Towards a eurozone managed by intergovernmentalism

The construction of a federal structure for the eurozone got off to a bad start. The vision of the French government to strengthen the structure of the monetary union by creating new eurozone institutions, particularly a Ministry of Finance with its own budget and a convergence of business tax rates, already seemed like a somewhat limited ambition given what is at stake. That said, it was a first step towards building the infrastructure needed for the good functioning of the common currency…
Read more in the GEAB 124

The Middle East and Pax Saudiana
Saudi Arabia has recently sent a significant signal concerning the establishment of a ‘New Middle East’, perfectly in line with all our anticipations for this world region. Let’s take a look at this move. At the beginning of March, Mohammed Ben Salman (aka MBS) visited Egypt as part of his first official visit abroad since his appointment as Crown Prince of the Kingdom last June. As everyone knows, the Governor Al-Sisi’s Egypt is a Saudi protectorate. Moreover, the instructions given by the Egyptian presidency allowed MBS to be welcomed in Cairo with banners like ‘Welcome to your second country’. It couldn’t have been more obvious…
Read more in the GEAB 124