The Economist (January 18)
“America is weaponising its currency and financial system” like never before, but the “use of sanctions could endanger the dollar in the long term!” Other countries, both allies and enemies, increasingly view the Trump administration’s aggressive use of the dollar-based financial system “as an abuse of power.” Ultimately, this “may eventually lead to the demise of America’s financial hegemony, as other countries seek to dethrone its mighty currency.”
Tags: Abuse, Allies, Currency, Dollar, Enemies, Financial system, Hegemony, Sanctions, Trump, U.S., Weaponising
Wall Street Journal (December 18)
“China is testing U.S. resolve to maintain freedom of navigation in international waters that Beijing illegally claims as its own” with its recent theft of a U.S. underwater drone. “Whether China today is responding to Mr. Trump or offering a final insult to President Obama is beside the point because the drone theft is part of a larger Chinese pattern. China’s behavior shows its intention to intimidate its neighbors and establish hegemony in East Asia.”
Tags: China, Drone, East Asia, Freedom of navigation, Hegemony, Intimidate, Obama, Theft, Trump, U.S.
The Economist (August 8)
“Germany is back in its old dilemma: too weak for hegemony, too large for balance. No other country can think of imposing solutions, but Europe will not allow Germany to do so either. That may mean that the EU’s biggest challenges—from immigration to preventing a British exit and fixing the euro—will continue to go unmet.”
Tags: Balance, Brexit, Challenges, Dilemma, euro, Europe, Germany, Hegemony, Immigration, Solutions
