Analysis

Why Trump?

As I have traveled around the world in recent weeks, I am repeatedly asked two questions: Is it conceivable that Donald Trump could win the US presidency? And how did his candidacy get this far in the first place?
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Resolving Europe’s banking crisis in Italy

The European banking sector is crippled and highly fragmented. Though its problems are more acute for some countries and financial institutions, the sector runs on a level of profitability that is, on average, lower than its cost of equity and maintains a stock of non-performing loans and hard-to-value assets large enough to undermine its capitalization for years to come.
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Europe after Merkel

Next year, Germany will hold a federal election, and the new Bundestag will choose the country’s next chancellor. Whether or not Angela Merkel retains the role – at the moment, things are not looking good for her or her Christian Democratic Union (CDU) – one thing is certain: Germany’s chancellor will no longer be de facto Chancellor of Europe.
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Leading the Future

New technologies are emerging so rapidly that we are now having trouble coping with their impact on society. By affecting everything from the nature of work to what it means to be human, technological changes could overwhelm us if we do not collaborate to understand and manage them.
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A Path to Self-Reliance for Afghanistan

The Brussels Conference on Afghanistan this week marks an important opportunity to create a roadmap for the country’s future. While Afghanistan’s current path has led to some progress, it is far from the most direct route to prosperity – not least because of deep flaws in aid delivery and domestic governance.
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A Virtuous Cycle for Conservation

Poor and rural people around the world rely on plants and animals for shelter, food, income, and medicine. In fact, the United Nations Sustainable Development Goal (SDG 15) on sustainable ecosystems acknowledges many developing societies’ close relationship with nature when it calls for increased “capacity of local communities to pursue sustainable livelihood opportunities.
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Saving Europe by reversing Brexit

“Never let a crisis go to waste” has always been one of the European Union’s guiding principles. But what about five simultaneous crises? Today, the EU faces what Frans Timmermans, European Commission Vice President, describes as a “multi-crisis”: Brexit, refugee flows, fiscal austerity, geopolitical threats from East and South, and “illiberal democracy” in central Europe.
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Europe’s leadership crisis

The European Union’s list of crises keeps growing. But, beyond the United Kingdom’s “Brexit” vote to leave the bloc, Poland’s constitutional-court imbroglio, Russian expansionism, migrants and refugees, and resurgent nationalism, the greatest threat to the EU comes from within: a crisis of political leadership is paralyzing its institutions.
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Turning off the dividend spigot [PHOTO]

European banks’ high litigation and restructuring costs have resulted in major losses on their books and abysmal stock-market performance. As the industry and European regulators now reflect on this dismal state of affairs and search for solutions, they should consider banks’ revenue distribution – including employee bonuses and shareholder dividends – as part of the problem.
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