USA and European Union: With Friends Like These…..

24 June 2018 Even in comparison with the recent deterioration in diplomatic norms, the breakdown of the recent Group of 7 meeting was breath-taking.  The long-planned gathering, cut short by US President Trump's early departure for his hastily planned Singapore summit with North Korea, began with Donald Trump's advocacy to include Russia in future occasions.  [...]

Italy: Growth Not Quitaly is the Remedy

6 June 2018 As a reminder that populist sentiment in Europe has not disappeared, Italy's March election has finally produced an anti-establishment coalition between the Lega and the Five Star Movement (M5S), which appears willing to at least consider leaving the European Union as a remedy for the nation's economic ills. On one level this [...]

Iran Sanctions: JCPOA RIP?

18 May 2018 Despite frenetic diplomatic efforts, including the evident bonhomie between Presidents Macron and Trump, the United States has withdrawn from the Iran Nuclear Deal (JCPOA).  The world awaits details of America's new approach to confronting Iran's nuclear ambitions and its aggressive regional political behaviour.   The Trump Administration has announced already its intention to [...]

Saudi Arabia 2030: Vision Versus Reality

4 May 2108 In April 2016, Saudi Crown Prince (Deputy at the time) Mohammed bin Salman (MBS) announced his Saudi Arabia 2030 economic strategy.  The ambitious plan has two major objectives.  First of all, the collapse in oil prices after 2014 requires a major overhaul of Saudi fiscal policy to reduce the huge budget deficit.  [...]