End of an Affair? City of London and EU in Bitter Acrimony One's history is long and the other's is short, but the City of London and the European Union have each in their own way been drivers of financial globalization and economic wealth. But the hard-hitting credit crisis, a series of bailouts and global recession have tarnished reputations of governments and financial industries alike, endangering mutual admiration and cooperation: The EU resents what it regards as speculators from the City, Europe's largest financial center. The British are alarmed by a loss of wealth, blaming financiers and government. And the financial industry vows to combat regulations – including a proposed financial-transactions tax – that it deems excessive, making the City less competitive with New York or Hong Kong. Despite so many common interests, the relationship among the three is increasingly estranged, argues Philip Whyte of the Centre for European Reform. Euroskepticism is on fire, which could prompt Britain to race for an exit. More News... Rise of the TIMBIs Jack A. Goldstone Foreign Policy, 13 January 2012 BRICS are no longer the hot new global leaders Does Immigration Cause Unemployment or Not? Tom Whitehead The Telegraph, 13 January 2012 Two studies offer opposite conclusions; more study is undoubtedly required Why It's China's Turn to Worry About Manufacturing Vivek Wadhwa The Washington Post, 12 January 2012 Artificial intelligence and other technologies will make manufacturing more local EU Warns Wasting Environmental Resources Could Spark New Recession Fiona Harvey The Guardian, 10 January 2012 Reducing waste is a megatrend that could boost the economy and benefit the environment Other Articles... Organizational Homophily in International Grantmaking: US-Based Foundations and their Grantees in China Anthony J. Spires Routledge, 22 September 2011 US grants tend to go toward NGOs favored by the Chinese government
|
No comments:
Post a Comment