Showing posts with label Europe. Show all posts
Showing posts with label Europe. Show all posts

01 March 2025

Trump is Right (No Pun Here)

I am with Donald Trump on the Ukraine issue.

The West cannot win this war. Europe is an ailing military power. The EU is high on rabble and low on military power, not withstanding the exalted claims of the UK, France (both nuke powers), and Germany. The Ukraine conflict has laid bare the military vulnerability of the EU: no large arsenals and certainly none of the much-vaunted tide-turning cutting edge technology on display.

The EU, especially the larger economies of the UK, France, and Germany, in an economic shithole. They are nothing more than glorified Middle Powers, like Iran, albeit with better technology and clout. But that's about it.

The EU cannot win the war in Ukraine against the Russians. Putin may be alone, but he sure weighs heavily on the minds of the liberal establishments in most of the EU nations.

The biggest threat the world faces, which the Russophobic-EU ignores, is the rise of a militaristic China.

China represents the single biggest threat to the U.S., India, the EU, and most of the southeast Asian nations.

If the U.S. gets out of the Ukraine quagmire, it can focus on countering China, which today is hellbent on owning not just the South China Sea but the Pacific Ocean as well.

Compared with the military threat from China, Russia is small change. The sooner the Russophobic-West, especially the EU, realizes this uncomfortable truth, the better will the chances of the anti-China brigade, including the U.S. and India, in countering the rising dangers of an aggressive and militaristic China.

04 March 2019

Venezuela Crisis in a Nutshell

In this short explainer on the crisis enveloping Venezuela, I have tried to be brief and to the point.


Nicolas Maduro                   Juan Guaido


Who’s Who in Venezuela


President: Nicolas Maduro, a hardcore socialist, anti-U.S., leader of United Socialist Party of Venezuela.   

Who supports Nicolas Maduro:
    (a) Within Venezuela: Supreme Court of Venezuela, Defence Forces of Venezuela, PDVSA (state-owned oil company); 

(b) 
Outside Venezuela: China, Russia, Turkey, Iran, Bolivia, Cuba, Nicaragua  (last three are in the Americas).

Who does Maduro blame for the current crisis
: United States of America.

Challenger: Juan Guaido, self-declared Interim President since January 2019 and leader of Popular Will, a centrist party.

Who supports Juan Guaido
:

(a) Within Venezuela: Low-ranking military officials and huge popular support.
(b) Outside Venezuela: U.S., UK, Argentina, Brazil, Chile, Colombia, Ecuador, Peru, Panama, Costa Rica, Guatemala, and Honduras.

Role of Oil in Venezuelan Economy


  • Oil reserves in Venezuela are said to be among the top 3 in the world.
  • Oil accounts for 98% of export earnings. 
  • Oil accounts for 50% of GDP
  • High global oil supply, falling crude prices, and poor extraction technology have led to a big decline in oil production – all of which have drastically reduced the government’s export earnings, thereby widening revenue deficit. 
  •  In 2018, GDP shrunk by double digits for the third consecutive year. 
  • Government does not have foreign exchange reserves to pay for imports and loans. 
  • Venezuela has been in default since 2017 – meaning, it has not paid back foreign loans and not paid for imports. 
  • U.S. and other countries have a long-running embargo against Venezuela; this has shrunk market for Venezuelan products and reduced avenues for borrowings.

Major Problems

  • Great political and economic instability 
  • Mostly, a result of catastrophic humanitarian emergency. 
  • Severe shortage of food, medicine, & other essentials – mostly because of hoarding, embargo, and hyperinflation. 
    • Hyperinflation, meaning very, very high rate of inflation, is leading to doubling of prices of essential goods every 19 days on average. Current inflation is around 85,000%. Thousands of health professionals have left the country, leading to medical emergency. 
    • Lack of access to food and healthcare have pushed 90% of people below the poverty line.  
    • On average, a Venezuelan has lost around 12 kg of body weight since 2017. 
    • It is believed that some 3 million have already fled Venezuela; the number is likely to rise to 5 million by the end of 2019.

In a nutshell, years of economic mismanagement, misdirected welfare policies (subsidizing almost everything through high revenue earned by oil exports), huge debt, massive shortage of essential stuff, hyperinflation, political instability – have all led to the current catastrophic humanitarian crisis in Venezuela.

06 October 2018

Weekend Videos - Spies, Secrets of FB, & the Sun


Check out these videos to rev up your learning this weekend.

  • Why our lives will keep revolving around the Sun (BBC Ideas, under 5 minutes)
  • Inside Facebook: Secrets of the Social Network (Al Jazeera, under 47 minutes)
  • How British spies made a cyber immune system (CNN, under 4 minutes)

31 July 2016

Sunday Reads



  • The West's decline would hurt China. (Project Syndicate)
  • Why you can't switch off at the weekend. (BBC Capital)
  • India lifts veil on Army as Narendra Modi prepares to spend U.S.$150 billion (Bloomberg)

26 June 2016

Sunday Reads: All about Brexit


Check out this Brexit omnibus edition.

  • Brinsanity (FP)
  • A Brexit Post-Mortem (FA)
  • Why Brexit made sense to voters (CNN)
  • 'I hope I don't live to regret this.' (Guardian)
  • A British Tragedy in One Act. (PS)

BBC
has an explanatory infographic on steps to UK leaving the EU.

12 June 2016

Sunday Reads


General Reads
  • How British let One Million Indians die in Famine (BBC)
  • India's Central Bank Chief is an Economic Asset (Bloomberg) Hat tip: Mohan Ramiah

Controversial Read

Video
  • Inside the world of China's Super Rich (AlJazeera

24 April 2016

Sunday Reads


This post comes after more than two months since the last post. 

General Reads
  • Inside the Bubble: Aboard the Air Force One. (BBC)
  • China's Mediterranean Odyssey (Diplomat)
  • Increase your return on failure (Harvard BR)

Photo Gallery 

Controversial Read

  • All the People God Kills in the Bible (Vocativ)

Anecdote

"How's your wife and my kids?" asked Rod Marsh (Australia) from behind the stumps.

"The wife's fine," replied the England batsman, Ian Botham, "but the kids are retarded."


06 December 2015

Sunday Reads

Sunday Anecdote: In 1898, young Albert Einstein applied for admission to the Munich Technical Institute and was turned down. The young man, the Institute declared, "showed no promise" as a student. By 1905, he had formulated his special theory of relativity.

  • Is China really scared of horror films? (BBC)
  • How Islamic State takes its terror to the Web. (Der Spiegel)
  • AAP denying Delhi the Janlokpal bill they deserve. (ET)

03 December 2015

The Explainer: What if Bashar Al-Assad Goes?


The Syrian civil war has killed at least 2.5 lakh people and displaced millions. The Syrian President Bashar al-Assad has dismissed any talk of giving up power. In fact, the Syrian President has dug in his heels and is prepared for the long haul.

There has been loud condemnation from the international community against Bashar’s atrocities against his countrymen. Efforts by the Unites States, EU and Israel to impose punishing sanctions against Bashar’s regime have been, on several occasions, stymied by Russia and China.

In the last week of September this year, Russia launched massive strikes against the Islamic State strongholds, thus bolstering its presence in West Asia and raising the stakes for a new power game (some analysts compare the ongoing tussle between the U.S. and Russia as the beginning of a new Cold War) in the region.

Russia has ignored the protestations of the U.S., the European Union, Turkey and Saudi Arabia in lending military and logistical support (fighter troops, combat aircraft, helicopters, and tanks) to the beleaguered regime of Bashar Al-Assad. Vladimir Putin, the Russian President, has vowed to back Bashar Al-Assad against what he called “terrorist aggression” of the Islamic State/Daesh.

The U.S. is deeply worried about the aggressive Russian military campaign against the Islamic State terror group; the U.S. fears that Washington may end up playing second fiddle to Moscow even as the Russians are raising the combat quotient of their military campaign against the Islamic State.

What if Bashar goes? 
There is great anxiety in the United States, EU, Israel, Saudi Arabia, Iran, and Lebanon about the outcome of this conflict in Syria.

Will Bashar al-Assad end up like Zine El Abidine Ben Ali of Tunisia, Hosni Mubarak of Egypt, Muammar Gaddafi of Libya, and Ali Abdullah Saleh of Yemen? If yes, what will be the impact of such development?

If Bashar al-Assad is booted out of power (either by the U.S.-led forces or by the Islamic State terror group or by a combination of circumstances), then we should consider the impact of such ouster on:


·         the Islamic State, which will emerge as the biggest political force, with a stupendous capacity to terrorise the civilians and spread its tentacles in West Asia, including in the immediate neighbourhood;
·         Syrian domestic politics, which has no credible opposition except for an umbrella moderate rebel body which is beset with infighting among its various constituent parties;
·         neighbours like Iran, Iraq, Lebanon, Israel, Saudi Arabia, and Turkey;
·         dictators with absolute power in the wider Arab World (like King Hamad of Bahrain);
·         global economy, which might witness revival problems because of energy supply disruption and spike in oil prices in case the conflict takes on a regional shape;
·         rise of Islamists, like the Muslim Brotherhood in Egypt and the Ennahda party in Tunisia, and 
·         strategic realignment, especially with regard to the role of the United States in the wider Islamic World and West Asia.

I will discuss the ongoing tussle between Russia and Turkey in another piece.


23 November 2015

Paris Attacks: Putin's Bond Movie-like Command Centre & Best Cartoon Response to IS


No post in the last 25 days due to travelling and an otherwise busy schedule. 

In the light of the deadly Paris attacks, I am sharing some four five interesting pieces:
  • Putin's James Bond movie-like war command centre. (WaPo)
  • Gurumurthy on the Paris Mastermind. (New IE) Hat tip: Mohan Ramiah.
  • Saudi funds fan ultra-conservative Islam in India. (First Post)
  • Wedded to the organisation - How IS changed everything for three young women. (Telegraph India)
  • Why Abdelhamid Abaaoud wanted to die. (FP)

The best cartoon on the Paris attacks is one by Deb Milbrath, of the Cartoon Movement. 















25 October 2015

Sunday Reads



  • Why we should defend the right to be offensive. (BBC) Also read Threat to free expression in Britain. (Economist)
  • Amaravati: From mythology to reality. (Hindu)
  • What will it mean if the Yuan gets Reserve Currency status? (Bloomberg)

22 October 2015

The Explainer: The Syrian Refugee Crisis


The highly regressive version of Islam imposed on the region’s hapless people by the Islamic State has triggered a mass displacement of Syrians. 

According to the United Nations High Commissioner for Refugees (UNHCR), there are a total of 41.8 lakh Syrian refugees. This figure includes includes 21 lakh Syrians registered by UNHCR in Egypt, Iraq, Jordan and Lebanon, 19 lakh Syrians registered by the Government of Turkey, as well as more than 26,700 Syrian refugees registered in North Africa, as of the third week of October 2015.

Today Syria has the largest number of internally displaced people (IDP) in the world with over seven million people living away from home to escape the conflict zones. In addition, another four-and-a-half million Syrians have escaped from the region and poured into neighbouring Muslim nations and Europe where they have triggered the largest migrant crisis since the end of the Second World War. 

There has been intense criticism of the Muslim nations that have refused to open doors to the Syrian refugees; rich Arab nations like Saudi Arabia, Qatar, and UAE have been indifferent to the plight of the fleeing multitude of Syrians.

On the other hand, Syria’s neighbours like Turkey and Lebanon have kept their doors open to the Syrian refugees, each taking at least one million of them while Jordan and Egypt have accepted substantial number of refugees.

However, it is the mass exodus of Syrians to Europe that has rang alarm bells in the region. Thousands of Syrian refugees are braving inclement weather, choppy seas, dishonest people smugglers, border fences, and hostile governments and local populations to reach Europe, especially Germany and France.

While the European Union has, on a general note, welcomed the refugees, there has been a backlash in several EU nations, like Hungary and Slovakia. In fact, the two countries have vowed not to accept any refugees even if the EU imposes any refugee quotas on its members. In a rather different twist, Slovakia agreed to take in 200 Syrian refugees only if they are Christian.

While Germany has opened doors to the refugees, the political leadership, led by Chancellor Angela Merkel, is facing a domestic backlash for being too soft on migrants. There has been an upsurge in violence against migrants across Germany, especially in the wake of calls by anti-migrant organisations who allege that the influx of Syrians will destroy the religious character of their nation.


18 October 2015

Sunday Reads



  • Inside Iran's revolutionary courts. (BBC)
  • Zaheer Khan: The calm operator and the creator of doubts. (Hindu)

17 July 2015

The Iran Explainer: Sanctions & Impact


Yesterday, I posted an Explainer on the Iranian political system. Today's post focuses on the sanctions imposed by the United Nations, the United States and the European Union. It also focuses on the impact of such sanctions on the floundering Iranian economy.

Read The Iran Explainer: Backgrounder on Political System


A Brief History of Sanctions against Iran
Punishing Iran for its consistent refusal to stop its nuclear weapons programme, the United Nations imposed punitive sanctions, which are in addition to the sanctions imposed by the European Union and the United States.

The UN sanctions prevent all members and international financial institutions from entering into new commitments for grants, financial assistance, and concessional loans, to the Iran, except for humanitarian and developmental purposes. The UN ratified four rounds of sanctions against Iran between 2006 and 2010; these sanctions include a ban on the supply of heavy weaponry and nuclear-related technology to Iran, a block on Iranian arms exports, and an asset freeze on key individuals and companies, and mandates cargo inspections to detect and stop Iran’s acquisition of illicit materials.

The EU imposed its own restrictions on trade in equipment which could be used for uranium enrichment and put in place an asset freeze on a list of individuals and organizations, who it believed, were helping advance the Iranian nuclear programme. In 2011, the EU also banned the export to Iran of key equipment and technology for the refining and production of natural gas.

In 2012, the EU, which until then accounted for about 20% of Iran’s oil exports, banned the import, purchase and transport of Iranian crude oil. It also froze assets belonging to the Central Bank of Iran, and banned all trade in gold and other precious metals with the bank and other public bodies. It also banned the import, purchase and transport of natural gas from Iran.

As for the U.S. sanctions, they have been in place since 1980. The two countries have had no diplomatic relations since 1980 after the U.S. embassy in Tehran was stormed by Islamist students during the Islamic Revolution. (The 2012 Oscar Award winning film, Argo¸ revolved around this incident.) The U.S. imposed successive rounds of sanctions for Iran’s support for international terrorism, human rights violations and refusals to co-operate with the IAEA.

The U.S. sanctions also ban almost all trade with Iran, including purchase and sale of energy resources. However, the sanctions carry exceptions only for activity “intended to benefit the Iranian people”, including the export of medical and agricultural equipment, humanitarian assistance and trade in “informational” materials such as films.

Impact of sanctions in a nutshell

As always I have used pretty simple language. 
This weekend, either on Saturday or Sunday, Early next week I will post the third part of this four-part series on the Iranian nuclear deal. 


15 March 2015

Sunday Reads - Modi's trips + Don't expect Math to make sense



  • The advantages of losing memory. (BBC)
  • Don't expect Math to make sense. (NYT)
  • The great escape that changed Africa's future. (Guardian)
  • Modi's trips and China's islands. (Diplomat)

22 February 2015

Sunday Reads - Lessons from Coal Auction


From today, all regular features will appear on appointed days. Here are this Sunday's brilliant reads.



  • Deng Xiaoping devised what was good for Mainland China. (New IE)
  • Life destroying 'spice' drug engulfs Russia. (AlJazeera)
  • Why science is so hard to believe. (WaPo)
  • Lessons from the coal auction. (ET)

Read The Explainer: Understanding the Budget - Part I and Part II

09 January 2015

Book Excerpt: The Clash of Civilizations and the Remaking of World Order

For several years now, relations between between the West and Islamic World have been marked by deep antipathy
This deep mistrust is a legacy of growing radicalism in the Muslim World and is characterised by a marked hatred of the West. It does not help that the foreign policies of the Western nations are guided by their narrow 
economic and strategic interests, often in the Middle East.

Samuel Huntington, former editor of Foreign Affairs, is the author of the ground-breaking work, The Clash of Civilizations and the Remaking of the World Order. In his magnum opus, Huntington argues that the 21st century will be marked by clashes between civilisations - Islam versus the West, Islam versus Sinic (China), Islam versus Hindu, Russia versus Sinic, Russia versus Islam, among others.

Title: The Clash of Civilizations and the Remaking of the World Order
Author: Samuel Huntington
Publisher: Penguin
Pages featured here: 23-25

Note: All copyrights/trademarks belong to the owners of the publication/author(s). It is not my intention to profit from their work. In fact, I just wish that the readers of this blog are encouraged to buy/read the works represented here.






28 December 2014

Sunday Reads - MBA programs go digital


  • How the e-tailers keep us spending. (BBC Technology)
  • Q&A: German journalist on surviving Islamic State (AlJazeera)
  • Ruble collapse India's window of opportunity. (IE)
  • MBA programs go digital. (NYT)