Issue 57 - 2008
Politics, Sarkozy and the euro
03 December 2007
Not long after its launch, the euro was famously dismissed by a disgruntled currency trader as a “toilet currency”. How things have changed. Since 2003, the euro’s external value has soared, particularly against the US dollar.
Europe’s defence and its new security strategy
03 December 2007
The European Union is starting work on a new security strategy. France’s president, Nicolas Sarkozy, wants it approved in the second half of 2008, during his country’s EU presidency.
The EU must stand firm on Bosnia
03 December 2007
The EU’s inability to halt the Bosnian civil war of 1992-95 marked the nadir of its attempts to build an effective foreign policy. Eventually the Americans helped the Europeans stitch Bosnia back together, at the Dayton peace conference.