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According to a draft bill adopted by the lower house of Parliament earlier this month, abuse of office would no longer be considered a criminal offence if the sums involved were less than 200,000 Euros. In one of the European Union’s poorest and most corrupt countries, where the average monthly salary is below 500 Euros (net), this bill was the straw that broke the camel’s back.

Corruption – is there a cure?

By: EBR | Monday, February 5, 2018

Curbing corruption is not a quick-fix and there is no single universal cure for it. However, there is more hope than ever that the endemic spread of corruption can be contained and ultimately reduced

There are high-profile concerns about the rule of law across Europe. But there is also gentle erosion. We must keep a systematic focus on the rule of law, and take concerted action to defend it, even in Europe, if we care about the environment and participatory democracy.

Even beyond the headlines, the rule of law is being eroded in Europe

By: EBR | Monday, February 5, 2018

It is easy to be complacent about the rule of law in Europe. European democracies are well-founded and long-established, and the European Union has added an overarching legal regime to a growing family of member states

Cultural diplomacy consists of one of the communications and operational tools of the states when exercising foreign policy and interacting with other states with the final aim being to produce desired outcomes. As an organizational concept, it is new. However, in practice, it is has been exercised for centuries. The means and the agents of applying cultural diplomacy have multiplied or boosted particularly in the western world, where further democratization and the firm belief in peacefully settling inter-state disputes acquired an institutional blueprint.

How Cultural Diplomacy and Radicalism Challenge the International Order

By: EBR | Friday, February 2, 2018

Cultural diplomacy falls within the wider spectrum of soft power used by states to advance their national interests, although it is not easily defined

Since 2014, under the SSM Framework Regulation, the ECB has direct supervisory jurisdiction in relation to the prudential and governance requirements over the four banks of Greece that are systemically important to the EU financial stability. This action has an impact the absolute transformation of the supervisory banking system in Greece since the ECB through its Supervisory Board and Governing Council is exclusively competent for the supervision of the most crucial part of the Greek banking sector.

The effects of banking regulation and supervision on the banking system overall stability: the case of Greece

By: EBR | Friday, January 26, 2018

“I sincerely believe that banking establishments are more dangerous than standing armies” Thomas Jefferson 3rd president of the United States (1743-1826)

The debate among leaders, technologists, futurists, employees of all stripes is on the profound impact AI will have on our workplace, our societies, our lives. The scale of this impact is hotly debated. Could machines replace us? Could they actually take over?

Machines can’t dream

By: EBR | Monday, January 22, 2018

People are concerned about robots

The first lesson I have learnt is the importance of finding, and following, a passion. In this respect I was fortunate from the start. I discovered my love of music when I was three years old. The first time I heard Elvis Presley I knew that was what I wanted to do. My passion arrived fully-formed.

Sir Elton John: 5 leadership lessons from my darkest hours

By: EBR | Monday, January 22, 2018

There is a lot to be learned about leadership, especially when you come, as I did, from one field into another.

This year at the World Economic Forum the challenge of female empowerment is also firmly on the agenda, because giving women and girls the opportunity to succeed is not only the right thing to do but can also transform societies and economies.

Why 2018 must be the year for women to thrive

By: EBR | Monday, January 22, 2018

The need for greater respect and opportunities for women is becoming an ever more prominent feature of the public conversation

Deep-learning AI enables us to mine massive amounts of data in real-time and to use those insights to dramatically accelerate academic discovery and create entirely new business models. And the IoT connects the physical and digital worlds, bringing technology into every dimension of human progress. As these innovations quickly mature and build on one another, they are reshaping every aspect of society, from healthcare to education to transport and financial inclusion.

Four new ’superpowers’ you should know about

By: EBR | Friday, January 19, 2018

The term ‘superpowers’ conjures an image of major nations shaping the course of global history

In the wake of this changing landscape, countries must rethink their industrial strategies. And there are pockets of progress. With the launch of Industrie 4.0 in 2011, Germany was one of the first countries to increase digitization and the interconnection of products, value chains, and business models to drive digital manufacturing forward. Japan’s Society 5.0 – a strategy to use emerging technology to transform not only production, but all of society – followed in 2016.

Which countries are best prepared for the future of production?

By: EBR | Friday, January 19, 2018

As the Fourth Industrial Revolution (4IR) gathers momentum, spurring the development of new techniques and business models that will fundamentally transform production, decision-makers across government, industry and society are confronted by a new set of uncertainties

In fact, many of those predictions for the future in which we live weren’t far off, from the proliferation of automobiles and airplanes to the widespread transmission of information. Of course, the specifics of how those devices would work sometimes fell broad of the mark. Yet these predictions show us just how much our technology has progressed in just a century — and just how much further more innovation could take us.

Life in 2018, as predicted by people in 1918

By: EBR | Friday, January 12, 2018

People in the early 20th century were hopeful about the future innovation might bring

It is the ESM’s task to increase the euro area‘s stability and its ability to weather crises. This creates various problems that need to be weighed up against each other. Beefing up bail-out funds for crises can reduce the immediate cost of crises when they occur. At the same time, however, such funds undermine incentives to prevent crises from arising in the first place.

A three-step plan for a better European Monetary Fund

By: EBR | Monday, January 8, 2018

The European Commission’s ESM reform plans are so one-sided that they can only exacerbate the Eurozone’s existing problems and deepen the gulf between creditor and debtor states, writes Clemens Fuest

Migration is a case in point: the way it’s changing, and is projected to change in the future, highlights how the impacts of climate change on one place spill over to other parts of the world. A new study in Science finds that as crops fail in agricultural regions of the world, more people will seek asylum in Europe in the coming decades. If the current warming trends were to continue, the research predicts that by 2100 Europe will receive around 660,000 extra applicants each year.

Climate change is going to drive thousands of refugees to cooler countries

By: EBR | Monday, January 8, 2018

By the end of the century, climate change may drive 660,000 additional asylum seekers per year toward Europe. Growing mass migration is only one of the social and environmental consequences of increasing temperatures

Because blockchain relies on a distributed ledger system that is decentralized and immutable, it's intended to be a permanent, tamper-proof record that sits outside the control of any one governing authority. This is what makes it such an attractive and useful technology. But because data stored on the blockchain, including personal data, can't be deleted, there is no way to exercise the right to erasure that people are granted under GDPR. Blockchain is not designed to be GDPR-compatible. Or rather, GDPR is not blockchain-compatible the way it is written today.

Will GDPR block Blockchain?

By: EBR | Saturday, January 6, 2018

As someone who has worked in data policy and data protection for 20 years, I read privacy policies for a living

How do we overcome these divisions? Part of the answer lies in rethinking the systems that bind society together and that look after those adversely affected by structural changes. Societies have always had mechanisms for looking after the young and the old, for spreading income over the life cycle, and for looking after those who have fallen on hard times, with some combination of support from family, community organisations, the market and the state.

A leading economist has a plan to heal our fractured societies

By: EBR | Wednesday, January 3, 2018

We live in increasingly divided societies, in which the social contracts that bind us are fraying. One driver is globalisation, which has intensified competitive pressures. Another is technology, which has increased the returns to highly skilled labour, and exacerbated inequality

With its Loon project, a project to provide Internet access in remote areas by means of high-altitude balloons, the company tries to be omnipresent. With its search engine, language assistants and measurement sensors in our rooms, Google wants to be omniscient, too.

Google and the Birth of a Digital God?

By: EBR | Wednesday, January 3, 2018

A question that not only science fiction lovers should ask is: What future do we want to live in?

Our eyes now turn to our country: Greece needs to overcome its problems and create a safe, stable and prosperous future for the generations to come. Therefore, we must decide to become owners of our fate and to master our own future, leaving bad practices behind for good.

Greece stands at a crossroad in its history

By: EBR | Wednesday, January 3, 2018

The Greek economic crisis and the inherent weakness of our country, is a result of reckless behavior mostly on the part of the governments, especially on the fiscal front, but also the very strong tendency to consume, and a very weak propensity to produce

The findings are part of the Militarization 2.0 project, a three-country team of researchers working on a four-year study of the militarization of social media. The report demonstrates the sheer scale of such content, discusses its meaning, shows how it is engaged with and circulated by social media users and discusses the implications for citizens and government. The conclusions are perhaps counter-intuitive.

The militarization of social media: strategies and challenges

By: EBR | Wednesday, January 3, 2018

Social media is a nearly ubiquitous aspect of everyday life, with political and social implications that societies are only now starting to approach.

Technologies are more accessible than ever and they have the potential to empower people around the world. But they also have the potential to embed existing power structures, if they are dominated by vested interests. Those of us in positions of power, including in the NGO community, must be certain we are putting new technologies into the hands of the people we work for, not using them to prop up our own established positions.

A resolution a month for 2018

By: EBR | Friday, December 29, 2017

How we will reinvigorate trust this year

Unemployment from its highest rate at the end of 2014 has now dropped by around 7 points, with about 300,000 new job positions and close to the first mark of 20%. In the financial sector, we have achieved a historic, credible adjustment for the first time in the European history. With this positive dynamic, we will welcome the New Year, and therefore, 2018 will be a year - crossroads for Greece and the Greek economy, with the country leaving behind the memorandums in August 2018, and with them, I would say, and an entire era, an entire historical age, and enters the next day with strong growth rates, renewed and, most importantly, with faith in its own forces. Also, recently, a very positive development with strong meaning was the timely closure of the technical part of the 3rd Assessment, and most importantly with the best possible conditions for the country and the Greek society.

2018 will be a milestone for Greece and the Greek economy

By: EBR | Friday, December 22, 2017

According to the latest figures, Greece's economy has been developing for the first time in the last three quarters

Xi Jinping’s growing consolidation of power is giving ever more momentum to the ambitious Chinese plan to gain dominance of high-tech industries. This is nothing short of a head-on assault, given that these industries to date have been the main source of strength in U.S. and European economies.

5G: China’s Dream to Dominate World Technology

By: EBR | Wednesday, December 20, 2017

The China threat and the U.S.-European convergence of interests

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EU Actually

An as usual divided EU is looking for a more assertive China strategy

N. Peter KramerBy: N. Peter Kramer

In his weekly column, N. Peter Kramer writes about the laborious efforts of the EU member states to find a more assertive China strategy.

Europe

EU hails Hungary’s ’wind of change’ and unlocks €16.4bn for new PM Magyar

EU hails Hungary’s ’wind of change’ and unlocks €16.4bn for new PM Magyar

European Commission President Ursula von der Leyen has told Hungary’s new prime minister that billions of euros in EU funding are to be unlocked subject to his government pushing through a raft of "long-overdue reforms".

Business

Hotpot, bubble tea and sportswear: China’s new exports take on the world

Hotpot, bubble tea and sportswear: China’s new exports take on the world

Step into pretty much any shopping mall in Singapore and you’re likely to find queues snaking outside shops with catchy names and bright-coloured branding.

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