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March 30, 2008

A Fistful Of Euros

Zimbabwe: beware of cheap imitations

by Alex Harrowell

The Zimbabwean opposition is claiming victory on a monster turnout in the elections there, although this may be part of a strategy to pre-empt government rigging by claiming early and often. It would be nice if this was it, but I’m sceptical, of course.
Especially, the presence of ex-finance minister Simba Makoni as a candidate worries [...]

A Fistful Of Euros

Outbreak of Arseholes in Central Europe

by Alex Harrowell

Hungarian intellectuals are protesting against the owner of the newspaper Magyar Hirlap, after the paper started printing some genuinely shocking anti-semitic opinions. Specifically, its new columnist Zsolt Bayer took it on himself to describe “the Budapest Jewish journalists” as “justification Jews; their mere existence justifies anti-Semitism”. That’s pretty ugly; it doesn’t help that the trope [...]

March 22, 2008

A Fistful Of Euros

France Changes its Nuclear Policy; Not Very Much

by Alex Harrowell

Nicolas Sarkozy was in Cherbourg to name the latest French SSBN, the appropriately named Le Terrible, this week; and he had a few things to say about the circumstances under which she might be called on to fire her M51 SLBMs. The headline grabber, which everyone picked up on, was that France is going to [...]

March 16, 2008

A Fistful Of Euros

Swords Paperclips from the North

by Alex Harrowell

It looks like Nicolas Sarkozy’s pet foreign-policy idea has been sporked, good and proper; his idea of a “Mediterranean Union” is now officially an ex-parrot, after it failed to get German support. As we’ve been saying right back to 2005, the key fact of European politics at the moment is that Angela Merkel has achieved [...]

February 20, 2008

A Fistful Of Euros

Qatar: It’s Where the Money Comes From

by Alex Harrowell

Karl Marx said that ideology is part of the social superstructure, merely a decorative overlay on the brutal truth of the economic base. Millian liberalism was really just an expression of the pounding steam engines, Jacquard looms and downtrodden apprentices of 1840s Manchester, just as absolutism had been built on the assumption that society would [...]

February 17, 2008

A Fistful Of Euros

Bad Parallels

by Alex Harrowell

John Quiggin writes about the banking crisis:
Suppose Bank A owes a trillion dollars to bank B which in turn owes a trillion to C which in turn owes a trillion to D which owes a trillion to A. Now suppose that A gets into liquidity trouble and can’t pay. Then B is similarly in trouble [...]

A Fistful Of Euros

Economic Interdependence Knits Europe Together (Perhaps)

by Alex Harrowell

Well, sort of. I somehow doubt Jean Monnet would have been thinking of this when he came up with the idea of a Europe so closely bound together by trade war would be forever impossible. Rogue Planet reports that the biggest buyer of Bosnian armaments is…Serbia. Bosnia is also the biggest supplier to Serbia. Yes, [...]

February 3, 2008

A Fistful Of Euros

Your Sclerotic European Economy

by Alex Harrowell

Is doomed to be overtaken by the tech-fuelled surgeosity of US vitality, right?
Well, perhaps. Where would you decide to put a factory for the mass-production of Li-Ion batteries, the key technology in getting oil out of cars? California? China? Brazil? Try France: that’s what Johnson Controls is doing. Or how about launching 150kg satellites into [...]

A Fistful Of Euros

The Bear Blows First

by Alex Harrowell

Last week, the EU peacekeeping force for Chad/the Central African Republic/and anywhere else in the general mess left of Darfur looked all set; after the French government offered to pony up more troops, and specifically enough Transall cargo planes and Puma support helicopters to assure the force’s mobility, the EU foreign ministers signed off the [...]

January 27, 2008

A Fistful Of Euros

A European Future?

by Alex Harrowell

Parag Khanna has a monster screed - eight pages - in the NYT on the subject of “turning away from hegemony”. The hegemony concerned is that of the United States; the argument is that US power will decline relative to that of China, India, big second-tier powers, and Europe. This is a topic that cannot [...]

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