Posts From Fabio Telarico

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Economics Finance North America

Killing the Dollar: A Side-Effect of COVID and its Cures?

Since the end of World War II, the US dollar has consistently functioned as a safe harbour for investors caught by any sort of turbulence. Thus, no one was surprised by its appreciation at the height of the current pandemic, which began in April 2020. And no one will be surprised if vaccine makers’ promises to end the pandemic null all those gains. Yet, the currency’s status and reputation have been weakening since the demise of the Bretton Woods Accord in 1974 to the point that, as a side-effect, COVID and its cures may be lethal for the dollar’s international dominance.

Europe Politics

Small-Country Diplomacy: What if Bulgaria Prevents Further EU enlargement?

Discussions of further enlargement of the EU have largely stalled since the Brexit referendum. Among others, France emerged as the main obstacle on Western-Balkan countries’ path towards Brussels. But the recent Berlin Process summit has proved that Sofia could be an even tougher nut to crack, especially for Skopje.

International Natural resources and energy

COVID-19 and the green revolution: A new energy order in the making?

The pandemic has accelerated an ongoing switch towards greener energy, to the point that some foresee a “new energy order” in the making. But these calls are likely exaggerated, with traditional energy sources predicted to stay dominant.

Technology and infrastructure Under The Radar

Under the Radar: The 5G Spat in the Balkans

The US Presidency will finally shift in Joe Biden’s hand come January 2021. Yet, there is a fil rouge that connects Barack Obama’s tenure to the current and future foreign-policy orientation of the US, especially vis-à-vis China. The struggle against China is not set to fade in the foreseeable future. Banning Huawei from servicing Western countries’ 5G infrastructure has been a key part of this antagonism. A group of Balkan capitals have just sided with Washnington in its feud with Beijing. However, should the US be concerned about these countries’ economic ties with Beijing undermining their commitment to the common cause?

Europe Politics

When pandemics fuel aborted revolutions: Serbia’s hot summer and what comes next

The failure of a surge of popular protests in Serbia to halt President Aleksandr Vucic’s apparently irresistible steer towards a demokratura could mark a milestone in the country’s path in the shadow of a global pandemic.

Economics Europe

European monetary policy faces another crisis: Is the ECB effectively leading the way?

In a little over a decade the European Central Bank found itself fighting three considerable crises: the Great Recession in 2008, the sovereign-debt crisis in 2011-2012 to today’s pandemic-induced recessions. The Euro is a project without precedent and under Mario Draghi the ECB was a leading actor in world monetary policy. In 2019, Christine Lagarde became the new president of the ECB.  How does she compare?

Europe Natural resources and energy

Eastern Mediterranean: too small of a bathtub for two swimmers

While the two protagonists Greece and Turkey are currently in dispute over economic rights in the Eastern Mediterranean, other stakeholders within the region continue to complicate their strained relationship. As this issue develops, wider implications emerge well beyond the region, creating both opportunities and hazards

Europe Politics

From protests to constitutional crisis: Boyko’s latest gamble

After years of stability and growth, Bulgaria is navigating a turbulent crisis while no one seems to be paying attention. What’s next for this small European country?