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2. Economic Diplomacy: The impact of Russia’s growing role on the Lebanese crisis
- Author:
- Nawar Samad
- Publication Date:
- 07-2021
- Content Type:
- Commentary and Analysis
- Institution:
- Future for Advanced Research and Studies (FARAS)
- Abstract:
- A Russian business delegation visited Lebanon in late June 2021 to offer support to the country by cultivating projects in the oil sector, development plans for the energy industry as well as the ports in Beirut and Tripoli. For the past two years, Lebanon, which is going through the worst economic and financial crisis in its history, and has been trying to secure international aid to survive, is now facing the attractive Russian economic bailout offer. Although such an offer is welcomed by Lebanon, the Russian initiative raises concerns across the West, and particularly in the United States, which is in control of Lebanon’s banking system and still has significant influence on the state’s politics and financial sector. The United States believes that it is not possible to dissociate this Russian offer from Moscow’s desire to expand its influence in a region, in which it already established military presence and gained access to the Eastern Mediterranean, where a conflict is underway over investment of newly-discovered gas fields.
- Topic:
- Diplomacy, Economics, Financial Crisis, and Gas
- Political Geography:
- Russia, Eurasia, Middle East, and Lebanon
3. Beyond Coronabonds: A New Constituent for Europe
- Author:
- Nicoletta Pirozzi
- Publication Date:
- 04-2020
- Content Type:
- Commentary and Analysis
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Every era has its symbols. In 1984, Mitterrand and Kohl held hands on the battlefield in Verdun, coming to symbolise the importance of peace in the pursuit of European integration. Today, in times of COVID-19, the so-called “Coronabonds” could have emerged as the symbol of a new Europe, one that is ready and able to do what it takes to collectively overcome the present crisis. Yet, what some member states consider an indispensable emblem of European solidarity, namely debt mutualisation to face an unprecedented symmetric crisis brought about by COVID-19, is regarded by others as an ultimate excuse for moral hazard. As a result, Europe could end up with a politically more digestible European Fund, as proposed by Commissioners Paolo Gentiloni and Thierry Breton, designed to issue long-term bonds.[1] Or, as outlined by the Eurogroup, a Recovery Fund that is “temporary, targeted and commensurate” to the extraordinary costs of the current crisis, helping to spread them across time.
- Topic:
- Financial Crisis, Governance, Finance, Economy, and Coronavirus
- Political Geography:
- Europe and European Union
4. Assessing Israel Katz’s First Year as Foreign Minister
- Author:
- Nimrod Goren
- Publication Date:
- 02-2020
- Content Type:
- Commentary and Analysis
- Institution:
- Mitvim: The Israeli Institute for Regional Foreign Policies
- Abstract:
- In February 2019, Israel Katz was named Israel’s interim foreign minister, and three months later his appointment became permanent. This ended a period of almost four-years without a fulltime foreign minister, during which the Ministry of Foreign Affairs (MFA) significantly declined. A year into Katz’s term, an assessment can be made as to whether his appointment has strengthened the MFA and left a policy imprint. This, while taking into consideration the turmoil in Israeli politics since early 2019 and the understanding that deeper change requires a ministerial tenure longer than a year. This article sums up Katz’s first year on the job, based on media reports and information published by the MFA. It examines both intra-ministerial and policy aspects, and concludes that Katz is operating in Netanyahu’s heavy shadow, has failed to address the deep budgetary crisis faced by the MFA, and has focused on developing ties with Gulf States and combatting anti-Semitism.
- Topic:
- Government, Politics, Financial Crisis, and Benjamin Netanyahu
- Political Geography:
- Middle East, Israel, and Gulf Nations
5. The Politics of Lebanon’s Economic Collapse
- Author:
- Paul Rivlin
- Publication Date:
- 11-2019
- Content Type:
- Commentary and Analysis
- Institution:
- Moshe Dayan Center for Middle Eastern and African Studies
- Abstract:
- In the current issue of Iqtisadi, Paul Rivlin discusses the economic conditions that led to the current protest movement in Lebanon, focusing on the origins and impact of the banking crisis and how it relates to the political system.
- Topic:
- Politics, Financial Crisis, Economy, and Protests
- Political Geography:
- Middle East and Lebanon