Russia, Japan and North Korea’s Nuclear Test

On January 6, 2016, North Korea’s state media announced that the DPRK had successfully tested a hydrogen bomb. North Korea’s nuclear test resulted in a predictable array of international condemnations, but Russia’s harsh response to the DPRK’s belligerent action was especially intriguing.

Image Credit: Presidential Press and Information Office, Kremlin

Russia’s permanent representative to the United Nations, Vladimir Voronkov described North Korea’s nuclear test as a clear violation of international law and a national security threat. Admiral Vladimir Komoyedov, the head of the Russian State Duma’s defense committee echoed Voronkov’s statement, calling North Korea’s nuclear test “frightening” and urging the international community to contain the DPRK’s growing nuclear potential. Following from this rhetoric, Russian diplomats have engaged with their counterparts in the United States, Japan and South Korea. Russia has also not ruled out supporting tougher international sanctions against Kim Jong-un’s regime.

Η Γερμανία, η Merkel και ο Nord Stream2

Σαν να μην ήταν αρκετά άσχημα τα πράγματα για την Angela Merkel, η Γερμανίδα Καγκελάριος δέχεται "επίθεση" από τα δεξιά, αριστερά και από το κέντρο, στο εσωτερικό και στο εξωτερικό της χώρας της για την (αργά τροποποιημένη) πολιτική ανοιχτών θυρών προς τους πρόσφυγες. Πολλές από τις 28 χώρες της ΕΕ έχουν ήδη κλείσει τα σύνορά τους, αρνήθηκαν να παρέχουν ασφάλεια για τα εκατομμύρια που προσπαθούν να ξεφύγουν από τους πολέμους στο Ιράκ και στη Συρία.

TERRORISM IN PARIS: AUX ARMES, CITOYENS?

Western indecision in Syria has allowed Daesh to grow strong, and enabled it to attack Europe. The Western response must be resolute abroad, and subtle at home, if it is to defeat Islamist extremism.

Sometimes an event occurs that should create clarity of purpose and lucidity of priorities. The Paris attacks are such an event. The tragedy must galvanise European and international support for a co-ordinated offensive against Daesh. Yet questions remain about how best to deal with terrorism at home.

How the internationalisation of China’s currency could offset the global trade slowdown

The  start of 2016 has seen a tumultuous start for the global financial system. Oil prices have descended below $30 a barrel and economic developments in China have brought episodes of volatility - trading in the Shanghai Composite Index was halted twice in the first week of the year due to sharp selling.

While the slowdown in China has understandably made the markets nervous, it’s worth pointing out that with an estimated $4 trillion in foreign exchange reserves, the opening up of the Chinese financial system and the internationalisation of the renminbi (RMB) are likely to have a significant impact on the global economy.