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Ain’t no Atlas strong enough to support the Italian banking system on its shoulders 0
- Financial Policy and International Markets, Op-ed
- 05/09/2016
As a whole, Italian banks have non-performing loans (NPL) worth 198bn euros. Add in so-called “sofferenze”, i.e. debt at risk of non payment, and the total amount rises to 360bn euros. The Italian government has strong-armed the banks into setting up a fund – called “Atlante” – that will act as a backstop for banks that are trying to raise capital and cannot find buyers for their new share issues. Unlike the myth it echoes though, Atlante is not strong enough. And, with Mr Renzi, Italy’s PM, putting his legitimacy at stake with the referendum coming up in October, the government might not have the ability and time to do anything better.
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Coral Conundrum: the ignored victim of the South China Sea 2
- Environment and Energy, Op-ed
- 05/09/2016
The arbitral tribunal under the United Nations Convention on the Law of the Sea (UNCLOS) recently ruled overwhelmingly in favor of the Philippines in its case against China’s maritime claims in the South China Sea. After a month, however, the contested waters of Southeast Asia remain mired in military tensions, with little attention given to the “voiceless victims” for which the stakes are higher: the coral reef ecosystems – and the people whose living rely on them.
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Europe of concentric circles… or divergent values 0
- EU Governance and Politics, Op-ed
- 02/09/2016
The elephant in the room is now too big to be ignored and too obvious to be buried in mumblings.
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Brave New Euro 0
- EU Governance and Politics, Op-ed, Social and Economic Policy
- 02/09/2016
The European Union (EU) should further integrate fiscally and politically in spite of the many challenges it faces. Nationalist movements across the continent threaten the existence of the EU. The Euro, once the pinnacle of the European project, has been dealt a couple of blows. We cowardly lay blame on refugees, populists and a coin; they will never disappear. It’s not the fault of the Euro. It’s (the lack of) political will, stupid!
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Can the Energy Union secure the future of European integration?0
- Environment and Energy, Op-ed
- 31/08/2016
With anti-Europe sentiment rising through Member States, the EU is facing a crisis of faith. The Energy Union provides an argument for continued European integration, with energy democratisation as the key to its success.
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Healing the European patient – Narrowing the gap between the EU and its citizens 0
- EU Governance and Politics, Op-ed
- 31/08/2016
It has been a rough couple of years for the EU with much debate in academia on its various deficiencies. However, with the financial crisis, the almost Grexit, the refugee crisis and now the Brexit, these struggles have also entered the everyday life of ordinary citizens. For many EU enthusiasts the past years of crisis seemed more like a minor hiccup, a difficult period that could be overcome if everyone just kept on moving forward. Yet, the Brexit vote changed everything.
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