The Greek coast guard opened warning fire on a Turkish cargo ship in the Aegean Sea off the coast of Rhodes island on Monday. The cargo ship named M/V ACT was carrying steel from the southern port of İskenderun to İzmit in the northwest when the Greek coast guard called on the ship to divert its course to Rhodes, Turkey-based Deniz Haber Ajansı reported. Source Daily Sabah
Russian President Vladimir Putin and North Korean leader Kim Jong Un will meet in Russia later this month, the Kremlin announced Thursday. Source: CNN
“The Western liberal model of development, which particularly stipulates a partial loss of national sovereignty – this is what our Western colleagues aimed at when they invented what they called globalization – is losing its attractiveness and is no more viewed as a perfect model for all. Moreover, many people in the very western countries are skeptical about it,” Lavrov said. Source: Tass
Gefira tracks the global players in Europe, the USA, Russia and China and anticipates the consequences of their policies
Gefira No. 9 is now available at a discount. 160 euros for 10 issues a year plus access to our archives.
Europe's geopolitical situation resembles that of 1913.
The enlargement of the European Union to the east, Germany's Ostpolitik, economic power and its reluctance to align its policy with France's and Italy's make the break-up of the Union unavoidable. While Germany is gaining a status of a financial superstar, German society is starting to disintegrate.
Nobody dares to ask, but the ECB board is bracing itself for the upcoming break-up of the euro. The Gefira team explains why France or Italy will leave the euro and we investigate how the ECB is preparing for the looming euro collapse.
