says ready for nuke | Reuters - 0 views

  • Iran test-fired its surface-to-surface Shahab-3 missile during 2009 exercises. It is thought to be capable of striking Israel and U.S. bases in the Middle East.Washington has expressed concern about Tehran's missiles, which include the Shahab-3 strategic intermediate range ballistic missile with a range of up to 1,000 km (625 miles), the Ghadr-1 with an estimated 1,600 km range and a Shahab-3 variant known as Sajjil-2 with a range of up to 2,400 km
  • The Strait of Hormuz, a crucial route for 40 percent of the world's oil shipment, is in Iran and Oman's territorial waters. However, under international maritime law it is considered as open to international navigation and shutting it down would we seen as an act of war.
  • At its narrowest point, it is 21 miles (34 km) across.
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  • Analysts say choking off the strait will hurt Iran's oil-dependent economy, particularly when OPEC member Saudi Arabia has pledged to compensate for any shortages in Iran's crude exports to Europe.Russia and China, Iran's main allies that have protected it from stronger U.N. sanctions, also have no interest in seeing the oil traffic disrupted in the Gulf and favour resolving the nuclear dispute through talks.
  • Iranian media reported that Jalili would write to the European Union's Ashton to express Tehran's readiness for fresh nuclear talks with major powers."Jalili will soon send a letter to Catherine Ashton over the format of negotiations ... then fresh talks will take place with major powers," said Iran's ambassador to Germany Alireza Sheikh Attar, the semi-official Mehr news agency reported.Talks between Iran and the five permanent members of the U.N. Security Council, the United States, Russia, China, Britain and France, plus Germany (P5+1) stalled in January.
Pedro Gonçalves

In final leg of vote, Egypt's Islamists eye majority | Reuters - 0 views

  • The Islamist Muslim Brotherhood looks set for a dominant role in Egypt's first free parliament in decades and is promising rivals a role in writing a new constitution as military generals face growing pressure to hand power to civilians
  • first free legislative vote since army officers overthrew the monarchy in 1952
  • the Brotherhood has surfed a wave of hostility to long-time foe Mubarak. For millions of poor Egyptians, its record of charitable work in areas ignored by his government suggests it would care for their needs if it won power.
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  • Its Freedom and Justice Party (FJP) leads after two of the three rounds of voting and the rise of Islamist parties in the poll has prompted Western concern for the future of Egypt's close ties to Washington and peace with Israel.
  • Raids last week on non-governmental organisations by police in a judicial probe into foreign funding for political parties have incensed rights activists and drawn a rebuke from Egypt's long-time ally the United States.
  • The more hardline Islamist al-Nour Party has come second in the voting so far but some analysts believe the Brotherhood may seek to build a coalition with liberal groups. That could ease concerns at home and in the West about the rise of the Islamists in a country whose economy is propped up by tourism.
  • "The party's winning of the majority in the new parliament does not mean going it alone in writing the constitution without consideration for the rights of other Egyptians, or ignoring the political forces which did not get a majority or failed in the parliamentary elections," said FJP head Mohamed Mursi.
  • With so much to gain from its return to mainstream politics, the Brotherhood has insisted that the elections proceed as planned and has shunned recent street protests against the army.
  • poll officials said many citizens had turned up just to avoid paying a fine for not voting
Pedro Gonçalves

Analysis - In death, Kim gives China a dose of dread | Reuters - 0 views

  • Over the past 18 months, Kim, who in the past rarely travelled abroad, visited China four times and in August made his first trip to Russia in nearly a decade.
  • Kim's visits were mainly aimed at winning economic support, and raised speculation he may finally be opening one of the world's most closed economies.
  • For China, its much smaller and poorer neighbor is both a buffer and a burden.China sees North Korea as a strategic barrier against the United States and its regional allies. But that barrier comes with an economic and diplomatic price.
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  • As the North's ties with South Korea and much of the outside world have soured, Kim has leaned more on ally Beijing for support, which has cost China both in economic aid and in strains with South Korea and other nations alarmed by North Korea's nuclear weapons development and military brinkmanship.China has sought to draw North Korea closer with incentives, and bilateral trade hit $3.1 billion in the first seven months of 2011, an 87 percent increase from the same period last year, according to Chinese customs statistics. Growth was propelled by a 169.2 percent jump in the value of Chinese imports.
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