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The bumpy year ahead

The global economy is confounding the conventional wisdom of the past decade and the coming year will see a remarkable shift.
MARTIN WALKER, UPI Editor Emeritus

China half-full, France half-empty

As the end of year looms it is tough to know whether China or France is the more worrying situation for the global economy next year.
MARTIN WALKER, UPI Editor Emeritus

Merkel -- Reigning or ruling?

Germany's new coalition government threatens to leave Chancellor Angela Merkel, Europe's dominant politician, reigning rather than ruling in her homeland after the opposition Social Democrats extracted a stiff price for their support.
MARTIN WALKER, UPI Editor Emeritus
That gloomy Summers

That gloomy Summers

Larry Summers says the global economy is in a period of "secular stagnation."
MARTIN WALKER, UPI Editor Emeritus
1914 and today

1914 and today

When B-52s start flying to assert U.S. power in the face of Chinese ambition, it is worth recalling what 1914 meant, what it lost and what it launched.
MARTIN WALKER, UPI Editor Emeritus

Europe buys time again

Claiming triumph in the Iran talks and swallowing disappointment in Ukraine, the Eurozone has also chosen to duck its financial problems yet again.
MARTIN WALKER, UPI Editor Emeritus
The Red Bonnets of France

The Red Bonnets of France

France is on the verge of a "social explosion," the country's top regional administrators warned the government in a leaked confidential report.
MARTIN WALKER, UPI Editor Emeritus

Are the Germans right?

Germany cannot continue forever taking money from the rest of Europe without sending something in return.
MARTIN WALKER, UPI Editor Emeritus

Breaking the banks

As bankers and politicians argued again whether or not to split RBS (Royal Bank of Scotland) into a good and a bad bank, a key issue has made few headlines. What governments have given banks with one hand they have taken away with the other.
MARTIN WALKER, UPI Editor Emeritus

It's now Merkel's Europe

Like the dog in Sherlock Holmes that failed to bark in the night, the significant event of the latest European summit was what did not happen. It did not concentrate on American bugging of the phones and emails of European leaders.
MARTIN WALKER, UPI Editor Emeritus

Why Europe's banks tremble

Europe's banks and financial officials are all awaiting, in a mix of hope and trepidation, to learn just how the European Central Bank proposes to assess the solvency of Europe's banks.
MARTIN WALKER, UPI Editor Emeritus

Is France turning racist?

The stunning success of France's anti-immigrant Front National (FN) party in winning a regional election Sunday with 54 percent of the vote reflects a growing frustration with conventional politics across Europe.
MARTIN WALKER, UPI Editor Emeritus

Spain's double-edged recovery

The Spanish economy, after five terrible years that saw unemployment reach 27 percent, is starting slowly and bumpily to recover. Exports are currently growing at an annual rate of seven percent.
MARTIN WALKER, UPI Editor Emeritus

Berlusconi's revenge

Italy has rung the bell to launch the next round of the euro crisis.
MARTIN WALKER, UPI Editor Emeritus

Merkel: The dark side

The adulation and euphoria surrounding Angela Merkel's re-election success is getting out of hand. The curse of the third term now lies in wait.
MARTIN WALKER, UPI Editor Emeritus

Woes beneath Merkel's calm

Beneath the apparently smooth path to re-election of Chancellor Angela Merkel, the tectonic plates of German politics are shifting ominously.
MARTIN WALKER, UPI Editor Emeritus
Did the G20 fail?

Did the G20 fail?

The Group of 20 summit should have secured three achievements, which had been thoroughly discussed in advance and which had nothing to do with Syria.
MARTIN WALKER, UPI Editor Emeritus
Why Cameron was right

Why Cameron was right

Prime Minister David Cameron refuses to show personal humiliation and political castration after his defeat in Parliament regarding military action in Syria.
MARTIN WALKER, UPI Editor Emeritus

China's worried elites

Not since Mikhail Gorbachev began speaking of 'Glasnost' and 'Perestroika' has there been such a ferment among policy intellectuals.
MARTIN WALKER, UPI Editor Emeritus

As the world slows

This is eerie. Everything has suddenly gone upside down in the global economy. Europe is growing and China is slowing. Emergent markets are faltering and mature ones are suddenly looking perky. The United States is about to become the world's top oil and gas producer.
MARTIN WALKER, UPI Editor Emeritus

Scotland's year of decision

Next year Scotland will vote in a referendum on independence from Britain, amid a well-orchestrated campaign of sentimental nationalism which could lead to a shrunken Britain.
MARTIN WALKER, UPI Editor Emeritus

Reforming the tax system

Any suggestion that the United States is a heavily taxed country flies in face of the historical evidence. .
MARTIN WALKER, UPI Editor Emeritus

Brexit or Grexit

For the past two years, Europe has been gripped by the prospect of Grexit, a forced withdrawal by an impoverished Greece from the euro currency. Maybe Europe was looking in the wrong direction. Brexit, a voluntary British withdrawal, now seems ever more likely.
MARTIN WALKER, UPI Editor Emeritus
Snowden's best refuge

Snowden's best refuge

Edward Snowden's revelations create friction between U.S., Europe.
MARTIN WALKER, UPI Editor Emeritus

Germany falters

The German export machine is slowing, with imports rising and massive trade imbalances that have been the prime cause of the euro crisis closing fast.
MARTIN WALKER, UPI Editor Emeritus
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