EA April 2014

Perspectives: Greece Taps The Market

paul_horne_realThe Greek government borrowed on the international bond market last week, the first time in over four years.[1] The bond issue comes just five years after Greece’s severe economic and financial crisis had become an existential threat to the euro itself. The fact that Greece was able to borrow €3 billion for five years at 4.75%, with orders totaling €20 billion from a horde of yield-hungry investors, on Thursday, April 10, signaled Greece’s emergence from financial quarantine. A day later, German Chancellor Angela Merkel visited Athens to assure Greek Prime Minister Antonis Samaras that Germany would continue to support his government’s painful and ongoing structural reforms.


The Tatars in Crimea Face Crisis Again

brianbeary-august2011A frail-looking, wizened old man mounts the stage to address an audience assembled at the Carnegie Endowment for International Peace's Washington office, near Dupont Circle. His manner is informal, almost jovial – a contrast to the seriousness of topic he is speaking about: the annexation of his homeland, Crimea, by Russia, against the will of his people, the Crimean Tatars. "We are in a trap," explains 70-year old Mustafa Djemilev, the leader since 1989 of the Crimean Tatar National Movement, the main political party representing Crimean Tatars.


China and the “New” Silk Road

kerry.brown1To the east of the confines of the current Ukrainian crisis, another geopolitical rivalry over former Soviet Republics is taking shape. China has been making quiet but significant moves to establish a “new” silk road through the Central Asian countries of Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, and Kazakhstan.