Prince Michael of Liechtenstein

  Recent developments in politics, economics and social cohesion are troubling for Europe. France is on the brink of bankruptcy, with deficits still around 6 percent of gross domestic product (GDP). Other countries – including Germany – are not much better off when one considers not only the official debt but also implicit debt. Implicit […]

  After United States President Donald Trump’s bilateral meeting with Russian President Vladimir Putin in Alaska, a summit was held in Washington, D.C., with Ukrainian President Volodymyr Zelenskiy and the leaders of major European countries, NATO and the European Commission. The staging of these meetings was already significant. Alaska, once Russian territory, sits where the U.S. meets geographically with […]

  The world is becoming increasingly fragmented. This fragmentation is political, geographic, ideological and economic, and it significantly affects trade, the division of labor and capital, supply chains, investments and markets. The repercussions extend beyond business, influencing every aspect of life and posing a substantial challenge to prosperity. This trend did not start with United […]

  The world is rearming. Conflicts, including potential ones, are making headlines: Ukraine, Taiwan, the Middle East. Other terrible wars on the sidelines of public attention are raging with tremendous bloodshed in Eastern Congo, Sudan and Myanmar. The Trump administration wanted to end the wars in Ukraine and the Middle East, but despite considerable effort, […]

  In March 2000, European Union leaders launched the Lisbon Strategy, an ambitious vision to make the EU the world’s most competitive economy by 2010. The goal was to foster a knowledge-based economy and a seamless internal market. Since then, the commitment has been repeated like a mantra – but the target date has continually been […]