(Il Sole 24 Ore – A. Quadro Curzio) The bankruptcy of Cyprus and its exit from the euro, with unpredictable consequences for the European Monetary Union (EMU), has been averted, fortunately. The risks were there, even if the Cypriot GDP accounts for only 0.18 percent of the EMU’s, as contagion can also spread from a … Continue reading
(The Guardian – P.Frankopan) Quantitative easing, German bailouts … parallels between the Byzantine empire of the 1070s and Europe today are instructive Sometimes it is easy to forget why we study history. Of course, we use the past to understand the present; but also, ideally, we learn from it too. What a shame, then, that there … Continue reading
(Voice of Russia – D.Babich) The banking crisis in Cyprus became a real eye-opener for a number of business people both in and outside Russia, providing an unexpected answer to a previously undisputed question – who is Bolshevist, East or West of Europe? For decades, it was an undisputed fact that the vestiges of Bolshevism are … Continue reading
