Klummer – Project Syndicate

The Persistence of Global Imbalances

By Carmen Reinhart JACKSON HOLE, WYOMING – The primary focus of this year’s Federal Reserve Bank of Kansas City symposium in Jackson Hole, Wyomin

The Balkans Between Competing Poles

By Javier Solana MADRID – Few world regions are more culturally and politically complex than the Balkans. And there may be no clearer illustratio

The Achilles Heel of Putin’s Regime

By Anders Åslund WASHINGTON, DC – Russian President Vladimir Putin’s authority is weaker than it seems. In fact, the bedrock of Putin’s power – t

Germany’s New Power of the Purse

By Mark Leonard BERLIN – Last week, German Foreign Minister Sigmar Gabriel interrupted his holiday on the North Sea to respond to Turkey’s jailin

Kaczyński’s Threat to Europe

By Jacek Rostowski ROME – Poland’s President Andrzej Duda has vetoed two of three bills that would have given Jarosław Kaczyński, leader of the f

One Hundred Years of Indebtedness

By Carmen Reinhart CAMBRIDGE – Gabriel Garcia Márquez, the Nobel laureate novelist most famous for One Hundred Years of Solitude, was native to C

Russia’s Oligarchs-in-Waiting

By Anders Åslund STOCKHOLM – Under President Vladimir Putin, cronyism has replaced Russia’s once-burgeoning capitalism. If Putin lives by any mot

Poland’s Immoral Refugee Policy

By Sławomir Sierakowski WARSAW – On June 13, the European Commission filed a lawsuit against Poland, the Czech Republic, and Hungary, accusing th

Revisiting the Global Order

By Javier Solana MADRID – As many analysts have observed, the Pax Americana of recent decades is on life support. After the first 150 days of Don

Xi Jinping’s Marco Polo Strategy

By Joseph S. Nye, Jr. CAMBRIDGE – Last month, Chinese President Xi Jinping presided over a heavily orchestrated “Belt and Road” forum in Beijing.

Angela Merkel’s Challenge to Europe

By Joschka Fischer BERLIN – German Chancellor Angela Merkel has never been regarded as an especially inspiring orator. In fact, she has a reputat

Trump’s Magic Budget

By Carmen M. Reinhart CAMBRIDGE – US President Donald Trump’s administration has now released its budget plans for fiscal year 2018. Among the de

Is Trump Palestine’s New Hope?

By Daoud Kuttab RAMALLAH – On his recent visit to Washington, DC, Palestinian leader Mahmoud Abbas surprised many by heaping praise on US Preside

Information Warfare Versus Soft Power

By Joseph S. Nye, Jr. CAMBRIDGE – Russia’s interference in the 2016 US presidential election, and its suspected hacking of French President Emman

Macron’s Immediate Challenge

By Philippe Aghion Emmanuel Macron may be sure of becoming the next President of France, but he is still a long way from being able to implement

A False Spring at the Spring Meetings?

By Carmen Reinhart and Vincent Reinhart WASHINGTON, DC – Every spring, international bureaucrats flock to Washington, DC, as reliably as swallows

Russia’s Neo-Feudal Capitalism

By Anders Åslund WASHINGTON, DC – Vladimir Putin’s Russia is looking more and more like the sclerotic and stagnant Soviet Union of the Leonid Bre

Befriending the European Court of Justice

By Jasper A. Bovenberg and Erik J. Spaans AMSTERDAM– On March 25, the European Union celebrated the 60th anniversary of the Treaty of Rome, which

Populism at the Barrel of a Gun?

By Sławomir Sierakowski WARSAW – So far, Hungarian Prime Minister Viktor Orbán and Polish Law and Justice (PiS) party Chairman Jarosław Kaczyński

Storm Clouds Over Korea

By Joschka Fischer BERLIN – Decades after the end of the Korean War and the partition of Korea, the conflict on the Korean Peninsula remains one

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