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The EU does not have much direct leverage over Rome. Italy pays more into the EU budget than it gets back directly (net contribution of €3.2 billion in 2016). A risk that the EU may eventually suspend funding for regional or structural adjustment programmes would matter much less for Italy than for the big net recipients of EU funds in east-central Europe such as Poland and Hungary.

Italy: the master of its fate

By: EBR | Monday, June 25, 2018

If Italy’s government tames its radical instincts it could be allowed to get away with a few things. But if it is confrontational with the EU it will be heading for trouble

Erdogan, 64, the most popular - yet divisive - leader in modern Turkish history, told jubilant, flag-waving supporters there would be no retreat from his drive to transform Turkey, a NATO member and, at least nominally, a candidate to join the European Union.

Turkey's Erdogan wins sweeping new powers after election victory

By: EBR | Monday, June 25, 2018

Turkish President Tayyip Erdogan won sweeping new executive powers on Monday after his victory in landmark elections that also saw his Islamist-rooted AK Party and its nationalist allies secure a majority in parliament

Third, awareness raising, financial literacy and access to affordable financial services are necessities for migrants in their new countries of residence and for their families back home. This will enable migrants to make informed choices about the cheapest and most secure means of sending money home, as well as provide them with an understanding of financial products in which their families can invest. This in turn will bolster the financial systems in countries of origin and residence.

How migrants who send money home have become a global economic force

By: EBR | Friday, June 22, 2018

More people are on the move around the world than ever before. An estimated 258 million people are currently living outside their country of origin

More generally regarding the role of the citizen, one principal uncertainty is whether or not we will be able to work collectively towards greater sustainability. This includes developing a common vision that can be embraced by different sectors of society and geographies across the world. It is unclear whether or not SDGs represent this vision, says David Bray, Executive Director of People-Centered Internet.

The two big uncertainties shaping our future

By: EBR | Friday, June 22, 2018

When we think about the future, most of us try to predict it by extrapolating from a wide range of assumptions that we make about today

But now the shift to a presidential system compels candidates to get 50 percent-plus-one of the national vote. This is where the ongoing climate of political polarization becomes a hindrance. While it helps to cement support within Erdogan’s more natural constituency, it creates a possibly non-bridgeable gap with the rest of the Turkish polity. That will be Erdogan’s dilemma in a second-round vote.

What Turkey’s elections mean

By: EBR | Thursday, June 21, 2018

The stakes are just so high: more centralization of political power, dealing with a polarized society, or even shifting Turkey’s direction to the West.

When researchers reassigned the pairs and now described the counterparties as cooperative negotiators, it led to mirror-opposite results. When negotiators believed their counterparty had a cooperative reputation, they shared meaningful, sensitive information that led to better deals when compared to pairs uninformed about their counterparty’s reputation.

Does a tough reputation pay off in negotiations?

By: EBR | Tuesday, June 19, 2018

How to build the type of reputation proven to lead to better deals

German Chancellor Angela Merkel has two weeks to reach a deal with her European counterparts about how to admit and register asylum seekers. Failing that, her job could well be on the line.

Merkel’s options, Europe’s future

By: EBR | Tuesday, June 19, 2018

Europe’s security, foreign, and defense policies will go nowhere without tackling the refugee and asylum crises

Individuals with a high sense of purpose, who can find new ways of achieving meaning, have the recipe for successful ageing. This comes with a key insight: The purpose of life is to live for others. Communing with the world, losing ourselves in what is not us, can create a great sense of satisfaction. Building on this, we find another concern of the greatest importance – the symbiotic relationship between personal wellbeing and the collective wellness of humanity and that of the planet.

Once you have it all, what’s next?

By: EBR | Tuesday, June 19, 2018

Where to look for answers to the existential questions many of us grapple with

Which different directions could these critical uncertainties take? What could be the implications for individuals, organizations, regions and the world? Exploring and discussing these alternative pathways will not only make us more prepared and resilient, it will offer opportunities to shape these developments towards the future we want.

The two big uncertainties shaping our future

By: EBR | Tuesday, June 19, 2018

When we think about the future, most of us try to predict it by extrapolating from a wide range of assumptions that we make about today

“By signing the agreement… we have really moved mountains,” he said, and offered Tsipras his tie.

Tsipras and Zaev seal historic deal to end name dispute

By: EBR | Monday, June 18, 2018

Greece and Macedonia on Sunday (17 June) signed a historic preliminary agreement to rename the small Balkan nation the Republic of North Macedonia, ending a row that has poisoned relations between the two neighbours since 1991.

Up to 87 million Facebook users had their data exposed to Cambridge Analytica, which used it for the political gain of its paying customers. Facebook had sealed the breach that allowed the data firm to plunder information about the friend networks of quiz takers years before the scandal erupted, yet Facebook founder Mark Zuckerberg continues to find himself in front of government bodies – the United States Senate and the European Parliament, for example – apologising and promising more transparency.

Don’t reinvent the regulatory wheel

By: EBR | Monday, June 11, 2018

How internet companies under siege can learn from the finance industry

There are a wide range of measures in hybrid campaigns, ranging from cyber-attacks and disinformation to the disruption of critical services, such as energy supplies or financial services; the undermining of public trust in governmental institutions; and exploiting social vulnerabilities. Once a state is weakened sufficiently, the aggressor’s strategic aims can be consummated by the use of conventional or paramilitary forces.

It’s all about governance

By: EBR | Monday, June 11, 2018

Today, state and non-state actors are challenging nations, institutions and private companies through a wide range of overt and covert activities targeted at their vulnerabilities. Both NATO and the European Union refer to these as hybrid threats

Here are 6 big ideas to help the environment

By: EBR | Friday, June 8, 2018

On World Environment Day 2018, it’s time to inject some hope and inspiration into the mix

Social and emotional, or so-called “soft skills”: these include advanced communication and negotiation, empathy, the ability to learn continuously, to manage others and to be adaptable. Business development, programming, emergency response and counselling require these skills.

The 3 key skill sets for the workers of 2030

By: EBR | Friday, June 8, 2018

Humanity has always endeavoured to speed up manual tasks. From the first use of animal bones as tools to the creation of the factory production line, we have always wanted to make things better, faster and cheaper

So far, the tariff war has been just that: a tariff war, limited to the use of import duties on goods. Soon, though, the US is expected to release details of how it plans to restrict Chinese investment in US companies where it deems it a threat to national security. Meanwhile, the Chinese government could make things difficult for US companies operating in China – by imposing regulatory burdens or encouraging consumer boycotts. It could choose to block mergers, such as the one proposed between the US firm Qualcomm and Dutch firm NPX. The EU could consider retaliating against US banking and insurance companies and taxing digital services, hurting US tech companies.

Trade wars won’t fix globalization. Here’s why

By: EBR | Thursday, June 7, 2018

The Trump Administration’s announcement in February of new steel and aluminium tariffs on national security grounds, including on imports from allies like the EU, have set the stage for escalating trade tensions

The internet age in which we already live prefigures some of the questions and issues that AI will only make more acute. The Enlightenment sought to submit traditional verities to a liberated, analytic human reason. The internet’s purpose is to ratify knowledge through the accumulation and manipulation of ever expanding data. Human cognition loses its personal character. Individuals turn into data, and data become regnant.

How the enlightenment ends

By: EBR | Monday, June 4, 2018

Philosophically, intellectually—in every way—human society is unprepared for the rise of artificial intelligence.

“These are the human faces behind the politics and fighting. They show that this war is not just about bombs and politics but about human suffering. It is about the victims, each of whom have a name, a face and a story to tell.”

International community told “not to forget” civilians caught up in bitter Ukraine conflict

By: EBR | Monday, June 4, 2018

Ukraine’s biggest charitable foundation is spearheading efforts to bring relief to the thousands of innocent civilians caught up in the country’s bloody conflict in Donbass

Value has gone from being a category at the core of economic theory, tied to the dynamics of production (the division of labour, changing costs of production), to a subjective category tied to the ‘preferences’ of economic agents. Many ills, such as stagnant real wages, are interpreted in terms of the ‘choices’ that particular agents in the system make, for example unemployment is seen as related to the choice that workers make between working and leisure.

Capitalism's greatest weakness? It confuses price with value

By: EBR | Friday, June 1, 2018

The global financial crisis, which began in 2008 and whose repercussions will continue to echo round the world for years to come, has triggered myriad criticisms of the modern capitalist system: it is too ‘speculative’

So what makes the happiest communities different from all the rest? Aside from fewer people, the authors found that the happiest communities had shorter commute times and less expensive housing, and that a smaller share of the population was foreign-born. They also found that people in the happiest communities are less transient than in the least happy communities, that they are more likely to attend church and that they are significantly more likely to feel a “sense of belonging” in their communities.

Living in a small town could be the key to happiness

By: EBR | Friday, June 1, 2018

Heaven is wide open spaces — at least, it is for most people, according to a massive new data set of happiness in Canada

Since 5 March 2009 (more than nine years ago), when interest rates were lowered to 0.5 percent in the U.K., we have not seen much action despite all the talk and promises of higher interest rates. And inaction of interest rates has come mostly as a surprise as projections on interest rates were always much higher than what was later delivered by the central bank (see image below).

No End in Sight for the “New Normal” in Monetary Policy

By: EBR | Tuesday, May 22, 2018

Getting out of a low inflation environment is proving much harder than what we thought

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EU Actually

Guterres: the one and a half Celsius is dead

N. Peter KramerBy: N. Peter Kramer

On the eve of the UN climate conference COP30 in Brazil, the word was finally out.

Europe

Neglecting its poorest regions risks being a fatal EU mistake

Neglecting its poorest regions risks being a fatal EU mistake

Giles Merritt warns against halving cohesion funds in the new MFF when hard-hit rural regions flock to support the populists’ disruptive messages

Business

China to loosen chip export ban to Europe after Netherlands row

China to loosen chip export ban to Europe after Netherlands row

Beijing has said it will loosen a chip export ban it imposed after Dutch authorities took over Nexperia, a Chinese-owned chipmaker based in the Netherlands.

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