Europe
Towards a Digital Euro: What Does It Mean for the Safety of Europe?
The digitalization of the economy and the rapid spread of virtual currencies have created unprecedented opportunities for cross-border illicit activities. The most recent proposal of the European Central Bank for the development of a central bank digital currency is no exception. Known as a digital euro, the project is envisioned to differ from crypto-assets and stable coins in its centralized oversight and control of digital transactions. Hence, by allowing a central banking authority to monitor and verify online transactions, a digital euro could facilitate the fight against organized crime in the EU. Yet, the currently proposed design possibilities of a digital euro reveal vulnerabilities to compliance with anti-money laundering and counter-terrorist financing regulations, as well as pose a significant threat to the safety of children in the digital space.
The Afghanistan Withdrawal’s Impact on the EU’s Strategic Autonomy
The US withdrawal from Afghanistan throws the NATO alliance’s sustainability into a state of flux. European policymakers may pursue a more deliberate course toward strategic autonomy if they determine that America is no longer a credible partner. Some quarters consider independent European security to be an impractical overcorrection given Europe’s capability deficiencies. The withdrawal from Afghanistan provides the opportunity for transatlantic policymakers to reassess NATO’s strategic priorities.
The Gatekeeper for PM David Cameron: An Interview with Kate Fall
GRI’s co-founder Basim Al-Ahmadi sat down via Zoom with Kate Fall to discuss her pivotal role as Deputy Chief of Staff under Prime Minister David Cameron.
Fidesz-Managed Foundations Assume Control of Hungary’s Higher Education System
Through a recent $1.7 billion allocation (comprised of government funds and various property assets) to the privately managed foundation, Mathias Corvinus Collegium (M.C.C.), Victor Orban has expanded the mandate of his governing party, Fidesz, to include the unilateral administration of Hungary’s university system. The immensity of the monetary transfer coupled with the deliberate inclusion of private, Fidesz adjacent interests represent the further consolidation of Orban’s autocratic power and jeopardize institutional legitimacy through unfettered kleptocratic corruption. Though the geopolitical implications cannot yet be quantified, the impact of Orban’s flagrant, politically motivated annexation of Hungarian higher education on capital markets and electoral politics could, potentially, be significant.
Slow EU Enlargement Affords Hungary Leverage
Serbia, North Macedonia, and Albania have agreed to a border-free travel zone between their countries. Although it is an effort to open up their economies following the COVID-19 pandemic, the regional initiative also reflects frustration with the European Union for its slow accession process. Meanwhile, in taking over the Visegrad Group presidency, Hungary has made Balkan EU accession one of its key priorities. This puts Hungary in a strong political position. The risk of a migration crisis in Europe following the US withdrawal from Afghanistan means that the EU has little choice but to intensify its enlargement agenda.
Antitrust fines in the EU signal progress on emissions standards
On the 8th of July 2021 the European Commission announced that it had imposed a €875 million fine on a group of German car manufacturers for conspiring to limit the development of clean emissions technology. This is the 7th largest fine ever imposed by the body and demonstrates the EU’s hard-line response to the car industry’s flagrant disregard of international environmental law. Daimler’s decision to alert the Commission to the cartel in order to avoid fines under the 2006 Leniency Notice suggests that new regulatory frameworks are effectively discouraging cartels.
United Kingdom – Northern Ireland Protocol Complicates Trade Negotiations
The status of Northern Ireland (NI) has consistently been one of the most contentious aspects of Brexit. The tenuous political quagmire, combined with the fact that it hosts the only land border between the UK and the EU, has caused a plethora of economic and sociopolitical problems. In an attempt to prevent the creation of a hard land border in Ireland, the UK elected to let NI remain part of the EU single market. While this has prevented dividing Ireland, it has strained relations between NI and the rest of the UK.
The political implications of Switzerland’s F-35 acquisition
Switzerland has finally selected Lockheed Martin’s F-35A for its Air Force 2030 program. The deal, with 36 aircraft, is expected to be worth $6.5 billion. Critics have argued that the F-35, with its sophisticated stealth and networking capabilities, is too much for a small country like Switzerland that requires only an air-policing aircraft. The decision to select the F-35 exemplifies how much politics are involved in purchasing military hardware worth billions of dollars.
“There Are Such People” in Bulgaria’s Parliament
The new Bulagrian party There are Such People (ITN), led by the former late-night TV show host Slavi Trifonov and his screenwriters, entered the political scene with a bang. It secured more than 17 percent of the vote in the last parliamentary elections, but curiously refused to form a government when given the mandate. The party also did not participate in any traditional media campaigns instead choosing to utilise social media platforms. It is important to understand the rise of ITN as well as what this political phenomenon means for political life in Bulgaria, given the upcoming snap parliamentary elections in July.
The Netherlands Struggles to Find Political Stability as Polarisation Increases
Amid the pandemic, Dutch politics have become increasingly tumultuous. Its parliamentary elections in March touted the largest number of parties on the Dutch ballots since the 1940s. Additionally, a public awareness of a myriad of socio-political issues and a relatively high voter turnout possibly reflect a more diverse political landscape. Yet, the fallout from last year’s childcare benefit scandal, and renewed discussions about political transparency have impaired ongoing formation talks.
