Willy Brandt Twenty Years After

July 12, 2012 by

The great German statesman Willy Brandt died twenty years ago. Germany, Europe and the world have much to be grateful about, and much to learn from this master of politics under great tension and polarization. What was his Ostpolitik–new politics toward the East–formula? De-escalation and tension reduction are important aspects, but too general. Brandt managed to present to the East, not only to DDR (East Germany) but to Poland, Czechoslovakia and Soviet Union, a friendly West Germany not filled with aggression and hatred.

Spain’s Growing Pains

July 12, 2012 by

Just when you think that things can get no worse in Spain, they do. Take a look at the chart at the end of the article, courtesy of Credit Suisse via FT’s Alphaville. Yiagos Alexopoulos at Credit Suisse estimates that Spanish capital outflows are currently running at an annualised rate of 50 per cent of GDP. No question, the bank run is clearly accelerating, and one can easily understand why.

How to Enhance Obama’s Limited Progress on Arms Control

July 12, 2012 by

Upon assuming office, President Obama outlined his vision of a world free from nuclear weapons, calling the existing arsenals of nuclear weapons a dangerous legacy of the Cold War. Obama’s call for a nuclear weapons free world - what is also known as “Global Zero” - will be impossible to achieve in a world where nuclear proliferation is rampant, and where the benefits of Mutually Assured Destruction have been very effective in keeping the peace between nuclear armed states.