Global governance & international security

Christine Lagarde, the French finance minister, threatens to walk out of the London G20 summit unless France gets its way on tougher financial regulation. The toppled Czech Prime Minister, Mirek Topolanek, who happens to hold the EU presidency, describes the US fiscal stimulus as “the road to hell”. Not one EU leader deems it necessary to support Gordon Brown publicly when he tries to drum up support for a more concerted international effort to revive the global economy. 

On January 20th, Russian gas started flowing again through Ukraine, after a two-week shut-down that had left people in South East Europe freezing and factories idle. The relief across Europe was palpable but the confusion about what happened is still there.First, both Russia and Ukraine said that the dispute was about money that Naftogaz, the Ukrainian gas company, owed to Russia’s monopoly Gazprom for last year’s deliveries. Then it was about the price the Ukrainians should pay in 2009 for the Russian (or Turkmen) gas that it uses domestically. ...

Does the Kremlin use energy as a political weapon? Why is Russia’s oil and gas output stagnating? Can and should the EU try to reduce its dependence on Russian hydrocarbons? Are the EU and Russia engaged in a pipeline war? What does energy solidarity mean? What rules should govern EU-Russia energy relations?

Expectations of a transatlantic honeymoon after the US presidential election are absurdly high. Most Europeans are enjoying the giddy delights of Obamamania, while also thinking that John McCain would do a lot better than the despised George W Bush.

For almost six years now the West has tried – and failed – to stop the Iranian nuclear programme. Instead, nuclear enrichment has become a matter of Iranian national pride and sovereignty.

Several EU governments have become alarmed about sovereign wealth funds (SWFs). Germany, for example, is thinking of preventing such funds from buying local companies in sensitive sectors.

Imagine the Berlaymont late at night. A full moon hangs in the sky. High up in the building, an office lamp still shines. It illuminates four people. They are sprawled comfortably in armchairs for an intimate conversation. The four lead the EU on international affairs.

Taiwanese domestic politics is nasty and messy. The two main political forces – the KMT, which believes in ‘one China’, and the DPP, which leans towards an independent Taiwan – hate each other with venom that is unmatched in most other functioning democracies.

When Claude Trichet, president of the European Central Bank, announced yesterday’s increase in eurozone interest rates, he did not even mention the threat a weaker dollar could pose to the outlook for the eurozone economy.