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The Letter n°930 Eric Maurice While the European democratic system is subject to hybrid threats from outside, it is being challenged from within by the current governments in Hungary and Poland and their systemic undermining of checks and balances and guarantees of political alternation. Independent judges and an unfettered press remain the last two bulwarks against power grabs and authoritarian temptations. For the European Union, it is essential to act as a priority to preserve these ch...

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Kenneth Rogoff April 05, 2021 08:42 The mighty US dollar continues to reign supreme in global markets. But the greenback’s dominance may well be more fragile than it appears, because expected future changes in China’s exchange-rate regime are likely to trigger a significant shift in the international monetary order. For many reasons, the Chinese authorities will probably someday stop pegging the renminbi to a basket of currencies, and shift to a modern inflation-targeting regime under w...

Infamous: pimp to the stars Madame Claude, played here by Karole Rocher Credit: Netflix In a quiet street called Rue de Maignon, and later in a modest, 12-room hotel on Rue de Boulanville, waited an elegant blonde women, dressed in grey cashmere and pearls, ready to serve cognac, make polite small-talk, and then quietly and tastefully sell you sex. Before the contraceptive pill made casual sex ubiquitous, late-1960s Paris was full of powerful men with desires to fulfill and the money to pay for...

NEW Scottish independence parties seem to be appearing as regularly as Scottish Labour leaders. We already have Independence for Scotland, Action for Independence and the Scottish Socialist Party. Today sees the launch of a new one, Restore Scotland, which, intriguingly, places scepticism to the European Union at the centre of its offering. With the launch of each new party the SNP’s leadership loyalists are duly provided with their orders to pour scorn on them. Thus, we’re told the...

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The European Union’s Conference on the Future of Europe could this week finally get the green light, when member states and the European Parliament give their verdict on the joint declaration negotiated under the aegis of Portugal’s presidency of the Council of the EU. The proposed declaration, a four-page document presented on Monday to the ambassadors of the 27 member states in Brussels, is expected to be adopted on Wednesday by them at a meeting of the Permanent Representatives Committee...

BBC News Published image captionJudges are investigating Nicolas Sarkozys political campaign finances Nicolas Sarkozy is the first ex-president in post-war France to have been given a custodial sentence for corruption. He and two former associates were each sentenced to three years in jail - two of them suspended - on 1 March, for influence-peddling and violation of professional secrecy. Sarkozy, 66, had tried to bribe a magistrate in return for information on an investigation into his campaign...

Sarkozy: France's divisive ex-president shadowed by legal woes

Opinion: In France, no one is above the law The verdict against former President Nicolas Sarkozy is a signal. Frances ruling class has long been used to going unpunished — The verdict serves democracy, says Barbara Wesel. A photo from better times for Nicolas Sarkozy: Shaking hands with Libyas dictator Muammar Gaddafi in 2007 Its not as if Nicolas Sarkozy has to go to jail with drug dealers and car thieves. If his sentence is upheld on appeal, he can stay in the comfort of his own home with a...