Monday, August 30, 2010

Zone 3- Euro-Americas Summary Week # 132

WESTERN EUROPE

Political Issues

It appears the European Socialist Party is losing grip of popular support as demonstrated by the last EU election. In a bid to reorganize itself, the party is proposing to adopt U.S-style primaries for electing EU commission president.

Economic Issues

The austerity measures unfolding in the UK is a clear indication that the British government is not undertaking anything novel from the trend across Europe. The new British government has planned cutting public spending and closing up certain sections of the economic sectors. Like elsewhere in Europe, Britons are not that comfortable with the austerity plans.

Solidarity is yet to gain full ground within the European Union, the Greek financial crisis gives a testimony to that fact and the recent retraction by the Slovak government not to contribute in the whole €110 billion EU-IMF package for weak economies like Greek further enunciate the situation. Meanwhile, Brussels is geared at cutting of its bureaucratic finances, a demand by member states, asking Brussels to undertake austerity measures as seen across Europe.

Despite enjoying the financial bailout of EU-IMF and keeping austerity measures, the Greek economy is reported to be shrinking and faces 12% of unemployment

Meanwhile the German economy was reported with a surge, a record high since the reunification of the Germany. The growth of the German industrial sectors and competitiveness within the Eurozone contribute to soar. Economy growth is also true for Spain but punctuated by pessimism due to fluctuation in the economy. European market however recorded a drop in shares.

Social/Humanitarian Issue

Britain’s advertising watchdog has banned the anti-terrorism advert asking neighbors to be vigilant and to report people acting inwardly in the neighborhood to police. The ban is intended to curb erroneous reporting and unnecessary harassment of good citizens.

Still in Britain, the immunity granted to security officers to treat suspected terrorist wickedly will no more be condone. The British Crown Prosecution Service has ordered the trial of Scotland Yard policemen who criminally maltreated Babar Ahmad, suspected for terrorism.

Hamburg authorities finally shut down Masjid Taiba in Hamburg, known previously as Al Quds mosque, purportedly used by 9/11 attackers. Hamburg intelligence suggests it is grooming Germans for violence.

Tariq Ramadan could not prove himself right before the court, as an Amsterdam court threw out his wrongful dismissal lawsuit. The court observed that Ramadan does not recognize the gravity of his programme aired by an Iranian channel on the public.

The trouble of Google, the Internet giant is yet to be over in Europe over its Street view programme. Germans are opting out from Google’s programme on the ground their privacy is not protected by the programme.

The expulsion and destruction of Roma’s houses from France further rings the bell that troubles for Roma are unfinished. The extent to the expulsion plan will favor French President Nicolas Sarkozy politically is an unanswered question.

Food, Environment and Energy Issue

The Portuguese government is diverting attention more closely to renewable resources as a way of reducing dependence on fossil fuel and creating a cleaner environment. The oil spill at the Gulf of Mexico is making governments to having a rethink over fossil fuel and at the same time facilitating a diversified energy source.

Geostrategic Issues

The European Union is on the verge of reconsidering its relations with Pakistan. The bloc is expected to boost economic ties with Pakistan by adding Islamabad into its Generalised System of Preferences (GSP) scheme but quality production will determine Pakistan’s eligibility to the scheme. Meanwhile the bloc has not closed its eye towards humanitarian aid for flood victims.

An international peace mediation workshop was recently organized by the European Commission (EC) and the Crisis Management Initiative (CMI) in Jakarta to promote cooperation between ASEAN and the European Union (EU) on conflict mediation and prevention in the region.

The plan by the British government to cut military budget cannot be disconnected from the wave of economic situation and budget cut across Europe. The proposal comes amid the announcement of U.S Defense Secretary planning to reduce Pentagon’s spending.

As EU-Russia relation moves around mutual understanding, it was a surprise for the bloc to know that Russia has stationed S-300 ground-to-air missiles in Georgia's disputed Abkhazia region. Both parties are not in mood of brawl but Russia’s action suggest Moscow still want its hegemony recognize in the neighborhood

RUSSIA & ITS NEIGHBORS

Political Issues

Dagestan-Russian back government has planed to initiate militia within the region to combat Mujahideen with the aim of reducing cost of using either Dagestan’s police or Russia forces. The militias are to be inducted on contract basis among youth wanting better life option.

Polish President Bronislaw Komorowski has been sworn in, in an inaugural punctuated with pledge of promoting sound economy and boosting solidarity among various political parties and the most important institutions of the state such as the government, the parliament.

It is the first step of success for the Czech Republic's centre-right government led by Prime Minister Petr Necas, to have won a confidence vote in parliament and a parliamentary approval to cut budget and reform pensions and health care.

With the increasingly Belarus-Russia misgiving, Moscow is being tempted to meddle in Belarus forthcoming election by supporting a candidate against incumbent Aleksander Lukashenko. Political meddling could also be true for Moldova, where the joint action of Russia and Ukraine aimed to bring breakaway province of Transdniestria under control along with the rest of Moldova.

Economic Issues

According to the Federal Statistics Service in Moscow, Russian gross domestic product grew 5.2 percent from a year earlier, compared with 2.9 percent growth in the January-March period.

Russia's battered auto industry could have a cause to thank the government due to the additional funds infused into the sector to supporting traders trading in domestically made cars aged 10 years or older. The cash for clunkers programme is expected to balloon the car industry to 15% growth during this year.

EU and Ukraine are expecting to start the next round of negotiations on creating a free trade zone in early October. The two sides will discuss issues related to access of goods, particularly agricultural products, customs tariffs, domestic support of agriculture, sanitary and protection of intellectual property rights.

Despite the need of IMF, the Ukrainian Communist party is questioning government further relation with IMF on the ground that existing IMF conditions are affecting the people.

The Robin Hood tax championed by the Hungarian government has been set rolling. Huge tax is demanded from the rich industrial sectors, so as to pay the taxes of the poor, a measure for closing the deficit gap of the economy. Prime Minister Viktor Orban, whose party won recent election called on the country to ride itself from the claws of IMF and has planned not to further cut budget has demanded by the financial institution. Doing this will be following Malaysia and Turkey’s way when both countries rejected IMF in order to stabilize their economies.

Polish commissioner in charge of the EU budget, Janusz Lewandowski, has said new proposal regarding extending the EU Tax structure by levying new taxes on the financial sector will definitely boast the EU revenue sources about €30 billion to €40 billion a year. France, UK and Germany have been opposing the plans for creating an EU tax.

Czech economy got a positive rating from S&P, as an economy having a stable debt with a sixth-highest investment grade. Meanwhile, Czech Republic has rejected North Korea’s mode for debt payment. The Communist state wants Czech to write off lion share of its debt and ready to pay $10 million in debt in form of ginseng.

The visit of International Monetary Fund (IMF) to Latvia is productive for the latter as IMF announced to provide Latvia with another loan tranche of 105.8 million Euros (135.6 million US dollars).

According to Statistics Estonia, gross domestic product (GDP) grew 3.5 per cent from April to June compared to the same period last year, putting Estonia behind only Sweden among European Union members in its growth rate.

Social/Humanitarian Issue

There has been an increasingly demand for a change in Russia with particular reference to its political and social structure. During the last week Russian Human Rights activists were apprehended by security agents for staging anti-government protest. Will the arrest further spell out the view that government does not entertain alternative view?

Russian marks ten years since the Kursk submarine disaster, analyses are pouring in on the eventual cause of the disaster with a more striking account that the accident could not be disconnected from the Cold War arms struggle between US and Russia.

Russia is unhappy with the U. S. Department of State's Country Report on Terrorism 2009 covering Georgia, the report was rejected by Russia as biased accusing Russia of exporting terrorism while fell short to mention Tbilisi’s dealing with terrorist groups in the North Caucasus region.

The Hungarian oppositions have rejected government’s huge influence on country’s media, calling for a democratic media institution in a new Globalized world.

Food, Environment and Energy Issue

After a protracted construction of the first light water nuclear plant by Russia for Iran, the former said the plant is completed and ready to be loaded with nuclear fuel. The announcement has garnered another wave of hostility and suspicion from the West.

Russian wildfire accidents have caused the economy $15 Billion, hugely affected its grain production and made the government prohibits export of the cash crop. The prohibition is causing food prices hysteria across Europe and among Russia neighbors. But the authority cautioned that export is possible only if the grain harvest reaches 65 million tons.

The Russian government understands the extent to which the wildfire has havocked the economy; therefore promised to grant $1.15 billion in state support, coupled with that is the $4.5 million donation from the United States and 100,000 Euros of assistance delivered by Estonia.

. Russia-Belarus argument is resurfacing yet on Belarus nuclear plant. Minsk wants transparency from Russia to build the plant on its soil; otherwise Belarus will be considering other investor as China has shown interest.

Geostrategic Issues

Unhappy with its moribund defense hardware and system, Russian government is increasing its military spending and that is manifesting in the latest military crafts and hardware ready to be showcase by the Russian defense ministry.

Reciprocity is demanded by Belarus before it could recognize Abkhazia and South Ossetia. Lukashenko believes Russia is not ready to help out on the eventual consequences of such recognition as relations with U.S, EU and CIS could be strained.

Georgia is yet to consider Abkhazia as an independent state, thus Abkhazia and its waters are considered as part of Georgian territory. Therefore the plan by Russia to help Abkhazia build up sea border patrols around the Black Sea will be nothing less than an affront to Georgia sovereignty.

US/CANADA

Political Issues

The on-going election primaries in the U.S are portrayed as a challenge between the establishment and change vanguard. The two larger political parties have been politicizing everything possible in a bid to woo as many voters, come midterm elections.

As Defence Secretary Robert Gates pushes for a cut in Pentagon spending, he is more likely to meet the irritation of the Congress and the Department bureaucracy. Obama’s administration welcomes the proposal as an alternative for funding the two exhausted wars. The cut will affect many sections and functions will be eliminated or reassigned.

George Friedman argues in his article “Arizona, Borderlands and U.S.-Mexican Relations” published in Stratfor that U.S-Mexican relation comes a long way. The U.S might have militarily defeated Mexico, but the trend of both legal and illegal immigration across the border from Mexico into United States is a cultural reconquest by the Mexican of the American society.

Political fluctuation in Canada puts both ruling conservative and liberal opposition at a weak end. Having a majority vote is the benchmark of ruling the parliament solely, which both parties do not have. The conservative is reviewing its plan of converting Canadian mandatory census for to voluntary form. The proposed change has been a setback and brought the government under fire. The government believes the change will protect privacy, but rejected by the people.

Economic Issues

The slow pace of economic recovery recorded by the Federal Reserve Open Market Committee could be dangerous for the Obama’s administration and democrat party come midterm elections. Americans are not satisfied with their level of joblessness and low level spending.

The interconnectedness of global economy remains undisputed as global market saw a drop due to slow pace of the American economy and the cooling of Chinese economy. The economic concern accentuates the fear of how long global recovery will take before stabilization.

Social/Humanitarian Issue

As tension mounts across American states over intended public visibility of Muslim, the trend appears to be a crossover syndrome from Europe where similar tension particularly on veiled women has increased more recently. Americans are divided on this debate and the question of singling out a particular faith is surfacing.

A Canadian judge rejected Taser International Inc's bid to quash the findings of a government inquiry that said stun guns could be lethal and which urged police to restrict their use.

The recent action by the Canadian government on immigrant ship destined for Canada is said to be hyper as the government failed to ascertain the authenticity and exigent need of the boaters before rejecting them.

Geostrategic Issues

Some members of the U.S Congress are against the decision of sending military assistance to the Lebanese army on ground that it might end up with Hezbollah. This heightens Lebanese’s grievance that Washington is playing an unfair game simply because of Israeli involvement.

It was seen as a fulfillment of campaign promise, but the policy of Iraq withdrawal is expected to affect the war torn country. Iraq is believed not to be ripe enough for withdrawal owing to the numerous issues contending the country and as a former Iraqi leader observed, American withdrawal will amount to leaving the country to wolves. Similarly, American military officers in Afghanistan are worried for any troop withdrawal because situation in the country does not warrant such troop reduction.

LATIN AMERICA

Political Issues

Brazilian presidential aspirant, Mr. Serra is taking a strong stance against current policy adopted by Lula’s government. Serra from the PSDB party wants Brazil to keep off from meddling in Venezuela-Colombia imbroglio and in U.S-Iran political standoff. This statement came amid the intention of President Lula to visit Bogota and Caracas in a bid to foster multilateral cooperation, although Lula believes FARC issue is Colombia’s internal matter and neighbors should not be thrown blames, Brazil though said it will help combat FARC if requested.

Newly elected president of Colombia Mr. Santos is calling for a peaceful neighborhood and co-existence with Venezuela despite their current tension and also ready for negotiation with FARC rebel if the latter will renounce violence. Santos’ inauguration was an avenue to resolve many pending issues within the region. It was an occasion graced by regional leaders and China was also represented.

Mexican President Calderon plans to intensify effort on money laundering along fighting drug cartel whose sphere of influence is also visible in other illicit businesses. Meanwhile as violence exacerbates and most Mexicans get more tensed, sizeable no. of Mexicans according to PEW survey support military action against drug cartels. Meanwhile former President Fox insinuated that Mexico’s drug problem can be solved if the drug is legalized.

Retired Venezuelan military generals are to face conspiracy trial soon because they questioned the uncautioned presence of Cuban military in Venezuelan strategic military institutions, a view rejected by the government as baseless.

President Chavez continues to make headway in his twitter account, garnering followers daily. Chavez believes that with the social network his message can travel wide.

Economic Issues

Brazil’s finance ministry is forecasting a growth of the economy around 5.7%, the economy has experience an rapid growth more recently and drew world attention.

Colombian President Santos has alot on his shoulder to accomplished, especially lifting the economy from its current stage. Crisis with Venezuela and internal skirmishes are factors hampering Colombian economy, all of which Santos must face.

Venezuela claims its economy is slowly walking out from recession as unemployment rate declines and the economy is rebounding.

Social/Humanitarian Issue

Chile's copper reserve is over 200 million tons, almost one third of the world's reserve. But the recent accident at one of its mines killing 22 persons made Chile’s president shorten her Colombia visit for inauguration of the Colombian presidential.

Opening a new dimension to the tension between both countries, an attorney from Bogota is reported to have filed a case on behalf of victims of FARC against President Hugo Chavez at International Court of Justice for abetting FARC, accused of killing many Colombians.

Food, Environment and Energy Issue

Argentine government plans to increase its level of soy production, being the crop largest exporter, Argentina will also be increasing its wheat production due to wheat scarcity in global market.

Argentina and Bolivia have entered into an energy agreement allowing the latter to supply 27 million cubic natural gas daily to northern Argentina province of Salta.

As the world faces the menace of global warming and climate change, every government hopes to make policy that will reduce the threat. Hence, the Brazilian government announces a 49% reduction in deforestation, an achievement tied to better environmental policies.

Mexican government is increasing its effort to combat health problems menacing the country with a support from China. At the same time, Mexico wants the world to pay serious attention to environment related issue as global warming and climate worries the globe.

Geostrategic Issues

There is an increasingly scope for growth and cooperation between South America and Africa. Both continents are re-channeling their resource towards the progress of global south and the recent bi-continental summit held in Venezuela heightened that prospect.

Venezuela’s bid for MERCOSUR membership is yet unfulfilled due to the rejection by the Paraguayan parliament arguing against Chavez’s aggressive policy in the region. Venezuela wants the U.S ambassador to Caracas be changed due to his interference in domestic issue.

AUSTRALASIA

Political Issues

As the Australian nation prepares for knife-edge elections, the ruling labour and liberal opposition parties wrestle over the best domestic and foreign policies for Australia. According to polls, the outcome of the election could result to the first hung parliament in 70 years.

The ruling party sees China and Asia-Pacific region as focal point, while the opposition believes Canberra should reduce reliance on Beijing and plans to sell uranium to India if elected even though it is against Australia’s policy to sell its substance to country outside the NPT.

China is calling for a new level of military relations with Australia with the aim of fortifying the pacific and Asia in general; although such level of military ties might not go down well with the U.S.

Economic Issues

Australia economy was one of the least affected by the recent past global financial crisis. The economy was fortified and quickly recovered along with other larger Asian economies. Nonetheless, Qantas, Australia’s largest airliner reported a profit drop, but is still optimistic owing to its financial backup.

Social/Humanitarian Issue

Australian Labour government under ex-PM Rudd Kevin made a landmark apology to the aborigine community for ills done against them, despite the apology according to Amnesty International the aborigine communities are still lagging behind. The plight of this community is said to be missing in the election talk as parties woo voters. §

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Business and Politics in the Muslim World (BPM)refers to the project entitled, "Globalized Business and Politics: A View from the Muslim World.' The blog development project has been undertaken and jointly developed by the Gilani Research Foundation and BPM as a free resource and social discussion tool.
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Monday, August 23, 2010

Zone 3- Euro-Americas Summary Week # 131

Week # 131 – Dated 1st- 7th August, 2010

WESTERN EUROPE

Political Issues

In Italy the inability of the opposition to get through a vote of no-confidence against the ruling government indicates that despite the recent infighting Silvio Berlusconi's government can still move on irrespective of the political storm.

The libertarian Pirate Party in Sweden wants the country to revert its child pornography laws back to the form that existed before 1999, meant to disallow abuse of the law by law enforcement.

In the cyber world UAE government has banned the Blackberry on security grounds, but the European Commission is far from doing the same with iPhone, believed to be security fortified, even after a German security office alerted on its vulnerability.

As the United States government battles with Wikileaks, a Swedish website says it is ready to champion the cause of freedom of speech by helping to launch Wikileaks accused by the American government of declassifying sensitive information to the public.

A recently published report by Eurostat on the EU graphically explains the expenditures of the bloc on technical issues. According to the publication, the EU expended more than €601m on "external advice" between 2005 and 2008, €84,000 used as payment for those drawing up questionnaire asking EU officials about their career plans, while the European Commission spent €150m a year on consultants.

Economic Issues

Eurozone financial crisis did not exempt the big European markets like France from its impact. The French economy was recorded to have suffered huge deficit, but that trend is beginning to change as the economy picked pace due to exportation of transportation equipment which was instrumental for deficit reduction.

EU and IMF are standing by the Greek government on its economic reforms aimed at bailing the recessed economy and as measure to getting more funds from the two institutions. The Greek government economic reforms have not been receptive to the people, protesting the reforms with national strike actions.

European Central Bank chief sent a strong note of caution to the members of Eurozone about being complacent with the economy rather should expect a slow growth in the second half of the year. The message is a pointer that Eurozone recession will take more time to stabilize.

As Liberia leaves its past for a democratic reconstruction, western countries have not shunned their look from this West African country. The European Commission recently allocated an extra €10 million in humanitarian aid for Liberia.

Social/Humanitarian Issue

Despite its border tight policy the EU is recording an increase in asylum seekers and irregular and illegal border-crossers. The fact indicates that the United States will not be alone in the fight against illegal immigration, similarly the rise further prove the increasing population of Europe characterize by immigrants.

Google has announced that starting September 14th, it will allow European markets to bid on brand names as keywords, something it already allows North America, Ireland, and the UK to do. This will allow advertisers to have their ads show up when users search

Food, Environment and Energy Issue

Nuclear talk between the EU and Iran remains unsettled over the allegation that Tehran is not ready for a compromise with the western world. Despite the impasses which culminated in the recent EU sanctions, the EU foreign office still wants a dialogue with Tehran, but once again could the stick and carrot policy works for Iran?

The British Prime Minister has once again made a confrontational foreign policy statement. David Cameron slipped by saying that Iran has nuclear bomb, a fact unacceptable to Labour opposition.

The EU is speaking out against countries that have not been able to live to expectation after the Copenhagen climate summit. The EU urges countries to do a "fair share" of gas cuts, as the menace of global warming and climate change intensifies.

The Family Farmers Association in Britain has called on the European Commission to provide ongoing financial support for working livestock producers and growers who are unable to make a living from agriculture.

Geo-strategic Issues

The European Commission believes the newly imposed $14 fee by the US government on travelers under the visa waivers system is unattainable as it hurt the agreement between EU and US. The Commission is reviewing the fee and could do the same for US travelers coming to EU.

The appointment of Rosalind Marsden, a British career diplomat by Catherine Ashton, the EU's foreign policy chief, to help in preparations for a referendum on independence for South Sudan and in peace efforts in Darfur, shows the extent to which Sudan remains under EU’s radar.

Yet the EU is exiting her security adviser from Guinea Bissau on the ground of political unrest. The EU accuses the West African country of lacking political instability and respect for rule of law.

The EU has offered Rwanda informal support in its forthcoming elections. Unlike EU usual practice of sending monitoring group, the bloc only sent four experts to do an internal analysis, a report meant to be internally used by the EU.

Despite what opposition called inexperience in foreign affairs matter, Prime Minister David Cameron appears to be committed along with other world leader to putting life back in the Middle East peace talk. While on a separate note, the British premier welcomed the Pakistani President Asif Zardari in London.

CENTRAL & EASTERN EUROPE

Political Issues

As part of its longing for the EU visa liberalization scheme, Albanian Prime Minister Sali Berisha has called on local institutions to complete the questionnaire sent by the European Commission. Albania hopes to join others that are now part of the scheme. Albania has also increased its presence in Afghanistan, showing its commitment as a NATO member.

Political division in Bosnian parliament could further isolate the country from the EU. The parliament has not been able to resolve and adopt a law on holding a national population census.

Sentencing former parliament member Vladimir Glavas of Croatian Democratic Party of Slavonia and Baranja (HDSSB) to ten year prison terms for war crimes against Serbian civilians during the 1991-1995 war has caused uproar between the judiciary and the political party. HDSSB claims Glavas is punished for shifting political party.

Kosovo Foreign Minister Skender Hyseni has clearly said during his visit to the UN that Kosovo’s independence is not precedent for any country, while at the same time urging the UN to change its Resolution 1244 upon the recent ICJ rulings. Hyseni nevertheless ruled out any dream of partitioning Kosovo as suggested by Serbia that northern Kosovo should be autonomous.

Extradition rejection of former Bosnia and Herzegovina presidency member Ejup Ganic by a British court wanted by Serbia in connection with a May 1992 attack in Sarajevo against a Yugoslav National Army convoy was another diplomatic setback for Belgrade. Despite the rattling, Belgrade has decided not to appeal the case.

Meanwhile, as Serbia commemorated the 15 years anniversary of Operation Storm, when Croatian military launched offensive on Serbs living in Croatia, refugees of the war are asking Serbia and Croatia to resolve their difference so as to facilitate the return of the refugees.

Economic Issues

Romanian economy will see a boost as the European Commission (EC) releases the third 1.15 billion-euro tranche of the 20 billion-euro loan. The fund became due after all criteria and conditions in the agreement were accomplished.

Geo-strategic Issues

Unlike Albania’s input to NATO, Montenegro is collaborating with EU ATALANTA naval operation, which combats piracy off the Somali coast. Sea piracy is increasingly becoming a global menace and nations are working jointly to put it out.

Italy has joined countries that ratified the Stabilization and Association Agreement (SAA) with Serbia, becoming the fourth EU member state to do so.

RUSSIA & ITS NEIGHBORS

Political Issues

Komorowski, the new Polish president had been sworn in, vowing to build the nation and setting it on the track of economic development. Mr. Kaczynski, the brother of the late president who now leads the opposition boycotted the inauguration.

The funeral of controversial Milan Paumer rekindled the debate over the Czech leader, whom some see as anti-communist hero and others believes to be a murderer. His funeral was however graced by top Czech politicians.

The four party centre-right coalition led by Slovak Prime Minister Iveta Radicova is still struggling to streamline issues troubling the country. The government is challenged by domestic economic, inter-ethnic, political issues and at the same time trying to straighten relations with Hungary.

In Hungary, Prime Minister Viktor Orban’s Fidesz is bent at redirecting the bearing of the country as he vows to keep his country from foreign aid in order to avoid bankruptcy and an ability to make independent economic policies. His foreign policy is also making headline, he irked Slovakia when he extended the right to citizenship to all ethnic Magyars living beyond the country’s borders. Meanwhile, newly elected Hungarian President Pal Schmitt has been officially inaugurated.

Supreme Council of Ukraine’s parliament with a majority votes agreed that local parliamentary elections should be held in autonomous Crimea concurrently with local legislatures throughout Ukraine.

Economic Issues

The increasingly growth of the Russian economy has been added a flavour by IMF, predicting a further growth owing to increase of household incomes and decrease in unemployment. Meanwhile, Russia is interested in Russia-Kuwait economic partnership believes to be vital for both economies.

As Russia faces drought and wildfire affecting its grains and has forced the government to stop export of grains; Asian importers of Russian’s wheat are turning towards United States as an alternative.

Reducing public spending and deficit are part of the plans of Polish Prime Minister Donald Tusk, whose country enjoys a better economic in the neighborhood. Although latest report shows a jump in borrowing cost on Polish bonds and that might fuel inflation and influence central bank to raise interest rates.

A comparison of unemployment level across Europe by Eurostat, indicates that the Poles are the least unemployed, further explaining the healthy Polish economy.

The Czech koruna dropped from its strongest level in 21 months against the euro on speculation the Czech central bank will try to talk down the currency to protect economic growth and prevent disinflation. The world’s best-performing currency in July weakened 0.4 %.

Czech’s koruna is acclaimed to be the world’s best-performing currency in July, but the currency saw a drop against the Euro. Similarly, the Slovak economy experienced a boost even without International Monetary Fund backing. Slovakia meat and poultry sector is currently enjoying the patronage of Hong Kong and Vietnam as export of frozen foods shoot up.

As it prepares to be the next Eurozone member, Estonia economy is still daunted by economic fluctuation, although Standard & Poor rated the economy as viable for having moved out from a severe recession.

Similarly, Latvia’s economy is reported regaining strength from last year’s 18 % slump as manufacturing and exports advance.

The European Union's executive has given the green light to a Lithuanian scheme for supporting troubled banks, saying that it was necessary to overcome the financial crisis.

Social/Humanitarian Issue

In Slovakia, the far-right ‘Our Slovakia People's Party’ (LSNS) staged a nationalist protest in front of a castle in Bratislava, demanding the government to make Slovakia only for Slovaks. LSNS displayed their anti homosexuality, liberalism and Zionism during the protest.

Could there ever be world peace and harmony, this is the aspiration of Hungary’s Two-Tailed Dog Party allying with other likeminded across central Europe. The party promises voters world peace, prosperity and free beer and creating a two-tailed dog with the aid of biotech.

European Humanities University is now known as University in Exile, banned from Belarus by the Lukashenko’s government but accepted in Lithuania. The university since being in exile has continued to enroll many Belarusians.

Ukraine's interior ministry is reported to have busted and apprehended a ring of human organ traffickers headed by an Israeli. The ring recruits organs donors from former Soviet countries and the organs end in the hands of wealthy foreigners.

The Lithuanian Court of Appeals has set free on bail Egle Kusaite, a 21-year-old Muslim Lithuanian convert, accused of plotting to carry out a terrorist attack in Russia as vengeance for the death of her Chechen friend.

Food, Environment and Energy Issue

Ghanaians would soon start feeling the influence of global oil companies on its soil as soon as exploration arrangement is finalized. Meanwhile Russia and Belarus have expressed their commitment to invest $1 billion in the Ghanaian’s emerging oil and gas industry. Belarus is alternatively looking at Venezuela for oil that could be reached through Lithuania.

The Estonian government is geared at dislodging Gazprom grip and monopoly from Estonian energy sector. The little Baltic state holds 37% while Russia carries the lion share.

Facing the worst heat wave in its history, Russia is urging Kazakh and Belarusian governments to halt grain exports because of drought conditions in the region. Meanwhile, Ukraine and Estonia unilaterally offered Russia humanitarian help for its wildfires

Geo-strategic Issues

Russia’s Foreign Ministry released a report accusing the United States of violating dozens of provisions of nuclear, chemical and biological weapons treaties, apparently in a reply to American critics, who have been accusing Russia of violating past agreements.

Although Canada recently insinuate Russia as a threat, yet Russia, Canada and the United States will all be taking part in a historic military exercise tailored at battling airborne terrorism.

Czech Republic is ready to host the US missile defence but under the umbrella of NATO, the system will be jointly manned by personnel of both countries.

The new UN-EU sanctions on Iran deprive countries to trade with Tehran in many sectors, as measure to incapacitate and force Tehran to change its perceived obstinate behavior. On this backdrop, Belarus has denied having arrangement of S-300 rocket missiles to Iran.

It might appear that the latest announcement of Belarusian President Alexander Lukashenko explains the unpredictability of this man. Lukashenko and his Georgian counterpart have been critical of Russia in recent times, yet for him to have promised to recognize the independence of Abkhazia and South Ossetia during the summit of Commonwealth of Independent States (CIS) leaders is worth noting.

US/CANADA

Political Issues

US President Obama is hoping to take advantage of his achievement on the BP oil spill during the midterm elections, though his acclaimed achievement is being punctured by republican critiques.

The puzzling question is the extent to which Pentagon can influence Wikileaks to withdraw all classified published and unpublished information from its website. Implicitly the leak has done unlimited damaged to American war strategy in Afghanistan and offended many working covertly and otherwise with Washington to see that Afghan war reaches a conclusive end.

The US Senate confirmed Elena Kagan to a seat on the Supreme Court replacing Justice John Paul Stevens after a protracted evaluation. Elena, a liberal will have to wrestle with the conservatives in the apex court.

If the Canadian government would continue with infuriating policies across political and business broad, the possibility of maintaining its lead over liberal opposition party will be less likely. In view of the recent crisis over census administration, Canadian Ekos survey puts the Conservatives at 29.7 % in popular support, down from 32.2 % in the previous reading. Whatever the poll is saying does not reckon with government position, bent not to compromise with the plan of changing the compulsory for voluntary census forms. The new plan is what many Canadians are uncomfortable about and believe it will skew the data and make it less reliable for planning purposes.

In spite of the declining support for the Conservative minority government, the political state of affairs suggest that neither the ruling nor the opposition wants an early election, rather amid political scrambling both will want to re-stabilize the economy.

Economic Issues

For many Americans unemployment remains worrisome and there is little or no indication that the joblessness gap will close sooner even as private businesses fill their vacant positions. The increasingly concern of joblessness makes it a potential political issue for the midterm elections.

Loss of jobs is also true for the Canadian economy, as permanent jobs saw a loss while part-time gained certain degree of progress. The fluctuation in the Canadian economy could implicitly suggest that most industrial economies are yet to fully regain their grip.

The leak at the Gulf of Mexico oil was not just detrimental to the environment but was equally damaging to jobs amid the problem of unemployment facing many Americans. Immigrant workers have joined the band of those seeking compensation from BP seen responsible for their layoff at workplaces along the Gulf.

Social/Humanitarian Issue

The battle over the construction of a 13-story complex by Muslims within the neighborhood of Ground Zone is an unfinished brawl even after the New York authorities have given their green light. Objection to the mosque according to authority is a betrayal of U.S value of freedom for all, while antagonists see it as respecting lives of the victims.

Food, Environment and Energy Issue

As BP engages in static kill, an effort to permanently seal the leak at the Gulf of Mexico that nevertheless does not displace the environmental fallout of the leak which has become a menace for animals and human inhabitants of the Gulf.

Geo-strategic Issues

It was a war tagged as illegal and as created dented image for Americans, but President Obama is about fulfilling one of his campaign promises by closing the chapter of Iraq war and hopes to accord him domestic praise. Ending the Iraq war is of course not the end of many miseries Iraqis are still undergoing, as former Saddam’s lieutenant Tariq Aziz said departure of the United States from Iraq will be tantamount to leaving the country to the wolves.

LATIN AMERICA

Political Issues

As Brazilians prepare for the next presidential elections, the two outstanding aspirants continue wooing voters. Latest Ibope’s poll suggest a lead for president Lula’s candidate, yet elections outcome will judge whether Lula’s popularity can see Ms. Dilma Rousseff through as the next president.

Colombian new President Santos is geared not to discontinue with the policies of his predecessor yet he has also determined to reduce the tempo of confrontation between his government and FARC rebel group if only the latter will recognize Colombian sovereignty.

Economic Issues

Argentines and Mexicans will be better placed to substantiate their government’s assertion of a reduction in joblessness. Both governments claim unemployment is decreasing due to better economic policies.

Argentina will have to convince China not to further boycott its soy oil as the latter plays a great role in Argentina’s agricultural sector. Despite the boycott, during a visit of the Argentine president to China, both countries signed agreement to boost mining and railroad infrastructure in Argentina. Meanwhile, the Argentine ambassador to Pakistan sees a prospect in Argentine-Pakistan relations in many fields.

Mexico like every other country in the region hopes to make China a good trade partner, as China’s economic influence in the region widens.

According to Brazil’s Development Industry and Foreign Trade Ministry, trade surplus in the first seven months of 2010 was down at 45.1 % year-on-year. The ministry also said the surplus reached 9.237 billion U.S. dollars.

Brazilian government under the umbrella of Mercosur will be inking a free trade agreement with Egypt. Both countries have been sound trade partner owing to $87.7 million of trade in 2009 and $1.53 billion in 2010.

Colombia hopes to benefit from the India’s investments; the latter has alot to offer to the Latin American country. India is expected export motorcycles, organic chemicals and technology related fields.

Venezuelan government is expected to get $4 billion loan from China, the Asian economic giant. China will be issuing the amount as first installment of $20 billion.

Social/Humanitarian Issue

Mexican security agents reported killed the most wanted drug lord with the help of the FBI. The drug related violence in Mexico is taunting the country’s image and has been the reason why US consulate was shut down.

Venezuelan government is making a distinction between the people of Colombia and the government. The head of Venezuelan National Commission of Refugees holds that clash between Colombia and Venezuela will not force the latter to send Colombian refugees back home.

Geo-strategic Issues

The just concluded Mercosur summit held in Argentina was referred to by Brazilian President Lula da Silva as a success as the summit agreed on a common custom code aimed at reducing the cost of commerce within the region. Venezuela meanwhile wants the group to recognize its presence as a permanent member.

Argentina-Britain conflict is yet to be over and both countries have not consented to UN suggestion over disputed regions.

Ex-Colombian President Uribe is challenging President Lula for choosing the word negotiation as a way of resolving the brawl between Venezuela and Colombia. The latter accuses Venezuela of supporting FARC rebel group; therefore asking for negotiation will be tantamount to undermining the proof Colombia has against Venezuela.

Ecuador has called the meeting of UNASUR countries to resolve the dispute between Colombia and Venezuela.

Upon meeting the requirement of stepping up human rights protection and democratization of its society as laid down by Organization of America States, countries in the region are ready to reopen diplomatic relation with Honduras after the coup that ousted an elected democratic president.

AUSTRALASIA

Political Issues

Election is around the corner and Australian political parties have been sensitizing the public with political gimmicks in an attempt to woo voters. The Labour party has no option than to settle its internal fracas if it must retain the premier’s seat as there has been a political roar between ousted PM Kevin Rudd and PM Julia Gillard.

Food, Environment and Energy Issue

Australian scientists reported to have found in sea sponges sharing genes similar to human. The discovery is hoped to revolutionize medical outlook of human history and how diseases could be reduce through the exploitation of the sea sponges. §
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Business and Politics in the Muslim World (BPM)refers to the project entitled, "Globalized Business and Politics: A View from the Muslim World.' The blog development project has been undertaken and jointly developed by the Gilani Research Foundation and BPM as a free resource and social discussion tool.
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