In Bad Faith

By Ashoka Mody in Economics and Finance

On July 2, the IMF released its analysis of whether Greek debt was sustainable or not.  The report said that Greek debt was not sustainable and deep debt relief along with substantial new financing were needed to stabilize Greece. In reaching this new assessment, the IMF stated it had learned many lessons. Among them: Greeks […]

China and EU sign landmark climate deal

By Antony Froggatt - Shane Tomlinson in Environment

The EU-China summit, which ended Monday, has deepened cooperation between the two sides on climate change issues, following a period during which Beijing appeared more occupied with diplomatic engagement with Washington than Brussels. In a joint statement made late yesterday, China and the EU emphasised the importance of working towards a legally binding agreement at […]

TTIP: a week of victories

By John Hilary in Politics

Campaigning works. This is the clear message from a rollercoaster week in the struggle over the Transatlantic Trade and Investment Partnership (TTIP), the controversial trade deal being negotiated by the EU and US behind closed doors. People power has knocked TTIP backwards on both sides of the Atlantic, sending its proponents into a tail spin. […]

Saudi Arabia’s game of thrones

By Carool Kersten in Politics

They are back: the appointment of Muhammad bin Nayef and Muhammad bin Salman as crown prince and deputy heir to the throne indeed formalizes the ascent to power of the grandsons of the kingdom’s founder, Abd al-Aziz Ibn Saud. But focusing on this generational shift is missing the point of the latest round of royal […]

The cost of central bank dependence

By Charles Wyplosz in Economics and Finance

The ECB has decided to maintain its current level of emergency liquidity to Greece (ECB 2015). By refusing to extend additional emergency liquidity, the ECB has decided that Greece must leave the Eurozone. This may be a legal necessity or a political judgement call, or both. Anyway, it raises a host of unpleasant questions about […]

Left-wing Europe: take on the challenge

By José "Pepe" Mujica in Features

The trade union movement, the ideas of socialism, anarchism and communism, and all of the ideas of progress: all have their roots in Europe. It is in your continent that the first great popular movements – the main drivers of social change – emerged. Italy and its workers’ movement, its singular experience of the union […]

Newsletter – June 2015

By Allston Mitchell in Letters

Welcome to The Global Dispatches. This month Aaron Edwards, Senior Lecturer in defence and international affairs at the Royal Military Academy Sandhurst on Yemen: “In the short term, Saudi Arabia is unlikely to back off until the threat posed by the Houthis to Yemen’s stability — to say nothing of Iranian meddling — is rebutted.”; […]

The idea of Europe in its coffee houses

By George Steiner in Arts and Culture

Europe is made up of coffee houses, of cafés. These extend from Pessoa’s favourite coffee house in Lisbon to the Odessa cafés haunted by Isaac Babel’s gangsters. They stretch from the Copenhagen cafés which Kierkegaard passed on his concentrated walks to the counters of Palermo. No early or defining cafés in Moscow which is already […]

The future of human rights in the UK

By Meghan Campbell in Features

On the future of human rights in the UK under the new the Conservative majority government, Adam Wagner (One Crown Row Ltd and founder of gave a very timely seminar last week for the Oxford Human Rights Hub and the Oxford Martin School Human Rights for Future Generations Programme. The seminar asked two crucial […]

A Simple Idea: Free Education For All

By Josh Hoxie in Politics

Senator Bernie Sanders (I-VT) introduced legislation today that would reduce the cost of college tuition to an amount that working families can afford. Free. Sanders made a straightforward case for his groundbreaking legislation to a large crowd in front of the U.S. Capitol. “It is a national disgrace that hundreds of thousands of young Americans […]

Britain’s European Future?

By Robert Tombs in Politics

The Eurozone, if it is to function or even survive, needs to become more integrated, while allowing certain EU states to remain outside it – at the moment Denmark and the UK, and perhaps future members unready or unwilling to adopt the single currency. There is therefore a need for a negotiated adjustment that would […]

Nanjing Disappearing

By Anthony Head in Features

Japan’s Education Ministry recently revealed it has approved new school textbooks that describe as Japanese territories two clusters of uninhabited islands disputed respectively with China and South Korea. The announcement sparked another predictable backlash from these nations, and equally predictable dismissals from Japan. At issue in these tedious and intractable sagas are the Senkaku islands […]

Yemen at war

By Aaron Edwards in Politics

In Operation Decisive Storm, its military offensive in Yemen, Saudi Arabia and a coalition of several Arab states and the US aimed ostensibly to remove threats to the security of the kingdom and neighbouring countries. In a four-week air campaign, the coalition’s military objective was to halt the advance of Houthi militias and prevent their […]

Nicaragua Canal: the environmental costs are huge

By Chris Kraul in Environment

In a scenic lagoon on Nicaragua’s Brito River, less than a mile from the Pacific Ocean, schoolteacher Jorge Lopez and a friend were fishing on a recent morning. He gestured toward a bend in the narrow river, canopied with arching trees draped in moss, and said, “There are howler monkeys, crocodiles, and parrots all along […]

Newsletter – May 2015

By Allston Mitchell in Letters

Welcome to The Global Dispatches, This month Charles Wyplosz, Professor of International Economics examines the likely fallout from Greek defaults; Amedeo Feniello, ex Directeur d’études invité at l’École de Hautes Études en Sciences Sociales of Paris highlights a fascinating episode in world trade involving murder and intrigue in London in 1379; Olivier Blanchard, the IMF’s […]

The Divestment Dividend

By Emily Schwartz Greco in Environment

As Earth Day approached, fossil-fuel divestment actions rattled college campuses large and small. Targets ranged from Harvard University’s $36-billion endowment to the University of Mary Washington’s $46-million nest egg.That’s only natural: Students, professors, and alumni are increasingly telling their schools to put their money where their mission is by shunning oil, gas, and coal assets. […]