From French Euro-activism to Czech Euro-scepticism
Within the broader context of a changeover from France’s Euro-activism to the Czech Republic’s Euro-scepticism, both Presidencies will have been at the helm during a period in which the stakes were high for development. Denise Auclair reviews the developmental aspects of the French Presidency in the second half of 2008 and previews to the perspectives under the Czech Presidency in 2009.
Throughout much of the fall, the EU institutions debated the mechanics of the European Commission’s proposal to transfer €1 billion of unused Common Agricultural Policy subsidies for European farmers, to small-scale Southern farmers in order to boost local agricultural production in light of soaring prices and riots in many developing countries. The Presidency failed to give the Commission proposal decisive support, and discussions in the Council got lost amid the self-interest of Member States. Finally, the funding will come from emergency reserves as well as existing development funds, undermining the initial intent of additional solidarity with those suffering from high food prices ... ... this article is for subscribers only. For direct log in >>> click here.If you have no subscription >>> pick your option or >>>
After decades of isolation - imposed by major OECD countries out of concern for the country's human rights violations - Myanmar is emerging as a new darling of the "West" - judging by the accelerating succession of visits by senior officials and gurus. New groups of investors are waiting to enter the country as soon as possible.
Persistent high unemployment, the euro area debt crisis and premature fiscal austerity have already slowed global growth and factor into the possibility of a new recession. Now the United Nations have downgraded significantly its forecasts for the world economy in the next year.
Eastern European states are in for a new round of the crisis. The external control of the banking sector and high reliance on external credit has landed the countries of Eastern Europe in a vulnerable position. Now, credit flows from Western banks are drying up again. Hungary has been the first country in the region to ask for IMF support again.
While the G20 efforts to manage global aggregate demand, exchange rate management and stronger regulation of the international financial sector have not worked out quite as planned, in Cannes the Group was further solidifying its role in directing the system of multilateral institutions.
In November 2011, the German Federal Ministry for Economic Cooperation and Development (BMZ) is celebrating its 50th anniversary.The new Minister, Dirk Niebel of the (neo)-liberal FDP has launched a 'radical change of course'. In the recent edition of the Reality of Aid shadow report the change is analyzed.