Latest Insights
Opinion: It’s High Time to Break the Bailout Doom Loop
Monetary easing and bailout expectations are embedded in post-2008 central banking, often justified on the grounds of systemic stability or public expectations. The truth is that on top of nurturing moral hazard, the Fed put impedes innovation and productive investment.
French Cultural Pass Encourages Youth to Spend on the Arts
On May 21st 2021, French president Emmanuel Macron announced the Culture Pass. This program provides €300 to all 18 year olds with the provision that it must be spent on French culture. This money will promote French culture among the nation’s youth and support an industry hit hard by the COVID-19 pandemic.
Rutte for Fourth Term? Splintered Dutch Political Landscape
Approaching 7 months since the last Dutch general election, new cabinet formations have been marred by internal struggles, ministerial scandals, and political betrayals hampering party leaders from partaking in constructive discussions. The current and now demissionary Rutte III cabinet holds the record for the longest cabinet formation in Dutch history: a whopping 225 days, a situation politicians hoped they would never encounter again. However, Rutte’s aspirations to become the Netherlands longest-serving Prime Minister, in combination with the country’s fragmented political landscape, means Dutch citizens must brace themselves for a long formation if not new elections. Recent breakthroughs to restart the current coalition have signaled a possible end to formations, but if it falls through, new elections are inevitable.
The Future of Afghanistan: Social Media Companies and the Taliban
Many political figures and analysts have made statements regarding their skeptical eye towards the progressive sentiments being shared on social media platforms by the Taliban. Yet, the terrorist group is still able to post freely facing barely any difficulties. The mass amounts of Taliban propaganda being spread online may increase the group’s political popularity, expand their member-base as well as international support, and ultimately, solidify their control in Afghanistan. The Taliban’s utilization of media platforms could potentially ignite a revitalized global Islamist militant movement and must be taken more seriously by social media companies.
Supply Chain Volatility in the Automobile Industry
Vehicle production is taking a toll due to the ongoing computer chip shortage. According to a report by Goldman Sachs and forecasts by advisory experts, they predict the shortfall to persist throughout the rest of 2021, into 2022, and 2023, since demand will remain strong and supply will remain restricted.
Sher Bahadur Deuba’s Victory: What Does it Mean for Nepal’s Neighbourhood?
The electoral turmoil in Nepal witnessed a new development, when on the 20th of December, 2020 the nation’s president, Bidya Devi Bhandari dissolved its parliament. Months of uncertainty in Government, coupled with the disastrous impact of the pandemic drove the nation to a political stalemate, until Sher Bahadur Deuba secured the position of Prime Minister with the backing of the parliament. What is the future course that the new Nepalese government will take and how will it shape their future in the region? K.P Sharma Oli’s exit has stalled China’s rapprochement of Nepal, leaving a vacuum that can be filled by neighbouring aspirations from India. Nepal’s future in the South Asian neighbourhood will be marked by its management of the two regional powers, and a potential balancing act that can protect its self interests.
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.
Is Climate Change Fuelling Al-Shabaab’s Resurgence in Somalia?
Somalia has long struggled with the dual challenges of armed conflict and climate change, as observers of the fragile state suggest that the two phenomena are inextricably interlinked. Somalia’s experience illustrates how these complex linkages are indirect and contextual as shifting migration patterns, internal displacement and increased resource pressures exacerbate communal tensions and place unprecedented strain upon traditional modes of conflict management. Al-Shabaab has proved adept at exploiting such natural resource pressures and interclan tensions to fuel their jihadist insurgency in a manner which ominously foreshadows the future climate wars of the twenty-first century.
African Aviation: Ready for Take Off Once Again
The African aviation industry, like its counterparts around the world, has endured a tumultuous pandemic. Losses in revenue and traffic, as well as uncertainty about future prospects, have pushed some airlines to the brink of collapse and beyond. Yet, other operators have seized the opportunities presented, and the sector’s ambitions have never been higher.
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.
