Europe – be careful what you wish for!

French Finance Minister Bruno Le Maire has told French radio that U.S. President Donald Trump’s decision to withdraw from the Iran nuclear deal was a mistake, adding that the United States should not consider itself as the world’s “economic policeman.” The Europeans, in particular the British, French and Germans, are…

Read More

AfD split as co-leader Petry resigns from party

In our report yesterday on the German federal elections, we pointed out that The AfD itself, however, is split between pragmatic politicians willing to compromise with other parties and right-wing nationalists who are expected to use the platform offered by the Bundestag to announce principled opposition based on outright racist…

Read More

German elections see “nationalist” breakthrough – and Europe is “shocked” once again

The German federal elections on 24 September 2017 confirm ESC’s long-standing analysis of Western politics that: western politicians are out of touch, arrogant and uninterested in the views of the electorate the West’s commentariat is equally out of touch, arrogant and uninterested in the views of the electorate millions of…

Read More

Show Me The Money

Much of the West is effectively bankrupt and insolvent. The developing world is not much better off. France’s cumulative debt of government, households and businesses amounts to 250% of GDP, an increase of 66% since 2007. That figure excludes unfunded pension and health-care liabilities. six largest pension saving systems –…

Read More

The Economist behind the curve and still struggling to get it

The Economist has just published two odd articles which, like so much analysis nowadays, are far behind the curve. In an article “A portrait of Migrantland – explaining Britain’s immigration paradox,” The Economist asked uncomprehendingly “Migration is good for the economy. So why are the places with the biggest influxes…

Read More

The Immigration Myth

A tipping point has been reached across the West where immigration is increasingly regarded as unacceptable across all economic and educational classes. The indigenous population sees new immigrants as competitors for their jobs, sucking precious social welfare funds to support mass immigration, providing cover for terrorism, importing precepts and demands…

Read More

Long-Term Strategy Needed for Success in Russia: German-Russian Chamber of Commerce

Michael Harms, Chairman of the German-Russian Chamber of Commerce, is bullish on doing business in Russia, but encourages foreign investors to take the long view of working in the country. What are some of the general challenges of working on the Russian market? There are both current issues and strategic challenges. Since about 2009 and the financial crisis, the Russian economy has been largely…

Read More