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☆ Finland's New President Sees No Limit to NATO Ties, Ukraine Support
▼ + stars: | 2024-02-11 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +3 min

He said he agreed with his predecessor Sauli Niinisto "who said that we need a more European NATO". He would be "a Western president in many ways" and lean towards the United States, Britain and Nordic neighbours when it came to setting the tone of foreign policy, he told Reuters. "My starting point is, paraphrasing (European Central Bank President) Mario Draghi, whatever it takes," Stubb said. During his election campaign Stubb said Finland should be an active NATO member and seek to have some NATO troops stationed on its territory. Stubb is a keen amateur athlete and triathlon champion - though he has said he will cut down on sport once he becomes Finland's 13th president.

Persons: Anne Kauranen, Alexander Stubb, Sauli Niinisto, Mario Draghi, Stubb, Johanna Vuorelma, Vuorelma, Markku Jokisipila, Suzanne Innes, Andrew Heavens Organizations: Anne Kauranen HELSINKI, NATO, Reuters, European Investment Bank, European University Institute, Nordic, Ukraine, Central Bank, Helsinki, University of Helsinki, Finland's Centre, Parliamentary Studies, National Coalition Party Locations: Ukraine, Russia, Finland, Europe, Florence, United States, Britain, British

☆ EU is ill-equipped to meet growing global threats
▼ + stars: | 2023-11-27 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The snag is that EU countries are ever more reluctant to give up their right to block collective actions. Meanwhile, rivalry between the United States and China – and a green subsidy race between the world's two largest economies – is undermining the world trading system. The response of EU countries to the Gaza conflict has also been shambolic, both individually and collectively. Yet EU countries are also grappling with nationalistic currents, the latest demonstration of which is last week’s election victory by Geert Wilders, the Dutch politician who has long campaigned on an anti-immigrant and anti-EU ticket. But it is not clear that EU countries want to find a way to speed up collective decision-making.

Persons: Donald Trump, Vladimir Putin, Geert Wilders, Olivier Costa, Jan Zielonka, Erik Jones, keener, Annalena, Shahin Vallée, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, European, NATO, EU, United Nations General Assembly, Franco, Britain, IF, College of Europe, Oxford University, European University Institute, Thomson Locations: Ukraine, United States, China, EU, People's Republic, Gaza, Dutch, Washington, Beijing, Germany, France, Denmark, United Kingdom, Berlin, Franco, Russia

☆ We need to 'finish' Sweden's NATO membership, says former Finnish prime minister
▼ + stars: | 2023-08-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need to 'finish' Sweden's NATO membership, says former Finnish prime ministerAlexander Stubb of the European University Institute discusses his candidacy for the Finnish presidency. He has served as prime minister, finance minister, foreign minister, trade and Europe minister of Finland between 2008 and 2016.

Persons: Alexander Stubb Organizations: NATO, European University Institute Locations: Finnish, Europe, Finland

☆ Former Finnish PM Alexander Stubb to run for president
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

Former Prime Minister of Finland Alexander Stubb at the EPP congress in Helsinki, November 7, 2018. Lehtikuva/Jussi Nukari via REUTERS/File Photo Acquire Licensing RightsHELSINKI, Aug 16 (Reuters) - Former Finnish Prime Minister Alexander Stubb said on Wednesday that he will be a candidate in Finland's presidential election due in January of 2024. His announcement came after incumbent premier Petteri Orpo on Sunday asked Stubb to become the National Coalition party's candidate. "In this geopolitical situation the answer is unequivocal: when the fatherland calls, then we go," Stubb told reporters. Stubb, currently a professor and director of the European University Institute in Florence, Italy, held several ministerial posts before serving as prime minister between 2014 and 2015.

Persons: Finland Alexander Stubb, Lehtikuva, Jussi Nukari, Alexander Stubb, Petteri Orpo, Stubb, Pekka Haavisto, Mika Aaltola, Olli Rehn, Anne Kauranen, Terje Solsvik Organizations: EPP, REUTERS, Rights, National Coalition, European University Institute, Bank of Finland, Thomson Locations: Finland, Helsinki, Finnish, Florence, Italy

☆ Opinion | The ‘Representative Agent’ Is Always Rational. The Rest of Us Are Not.
▼ + stars: | 2023-07-10 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

Economists have an imaginary person they call a “representative agent,” who is about as realistic as the Easter bunny or the Abominable Snowman. The representative agent is supposed to stand in for all of us in a model of how the economy works: 335 million Americans, for example, boiled down to one. As originally conceived, the representative agent is fully rational and unemotional, forward-looking and with perfect information about all the relevant facts. “It is clear that the ‘representative’ agent deserves a decent burial,” Alan Kirman, then of European University Institute in Florence, Italy, wrote in The Journal of Economic Perspectives in 1992. Paul Romer, then of New York University, indicted the representative agent among other culprits in 2016 in a scathing critique that began, “For more than three decades, macroeconomics has gone backward.”

Persons: ”, ” Alan Kirman, Paul Romer Organizations: European University Institute, New York University Locations: Florence, Italy

☆ Syria's Assad to steal spotlight at Arab summit after years in the cold
▼ + stars: | 2023-05-17 | by ( Aziz El Yaakoubi | ) www.reuters.com time to read: +4 min

Saudi Arabia, Qatar and others for years supported anti-Assad rebels. While Arab countries appear to have brought Assad in from the cold, they are still demanding that he curbs Syria's flourishing drugs trade and that war refugees can return. His return to the Arab League is likely to revive questions over his human rights record. Government forces have used chemical weapons more than two dozen times during Syria’s civil war, U.N. war crimes investigators said. The Syrian crisis and other regional conflicts including Yemen and Libya, pose further challenges for the Arab League, which is often undermined by internal divisions.

☆ It's the U.S., not Europe's banking system that's a concern, top economists say
▼ + stars: | 2023-03-31 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

A central theme at the Ambrosetti Forum in Italy on Thursday and Friday was the potential for further instability in financial markets, arising from problems in the banking sector — particularly against a backdrop of tightening financial conditions. The move of 2018 was part of a broad rollback of banking rules put in place in the aftermath of the crisis. Although lauding the progress made in Europe, Papaconstantinou emphasized that it is too early to tell whether there is broader weakness in the banking system. It is not an environment where we can sit back and say, 'okay, this was just two blips, and we can continue as usual'. "We learnt the lessons of the financial crisis, there's been deep restructuring in this decade, and they are in a stronger position than in the past, obviously."

☆ No crisis repeats itself in exactly the same way, professor says
▼ + stars: | 2023-03-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo crisis repeats itself in exactly the same way, professor saysGeorge Papaconstantinou, professor and dean at the European University Institute and former Greek finance minister, discusses the global banking crisis involving Silicon Valley Bank and Credit Suisse and the changes that have taken place since the 2008 financial crisis.

☆ Italy's own version of Alexandria Ocasio-Cortez is shaking up politics in Rome
▼ + stars: | 2023-03-13 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

Italy has a new face in its national politics that's being compared to Rep. Alexandria Ocasio-Cortez, the popular Democrat lawmaker stateside. Elly Schlein was elected as the center-left party Partito Democratico (PD) leader earlier this month — the first female to get the job. Earlier in her political career, she volunteered in the 2008 Obama campaign, when Barack Obama faced off against John McCain. But the picture might be changing, with Rome electing the first female prime minister, Giorgia Meloni, in October. Giorgia Meloni and Elly Schlein are emblematic of that change," he added.

However, the WHO has said gaps in data might be due to Chinese authorities simply struggling to tally cases. Some estimates predict large numbers of deaths ahead and China has been racing to bolster its health system. Lawrence Gostin, a law professor at Georgetown University who follows the WHO closely, called the missing data "highly suspicious". "It's hard to criticise China when there's other countries that haven't reported COVID cases (at all)," he said. "I wouldn't like to say that China is actively not telling us what's going on.

☆ Inflation will remain higher than European Central Bank's target till 2024, says professor
▼ + stars: | 2022-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation will remain higher than European Central Bank's target till 2024, says professorIgnazio Angeloni of the European University Institute says he does not expect inflation to come down any time soon, and would only decline slowly.

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