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GPI Europe Opinion
The article (link) examines the rationale behind the exploration by the vast majority of the world’s central banks of introducing central bank digital currencies (CBDCs). The phenomenon is discussed in the context of a number of key issues: a) the main drivers of central bank interest, b) the crucial role of public money in supporting...
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Two well-respected analysts and commentators, John Mearsheimer (2022) and Wolfgang Streeck (2022a and b), have recently put forward a persuasive thesis that historical and contemporary fault-lines are placing the EU in a position where its political and economic independence may be terminally challenged (see especially Streeck (2022b) in an Unheard interview. In summary, the thesis...
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Despite the apparent acceptance at international level of several linked, though in some cases contradictory, norms, namely the (civic) nation-state sovereignty, the territorial integrity of nations-states, unitary and federal governance structures, and the right of self-determination, these norms are frequently challenged. The artificiality of such norms – confirmed only by the flimsy apparatus of international...
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In 1978, Vaclac Havel wrote an essay, “The Power of the Powerless”. It followed the publication of “Charter 77” in 1977. In the essay Havel attempted to explain his view of what it meant to be a dissident in Czechoslovakia at that time, but the essay also described the nature of the all-pervasive ideology prevalent...
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There seems little doubt either that a new Cold War is appearing in the world, or of its ideological content. This is not to dismiss economic competition and security issues, but there needs to be a recognition of the ideological content of the contemporary antagonisms. The difference with the new Cold War is that the...
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Negotiation involving compromises on both sides will spare the people suffering, while preserving their sovereignty and independence. “Forget the cheese – let’s get out of the trap” — Robert A. Lovett, U.S. Secretary of Defense 1951-53. The talks now underway in Belarus between Ukraine and Russia provide the possibility of a peace agreement and an...
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In response to the Russian invasion of Ukraine, the West now has no choice but to impose the toughest possible economic sanctions on Russia and to seek to unite as much of the world as possible in pressing Russia to end the attack. All scholars and analysts of Russia and the countries of the former...
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In recent years, the world’s great powers have increasingly placed their own narrow interests and their deepening competition with one another ahead of the well-being of the wider international order: the United States reiterates its lofty principles without truly addressing the security concerns of its adversaries; Russia pursues destabilizing actions to gain an edge in...
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The Western attempt to expel Russia from Europe has failed. That there was such an attempt was always implicit in the strategy of seeking to admit every European country but Russia into NATO and the European Union. In this context, the NATO slogan “A Europe Whole and Free” is an explicit statement that Russia is...
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The EU’s relationship with Russia for the past decade or more has been characterised by uncertainty. That uncertainty finally came to an end in 2021, albeit in a fashion which raised further questions over the EU’s ability to become a significant player in the emerging multipolar international order. EU-Russia relations have been through several hurdles...
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The Global Policy Institute is a research institute on international affairs. It is based in the City of London, and draws on both a rich pool of international thinkers, academics as well as policy and business professionals. The Institute gives non-partisan guidance to policymakers and decision takers in business, government, and NGOs.

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