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11. Kremlin Coups Turned Democratic Revolutions

Author:
Jiri Valenta
Publication Date:
12-2019
Content Type:
Commentary and Analysis
Institution:
The Begin-Sadat Centre for Strategic Studies (BESA)
Abstract:
The revolution that took place in the Czech Republic thirty years ago was not just the work of Vaclav Havel and his Charter 77 followers. The spark was a KGB coup directed by General Secretary Mikhail Gorbachev. A Kremlin coup also helped spur revolutionary change in Germany. The late 1980s saw unprecedented power struggles within the Soviet elite and Politburo under Gorbachev.
Topic:
History, Geopolitics, Coup, and Revolution
Political Geography:
Russia, Europe, and Czech Republic

12. Why Germany matters for Japan

Author:
Hans Kundnani
Publication Date:
11-2019
Content Type:
Policy Brief
Institution:
Japan Institute Of International Affairs (JIIA)
Abstract:
Since the euro crisis began in 2010, there has been much debate about German power in Europe. Germany has been widely seen as a kind of European “hegemon.” But this both exaggerates the extent of German power in Europe and underplays how problematic it is. Rather, Germany has reverted to the position of “semi-hegemony” within Europe that it occupied between 1871 and 1945.1 However, whereas the classical “German question” was geopolitical, the new version of the “German question” is geo-economic – that is, German power is now economic rather than military. These questions around German power are extremely important for the future of Europe. But why should anyone in Japan be interested in them?
Topic:
History, Bilateral Relations, and Geopolitics
Political Geography:
Japan, Europe, Asia, and Germany

13. The 1948 German Currency and Economic Reform: Lessons for European Monetary Policy

Author:
Gunther Schnabl
Publication Date:
10-2019
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
Twenty years after the introduction of the euro, the European Monetary Union (EMU) is at its crossroads. Following the outbreak of the European financial and debt crisis in 2008, the European Central Bank (ECB) took comprehensive measures to stabilize the common currency. Interest rates were cut to and below zero and several asset purchase programs have inflated the ECB balance sheet (Riet 2018). Within the European System of Central Banks, large imbalances have emerged via the TARGET2 payments system, which can be seen as quasi-unconditional credit in favor of the southern euro area countries (Sinn 2018). While the ECB terminated its asset purchase program at the end of 2018 and is expected to increase interest rates in late 2019, financial instability is reemerging. Growing uncertainty about the fiscal discipline of the Italian government has triggered a significant increase in risk premiums on Italian government bonds. In particular, in Italy and Greece, but also in Germany, bad loans and assets remain stuck in the banking systems. In the face of the upcoming downswing, European banks do not seem ready for new financial turmoil. In this fragile environment, the future path of the EMU is uncertain. To enhance the stability of the EMU, a group of German and French economists has called for a common euro area budget, for a strengthening of the European Stability Mechanism as lender of last resort for euro area countries and banks, as well as for a common European deposit insurance scheme (Bénassy-Quéré et al. 2018). In response, 154 German economists have warned against transforming the EMU into what they call a “liablity union,” which systematically undermines market principles and wealth (Mayer et al. 2018). In 2018, a French-German initative to introduce a common euro area budget faced strong opposition from a group of northern European countries as well as from Italy, symbolizing the political deadlock concerning reforms of the EMU. This article explains the different views on the institutional setting of monetary policymaking in Europe from a historical perspective. It begins with a description of the economic and monetary order in postwar Germany. It then discusses the positive implications for the European integration process and the economic consequences of the transformation of postwar German monetary order. The final section offers some economic policy recommendations.
Topic:
Economics, History, Monetary Policy, Reform, European Union, Banks, and Currency
Political Geography:
Europe and Germany

14. Ocean Floor Grab: International Law and the Making of an Extractive Imaginary

Author:
Surabhi Ranganathan
Publication Date:
04-2019
Content Type:
Journal Article
Abstract:
In this article, I argue for a critical recognition of the law of the sea, as it developed from the post-war period, as fostering a ‘grab’ of the ocean floor via national jurisdiction and international administration. I discuss why we should view what might be discussed otherwise as an ‘enclosure’ or ‘incorporation’ of the ocean floor within the state system as its grab. I then trace the grounds on which the ocean was brought within national and international regimes: the ocean floor’s geography and economic value. Both were asserted as givens – that is, as purely factual, but they were, in fact, reified through law. The article thus calls attention to the law’s constitutive effects. I examine the making of this law, showing that law-making by governments was influenced by acts of representation and narrative creation by many non-state actors. It was informed by both economic and non-economic influences, including political solidarity and suspicion, and parochial as well as cosmopolitan urges. Moreover, the law did not develop gradually or consistently. In exploring its development, I bring into focus the role played by one influential group of actors – international lawyers themselves.
Topic:
Economics, International Law, History, Law of the Sea, and Maritime
Political Geography:
Europe and Oceans

15. Europe 1957 to 1979: From the Common Market to the European Monetary System

Author:
Joseph Halevi
Publication Date:
11-2019
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
This essay deals with the contradictory dynamics that engulfed Europe from 1959 to 1979, the year of the launching of the European Monetary System. It focuses on how the macroeconomic frame- work of stop-go policies in the 1960s ended up privileging external – intra-European - exports at the expense of domestic demand. The paper offers a very tentative explanation as to why stop-go policies, by weakening domestic demand, did not put an end to the to the ‘long boom’ earlier as they should have. The French crisis of 1968-69 leading to the demise of De Gaulle is discussed at length, as is the renewal of the German export drive in the wake of a nominal revaluation of the D-Mark in 1969. Finally, the revival of labor struggles in Italy in the same year is put in the context of the structural weaknesses of the Italian economy as analyzed by the late Marcello de Cecco. The conclusion is that European countries had neither the political culture nor the institutional mechanisms to coordinate mutually advantageous policies. Their so-called cooperation was an exercise in establishing hegemony while defending the interests specific to the dominant economic groups of each country. The essay then deals with the formation of the EMS as an expression of efforts to establish and enforce economic dominance.
Topic:
Economics, Markets, History, Monetary Policy, Capitalism, Common Market, and Macroeconomics
Political Geography:
Europe

16. From the EMS to the EMU and...to China

Author:
Joseph Halevi
Publication Date:
11-2019
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
The paper highlights the position of German authorities, showing that they were quite lucid about the fundamental weaknesses inherent in a process that separated monetary from fiscal policies by giving priority to the centralization of the former. Instead of repeating the well known critiques levelled against the EMU – for which readers are referred to the unsurpassed treatment by Stiglitz, the essay highlights the splintering of Europe in the way in which it has unfolded during the 1990s and in the first decade of the present millennium. In particular the early economic and political origins of the terminal crisis of Italy are located between the late 1980s and the 1990s. France is shown to belong increasingly to the so-called European periphery by virtue of a weakening industrial structure and persistent balance of payments deficits. The paper argues that France regains its central role by political means and through its weight as an active nuclear military power centered on maintaining its imperial interests and posture especially in Africa. The first decade of the present millennium is portrayed as the period in which a distinct German economic area had been formed in the midst of Europe with a strong drive to the east with an increasingly powerful gravitational pull towards the People’s Republic of China.
Topic:
Economics, International Political Economy, Political Economy, History, and Macroeconomics
Political Geography:
Africa, China, Europe, Asia, Germany, and Global Focus

17. Paradox of power: Russia, Armenia, and Europe after the Velvet Revolution Richard Giragosian

Author:
Richard Giragosian
Publication Date:
08-2019
Content Type:
Policy Brief
Institution:
European Council On Foreign Relations
Abstract:
Armenia’s 2018 Velvet Revolution swept old elites out of power, but, unlike Ukraine’s Maidan revolution, had no broad effect on relations between Russia and the West. Armenia lacks friendly neighbours in its immediate region, and it remains heavily reliant on Russia. Russia is a dominant presence in the country but finds itself in a ‘paradox of power’: it wishes to avoid turning Armenian opinion against it, especially since 2016 revelations about Russian arms sales to Azerbaijan. The government and public wish to loosen ties with Russia, strengthen them with Europe, and improve relations with neighbouring countries, including Iran. Europe should break out of its self-imposed ‘ring of restraint’ with Armenia by increasing its technical support, something it can do without provoking Russia.
Topic:
International Relations, History, Geopolitics, and Revolution
Political Geography:
Russia, Europe, and Armenia

18. The Velvet Divorce: Dissolution of Czechoslovakia as an inspiration for Western Balkans

Author:
Jana Juzová
Publication Date:
11-2019
Content Type:
Policy Brief
Institution:
Europeum Institute for European Policy
Abstract:
The example of the dissolution of Czechoslovakia referred to also as the “Velvet Divorce”, in the early 1990s, often serves as a model of peaceful dissolution of a joint state. While the context of the joint Czechoslovak state and its split as well as the shared history of Czechs and Slovaks is very different from that of the Western Balkan countries, due to its peaceful, well-managed preparation as well as the implementation and establishment of “above-standard” friendly relations after the dissolution, for which is Czechoslovakia studied as a model example and compared to other states’ dissolutions, it would be impossible not to include it among the cases studied in this project.
Topic:
International Relations, History, and Geopolitics
Political Geography:
Europe, Balkans, and Czech Republic

19. The ups and downs of Polish-German reconciliation and lessons for the Western Balkans

Author:
Adam Balcer and Klaus Ziemer
Publication Date:
11-2019
Content Type:
Policy Brief
Institution:
Europeum Institute for European Policy
Abstract:
In 2017, the Polish Ministry of Foreign Affairs established the “Reconciliation and Remembrance” seminar, which aims to share the experience of Polish-German reconciliation as an inspiration for improving relations between the Western Balkan nations and overcoming historical barriers. The project is implemented in cooperation with the Krzyżowa Foundation and the German Embassy. Certainly, Polish-German reconciliation may serve to a certain degree as a source of inspiration for the similar processes taking place in the Western Balkans.
Topic:
International Relations, History, Conflict, and Reconciliation
Political Geography:
Europe, Poland, Germany, and Balkans

20. Slovak-Hungarian reconciliation and lessons for the Western Balkans

Author:
Nikolett Garai and Tomás Strázay
Publication Date:
11-2019
Content Type:
Policy Brief
Institution:
Europeum Institute for European Policy
Abstract:
Slovak-Hungarian relations have constantly been the most sensitive in the V4. The relationship between Slovakia and Hungary was problematic already in the 1990s even though the fall of communist regimes in Central Europe and the prospects of integration in Euro-Atlantic structures promised the possibility of a new era of reconciliation. It became evident that membership on multi-lateral platforms - like the EU or V4 - alone could not be the panacea solving all problematic issues between Slovakia and Hungary as tensions continued to be exacerbated after the EU accession while V4 cooperation deliberately avoided sensitive bilateral issues.
Topic:
Bilateral Relations, European Union, History, and Reconciliation
Political Geography:
Europe, Hungary, and Slovakia