On 15 April 2021, the White House announced new sets of financial sanctions on Russia.  This time the sanctions will have significant bite, targeting the country’s primary issuances of domestic Rouble-denominated government bonds. The sanctions come into effect on 14 June 2021 by an executive order set out by US President Joe Biden. Previously, in...Read More

The European Union (EU) and India held their first high-level dialogue (HLD) on February 5. The HLD arose out of the agenda set out during the 15th EU-India Leaders’ summit held in July 2020, which meets annually. While the HLD’s principal aim is to develop bilateral trade and investment ties, to be captained by top ministerial levels on...Read More

Relations between great powers have worsened in recent years, prompting High Representative Josep Borrell to assert that the European Union must learn to “use the language of power”. When it comes to the EU’s relations with Russia in particular, the need for such a language has become evident. Borrell’s trip this week to visit his counterpart Sergey...Read More

In January 2020, Christine Lagarde announced that the ECB would be conducting a year-long review process of its monetary policy and remit. Much has happened since its last review in 2004, and GPI has responded to Lagarde’s ambitious agenda. The report reviews the development of ECB monetary policy over the past 30 years and concludes...Read More

Although “business as usual” has not resumed between Brussels and Moscow since the conflict over Ukraine erupted into war in 2014, some have suggested that EU-Russia relations have gradually settled into a new normal. While EU unity continues to be maintained with respect to sanctions, Brussels appears at the same time to have adopted a...Read More

This report [1] by Yvan Lengwiler and Athanasios Orphanides was commissioned by the ECON committee of the European Parliament as part of the 20-year review of the European Central Bank (ECB). Our initial comments are based principally on the Executive Summary and Recommendations of the Report, and made in the light of the Global Policy...Read More

After the long stand-off against communism, victory seemed as total as it was sudden. But the west has since fractured and is now losing prestige and influence—does the reversal expose a moral defeat? As the US prepares to plunge into a new cold war with China in which its chances do not look good, it’s...Read More

GPI opinion is that the deal is to be welcomed but the process of negotiation shows up inherent weaknesses in EU governance. The approval of the European Commission borrowing facility and the total 1.1 billion Euro 7-year budget indicated a willingness to compromise on the part of all Member States find the necessary funding to...Read More

The current health crisis has exacerbated the rivalry between great powers. But it has also given Europe a few more opportunities to engage with Russia. In a world increasingly framed by great power rivalry, deepening ties between Moscow and Beijing have been one of the most salient features of global politics in recent years. Yet...Read More

Yesterday’s summit between the Prime Minister and President Macron, on the margins of the latter’s visit to celebrate the 80th anniversary of General De Gaulle’s broadcast from London in 1940 announcing his resolution to continue fighting in the name of France, thereby denying and defying his country’s official surrender to the Nazi invaders, cast a singular...Read More