According to a well-known Italian Research Centre, from 2003 to 2014 the European single currency cost an 11% GDP reduction throughout the Eurozone and 18 million additional unemployed people. Conversely, as a result of the Maastricht agreement only, throughout the Eurozone we have lost 8 million jobs and an additional 5% of Gross Domestic Product, owing to the obligation to eliminate deficit and cut investment.

Published in Europe

Now is clear that colonialist and imperialist powers cause, promote and support terrorism. There are new “strategic partnerships” across the globe to deny equality, basic rights, and freedoms to people. That is the reason why Palestinians, Kashmiris, Tamils, Chechens, Muslims in Xinjiang continue to struggle for freedom.

Published in Terrorism

The European integration of the Western Balkans seems to be stuck between declarative political promises and reality on the ground. There is general consensus, both within and outside the region, that the only realistic project for achieving sustainable stability and prosperity in the Balkans is integration with the European Union (EU). Today, the completion of the “European project” for the region is threatened by serious challenges.

Published in Europe

I have repeatedly stated that one of the acutest cultural problems in the EU nowadays is that of a lack of cultural identity rooted in Christianity; this is largely due philosophically to a poor appreciation of historicism. To my mind, the philosopher who first alerted us to this problem was Giambattista Vico, widely considered the father of modern historicism. I’d like to offer a brief outline of his theory of history, trusting that interested readers will then pick up and read his masterpiece The New Science.

Published in Europe

On October 3 last the Russian Federation suspended the agreement reached in 2000 with the United States to downblend the bilateral surplus plutonium for nuclear weapons. The two powers had 34 metric tons of weapons grade plutonium each, at least according to the agreement signed in June 2000, at the time of the famous Reset between Russia and the United States.

Published in Defense

Despite conflicts and instability in parts, Africa’s fast growth and development, at least during the past decade, has attracted external countries mainly from Asian region, European Union (EU) and the United States. In this special interview, David Shinn, an Adjunct Professor in the Elliott School of International Affairs, a former U.S. Ambassador to Ethiopia and Burkina Faso, and previously served as a Director of the Office of East African Affairs in Washington, explains some ways to engage Africa.

Published in Africa

During the last two weeks, Deutsche Bank (DB) the largest German Bank (identical to our State Bank of India) making headlines in financial press because of the downward slide of its share value to the record low. A fall by 65 % in share price that has not only erased more than half of its market value but is likely to lead to a closure of 25% of its branches and loss of job for over 2,000 staff. Financial circles are afraid that DB once a triple-A-rated bank is likely to be the next Lehman Brothers which caused the famous US financial crisis.

Published in Economy

The European Union was a creation of CIA, especially of "Wild Bill" Donovan, the first organizer of the Office for Strategic Services, the forerunner of the Agency, and of Walter Bedell Smith, the first President of the Agency. The idea was simple and rational, namely to organize the non-NATO European countries and the Alliance ones in a network of US-EU bilateral economic relations, which would serve as "glue" of the European Federalist Movement led by a lukewarm pro-European man, Winston Churchill.

Published in Europe
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