And the answer is … €86 Billion. In a previous Commentary , we posed the question – what is the price of European solidarity?
In true “one minute to midnight” style, the new Greek bailout proposal arrived in Brussels yesterday, having advanced from handwritten notes on a hotel notepad by the new Greek finance minister to a formal, 13-page, 53.5 billion euro, three-year bailout request in a mere two days.
Myanmar’s union parliament on June 25 voted to reject five of six major amendments to the 2008, military-drafted constitution, in a decision that has critical implications for Myanmar’s political landscape and puts U.S. policymakers in a delicate position.
On June 22, the World Trade Organization (WTO) announced  that Kazakhstan had completed negotiations on its accession, becoming the WTO’s 162nd member. The details of Kazakhstan's membership will remain confidential until the accession package is formally adopted by all 161 other members.
Ongoing troubles in the West Papua region, and the unwanted attention they have garnered, are a sore spot for Indonesian authorities. They undermine the larger narrative of an Indonesia finally at peace with itself, consolidating its democracy and putting the ghosts of its past human rights abuses to bed.
Over the last 48 hours we have seen a dramatic turn of events in the five-plus-year saga between Greece and its creditors. The last minute compromises and referendum threats made over the past several years have de-sensitized governments, markets, and Europeans to the possibility of an actual Eurozone exit.
The Russian city of Ufa is coming up on summit season. From July 7 to 10, the city will play host to both the BRICS and Shanghai Cooperation Organization (SCO) summits.
At a time when U.S. relations with most countries in Southeast Asia are warming, the United States’ ties with its oldest partner in the region are a critical outlier. Thailand-U.S. relations have been in a deep freeze for the past 13 months since Gen.
The emergence of the Asian Infrastructure and Investment Bank (AIIB) is a salutary moment of truth for international development finance. It marks a clear departure from the status quo.