The massive, ongoing surge of migrants and refugees into Europe has brought up horrendous scenes of deprivation, along with heartwarming instances of generosity. It has also engendered cruel remembrances of the continent’s darkest hours. But viewed over the long term, this crisis may well be the prelude to changes that could dissipate, and even overturn, some of the world’s most-storied and productive cultures. read more »
During a tour to Paris, Bruce Springsteen explained that his dream was for the US to adapt a Swedish style welfare state. The famous musician is far from alone in idealizing Nordic policies. The four Nordic nations (Denmark, Finland, Norway and Sweden) are often regarded as prime role-models the policies to be emulated by others. Internationally, advocates of left of centre policies view these countries as examples of how high tax social democratic systems are viable and successful. read more »
Despite the claim to uniqueness that is quintessentially French, the housing bubble shares the same root as we see in the Anglo-Saxon world. To be sure, some analysts blame it only on low interest rates: they made the households more solvent, and thus drove home prices up. This rise in purchasing power might have been enhanced by some specific subsidies to new rental units. Some also y point to normative constraints on new buildings have added to production costs. read more »
For any who had been following demographic trends closely in Western Europe, it is long been obvious that suburbanization was following generally the same track as in Canada (more than 75 percent suburban), Australia and the United States (85 percent suburban). Nearly all growth in the major cities has been in the suburbs for the last four decades. read more »
In the years after the Cold War, much was written about Europe’s emergence as the third great force in the global political economy, alongside Asia and the United States. Some, such as former French President Francois Mitterand’s eminence grise Jacques Attali, went even further: in his 1991 book Millenium Attali predicted that in the 21st century, “Japan and Europe may supplant the United States as the chief superpowers.” read more »
The United States and Europe continue to dominate the list of strongest metropolitan areas (city) economies in the world, according to the Brookings Institution's recently released Global Metro Monitor 2014. This is measured by gross domestic product per capita, adjusted for purchasing power parity (GDP-PPP). read more »
Over time, suburbs have had many enemies, but perhaps none were more able to impose their version than the Communist Party of the Soviet Union. In its bid to remake a Russia of backward villages and provincial towns, the Soviets favored big cities – the bigger the better – and policies that were at least vaguely reminiscent of the “pack and stack” policies so popular with developers and planners today. read more »
Is the demise of the ruble, together with falling crude oil prices, comeuppance for President Vladimir Putin’s expansionist dreams? That’s certainly the storyline of those holding faith in economic sanctions. In their eyes, he foolishly land grabbed eastern Ukraine and Crimea, and in exchange got back a cratered Russian economy, with a debased currency and little access to Western financial markets. Heck of a job, Vlad.
The victors, presumably, are the sanction wizards of Washington and London who stared down the barrels of Putin’s tanks and fifth columnists. read more »
The recent near breakup of the United Kingdom — something inconceivable just a decade ago — reflects a deep, pervasive problem of identity throughout the EU. The once vaunted European sense of common destiny is decomposing. Other separatist movements are on the march, most notably in Catalonia, Flanders and northern Italy.
Throughout the continent, public support for a united Europe fell sharply last year. Opposition to greater integration has emerged, with anti-EU parties gaining support in countries as diverse as the United Kingdom, Greece, Germany and France. read more »
It's September, but island beaches from the Aegeans to Zante are still buzzing in Greece. Mykonos has been the summer's Go-To spot for superstars and supermodels; the mainland and cities are also seeing the British and Europeans coming back.
Greece's reemergence on the tourist circuit and the celebrity-watch sites has brought travel revenue, which accounted for 12 billion euros through April, actually above the previous peak in 2008. And, based on arrivals, the national tourism agency predicts that visitors will account for 13 billion euros this year. read more »