Archives Economic crisis - Page 2 of 7 - New Eastern Outlook

Recently, the European Union and other Western European states have been facing a growing crisis. This state of affairs was best characterised by French President E. Macron, who in several speeches at the end of April and beginning of May stated that Europe was in mortal danger. He also stressed that “everything could fall apart very quickly”. Some Russian political analysts believe that for the past two years the economies of most European Union countries have been in a virtual standstill, especially Germany, which Bloomberg has dubbed “the sick man of Europe”…

Military conflict usually begins with violations of international law and leads to disregard of all norms and conventions. Alas, the “laws” of war have their own logic, when some attack without considering the tragedy of masses of civilians and without choosing humane weapons, while others are forced to defend themselves by any means necessary to save their lives. In today’s turbulent world, when the foundations of the former world order and global security have been shaken, the institutions of international law often lose strength and prove ineffective in the face of the threat of local and regional conflicts…

The European Union is facing a severe crisis marked by unfulfilled promises of democracy, equal exchange, and shared prosperity. The situation is particularly dire for some EU nations, with Greece, according to a recent Financial Times report, on the brink of becoming the poorest member of the EU. Despite Bulgaria currently holding that position, its economic trajectory is set to overtake that of its southern neighbor…