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Back to Erdonomics 101
Economy & finance Mediterranean

Back to Erdonomics 101

“Erdonomics” is a pretty straightforward concept – cut interest rates, watch consumption gear up, and all other pieces will fall into place. But “all those other pieces” are what Turkey’s President Tayyip Erdogan and his economic advisers underestimate – current account deficit, high inflation, households in debt from the Bosphorus to eastern Anatolia.

Consolidating corruption in Ukraine
Former Soviet states

Consolidating corruption in Ukraine

Two years ago Ukraine’s ‘Revolution of Dignity’ ushered in political reformers committed to ending the former Soviet republic’s culture of corruption and to setting the country on a European path. The first Euromaidan government did make some progress towards reform but now a new coalition has taken power which experts […]

Slovakia squeezes the small, unnerves the big
Europe

Slovakia squeezes the small, unnerves the big

Slovakia’s Prime Minister Robert Fico survived elections in March but his party lost its majority in the 150-seat parliament. Fico formed a four-party coalition which will be tested when Slovakia takes over the European Union presidency in July. Ominously, an extreme-right party won 14 seats. Fico won praise for attracting […]

Court jams spanner in Israel’s gasworks
Energy Mediterranean

Court jams spanner in Israel’s gasworks

The energy potential of the East Mediterranean is enormous – more than 35 trillion cubic feet of natural gas have been found, most of it in Israel’s offshore waters. Much more could be found in the area if the US Geological Survey’s estimate of 122 trillion cubic feet of gas and several billion barrels of […]

Allied airstrikes burning ISIS oil
Middle East

Allied airstrikes burning ISIS oil

The terrorist attack in Brussels by Islamic State (ISIS) has again concentrated civilized minds on how to eradicate the extremist organization. In recent months special operations and air strikes carried out by the US coalition against targets in Syria and Iraq have done considerable damage to the group and its […]

NATO’s new world disorder
Former Soviet states Mediterranean

NATO’s new world disorder

NATO members will meet in Warsaw this summer as security issues for the Western military alliance are approaching critical mass. Confronted with a resurgent Russia and wars along its eastern and southern flanks, NATO must now adapt to the new realities without jeopardizing security elsewhere. A new report by the German Marshall Fund […]

Trump group in Cyprus gambles with bribery-tainted firms
Americas

Trump group in Cyprus gambles with bribery-tainted firms

A company owned by the controversial US presidential candidate Donald Trump recently partnered with two firms tainted by bribery allegations to bid for a lucrative casino license in Cyprus, an investigation by Global Sources Magazine has revealed. The investigative team leader Bill Hutman reports. THE Trump Organisation LLC, a privately owned multinational […]

Erdogan zaps Zaman and democracy
Mediterranean

Erdogan zaps Zaman and democracy

“Not a pretty picture,” is how one political analyst described Turkey’s latest debacle to Global Sources Magazine. On March 4 the government stormed the offices of the country’s largest circulating newspaper Zaman and its English-language sister Today’s Zaman. These moderate conservative dailies have been critical of President Recep Tayyip Erdogan and his Justice and Development Party […]