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Archive for May, 2007

Economic Growth in the Euro Area - No Time to Relax

Tuesday, May 8th, 2007

Europe is growing, and more strongly than was thought only a few months ago – that’s the positive message to come out of the European Commission’s spring economic forecasts, published on May 7th. Growth of 2.7% in 2006 represents the best performance by the euro area since 2000, and … Continue Reading…

Why Prime Minister Gordon Brown must say sorry for Iraq

Tuesday, May 8th, 2007

On Thursday this week, British Prime Minister Tony Blair will announce the date he will step down as premier, all but cementing a July handover to his long time political friend and rival Gordon Brown. As Chancellor Brown moves nextdoor into Number 10 Downing Street, he faces some big challenges on the economy and on reinvigorating the domestic policy agenda. But the only way he will be able to make the necessary break with the Blair era and restore the Labour Party’s electoral fortunes is to offer a full and unequivocal apology for the mistakes of the government’s policy towards Iraq. Continue Reading…

Gul withdraws candidacy for Presidency

Sunday, May 6th, 2007

Foreign Minister Abdullah Gul who is the only candidate for the Presidency has today withdrawn his candidacy. Gul’s withdrawal does not come as a surprise as in the repeat first round of the presidential vote in the Parliament the required 2/3 quorum coul dnot be attained. Announcing the withdrawal of … Continue Reading…

Sarkozy’s victory

Sunday, May 6th, 2007

Sarkozy was elected with 53/54% of the votes over Royal with 46/47%. Definitive results late in the night.

In his first speech as the new President of France, Sarkozy insisted on the need to “go back to work”, to restore authority and order, without leaving anyone on the side and by … Continue Reading…

Tony Blair’s Final Countdown

Friday, May 4th, 2007

The final few days of British Prime Minister Tony Blair’s time in office are well and truly underway. Damaged by the hugely unpopular Iraq War, and having already committed to resigning before September this year, he has now said he will announce his plans within the next week – beginning … Continue Reading…

Turkey’s Crisis: Getting the facts straight

Thursday, May 3rd, 2007

Since there has been considerable confusion about the current political crisis in Turkey let me explain who is who and what is happening and why it matters.

The Facts:

The current constitution requires the President to be elected by the Parliament. The Turkish Parliament is made up of 550 MPs. A 2/3 … Continue Reading…

Last debate between Sarkozy and Royal: no real winner?

Thursday, May 3rd, 2007

“Those who were scared Sarkosy would lose his temper were reassured, those who feared Royal would not be able to sustain the exchange with such a difficult competitor were relieved”. This is the conclusion of a well known French political analyst following the debate which took place yesterday night between … Continue Reading…

What’s up few days before the French vote again?

Tuesday, May 1st, 2007

It is now only 5 days before the French will vote again and elect their new President. Few random thoughts about what is going on.

  • On April 27th, Ségolène Royal and François Bayrou (who got 18% of the votes in the first round) had a debate broadcasted on French radio … Continue Reading…