Kvashnin Yuri (Ph.D in History)
(Head, European Union Studies Department, IMEMO RAN, RIAC Expert)
Today the Russian-Greek economic relations are affected by a triple crisis: the ongoing crisis in Greece, the crisis in Russian–EU relations and Russia's economic hardships.
As for the first one, at the beginning of this year Greece's economic prospects looked bright. 2013 was the first year when Greece achieved primary surplus of 1.5 billion euro. In the passing year it showed...
... European Council Summit on December 18–19, 2014 will be economic and social policy. Participants will discuss the necessary measures and instruments for strengthening economic growth, creating new jobs and improving the competitiveness of the EU economy. The heads of state and government will have to approve the Annual Growth Survey for 2015 and the Report on Prevention Measures. Both documents were adopted by the Commission in Brussels in November 2014. The Annual Growth Survey 2015 marks the ...
Tassos Symeonides
(RIEAS Academic Advisor based in Seattle, USA)
Ever since April, and a much publicized re-entry in the capital markets to secure a loan, the Greek PM Mr. Samaras has taken no breaks from advertising his government's supposed "success" in leading Greece "out of her crisis." With the exception of Mr. Samaras's narrow circle of advisers, everyone knows that this claim is bogus. In October, Mr. Samaras took another bold, but utterly inane, step in...
Notwithstanding a quite ambitious economic plan of reforms initiated by the Prime Minister Shinzō Abe Sind known as “Abenomics”, mid-November 2014 has shown that Japanese economy is not getting better. The Prime Minister Abe has turned to extreme measures – dissolution of the parliament with the new elections set for December 2014. Once ranking among the top three most innovative and strongest economies, Japan has ...
Russia Needs a Step Forward
Although Moscow's official documents and statements consider Hanoi a key Asian partner, the reality of the bilateral relationship after the breakup of the USSR has actually been inertia, thereby opening opportunities for the U.S.A. and the People's Republic of China (PRC) to gain a strong foothold in Vietnam. With Russia once again intent on achieving a meaningful presence in Asia-Pacific, it appears appropriate to analyze the role of a strategic partnership with Vietnam...
... crisis, the marked reduction in economic activity and the geopolitical disagreements between the main players in global politics – these factors are making it difficult to build contacts and strengthen links between countries and organisations. The economy has become a hostage to political decisions. Will the G20 member countries manage to make a sober assessment of the economic prospects?Will they be able to work out a united approach to addressing the issues that have emerged, or will they be ...
... financial sanctions imposed by the West were quick to bring Iran to the conference table.
Financial instruments of foreign policy are today becoming more important than those involving trade.
Improved efficiency of using financial instruments in the world economy is primarily due to the peculiarities of the current stage of globalization. The volume of financial transactions heavily exceeds the amount of financial services rendered in the international trade in goods and services. In 2013, global exports ...
... the Crimea annexation—Russia gets Crimea and despised elites are punished too.
Nevertheless, new sanctions on Russia’s financial, energy, and defense sectors in July and September will have growing costs for key companies and the overall economy over time. Moscow’s retaliatory ban on certain Western agricultural imports shows that Russia is ready to engage in a tit-for-tat economic conflict—even though Russian officials recognize the economic asymmetries between their country ...
On September 16, 2014, RIAC Director General Andrey Kortunov received a delegation of international financial group J.P. Morgan that included Head of EMEA Country Risk Rene Ramos, Head of Central Eastern Europe Sovereign Risk Luigi Sorvillo and Executive Director for Risk Assessment Aleksandar Kukic.
The participants discussed Russia-related risks since the bank uses the practice of rating agencies to assign its in-house credit ratings to emerging markets where certain credit hazards may arise. To...
An American and two Russians have landed safely in Kazakhstan after 5 ½ months in space… and to think there is no cooperation toward a more peaceful world between the United States and Russia.
Meanwhile, private citizens of Qatar, and other friends of the United States, have been financing Hamas and ISIS. Now, as Washington prepares to launch a new campaign to destroy global terror networks an American website with ties to the J Street lobby claims that the RUNET (Russian Internet)...
