Economic Crisis


Myths and Realities of Sanctions in Russia

The Russian elite and public are propagating certain myths that Western sanctions are not hurting or are even helping Russia's economy. The reality is much bleaker: sanctions are here to stay for a long time and there can be no healthy economic development while they are in place.

Why Moscow Opposed Grexit

Putin phoned IMF chief, asking the Europeans to support Athens in any way possible. It is likely that Obama asked to do the same thing: there is no indication that Greece was ever a point of contention between Russia and the United States—despite Greece’s position on the Ukrainian crisis, its anti-Western rhetoric, and Tsipras’ friendship with Putin

The Greek No: How to Sacrifice a Nation With Its Consent and Not Lose

While using terms like democracy and justice, Syriza has presented Europe with a third-world understanding of these concepts. For the Greek leadership, a nation’s collective dignity is more important than personal dignity, and someone else is always to blame for our misfortunes. What should Europe do with the rebellious nation while holding the bloc together in the process?

Occupy Europe

A party of professional protesters is now calling the shots in Greece. So why are we surprised that their time in office has yielded little except more protests? In recent decades, Greeks have gotten used to negotiating with the government through pickets and protests. But what works at home, doesn’t work abroad

Maidan Redux in Armenia?

The Armenian protesters are motivated by socio-economic issues and the desire for social justice—not larger notions of democracy that constitute international human rights advocacy.

And Then There Were Five: The Plight of Ukraine’s Oligarchs

Ukraine’s five wealthiest people have lost a collective $9.75 billion in the last year. To put this number in perspective, the IMF’s bailout package is worth $17.5 billion.

Vladimir Putin’s Wooden Casket

Russia’s current president is not planning on staying at the helm forever, since he is not ready to raise the retirement age. His inaction will destroy Russia’s economy, at the very latest by 2030.

What Did Tsipras and Putin Gain From Their Meeting in Moscow

The Ukraine crisis has made Europeans see Greek foreign policy as particularly threatening and divisive. In reality, Greece is simply acting in line with its long-standing political traditions. The question of European unity still lies in the hands of Brussels and Berlin.

Imitating Chavez: A Year of Nationalization in Crimea

Although it began with state-owned assets, the nationalization project in Crimea quickly consumed Ukrainian and Russian private property. One year on, every significant Crimean enterprise is in the hands of local authorities, and there is little hope for privatization.

Economic Turmoil in the Caucasus

Devaluing its currency, Azerbaijan follows its neighbors into a time of economic struggle.
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