Diplomacy and International Politics

The following is an event write-up about the recent Future of Diplomacy Project (FDP) seminar on “The Future of Ukraine: Reconstruction, Energy Security, and Innovation” moderated by Ambassador Paula J. Dobriansky, Senior Fellow with the Future of Diplomacy Project. 

The recent ruling of the German Constitutional Court on the ECB was an economic and political bombshell. The deep controversy that resulted – within Germany and on a European scale – illustrates that the ambiguity surrounding the euro area’s legal order and architecture may have reached its limit.

On Thursday 17 October 2019, thousands of exasperated Lebanese citizens took to the streets of Beirut in protest. The spark was the government’s latest plan to impose taxes on the popular and free based application, WhatsApp. Yet the protests were in fact the consequence of a series of ongoing and related crises: a fiscal crisis of insufficient revenues; a debt crisis; a foreign currency shortage crisis; a developmental crisis of stagnating growth compounded by rising unemployment and cost of living. One can certainly add to this list an infrastructural crisis—most popularized by the 2015 garbage protests, but part and parcel of people’s everyday lives as experienced in the problematic provisioning of electricity, water, and more. Such crises are largely homegrown, in that they are the result of decades-long mismanagement of public funds, rampant corruption, and political polarization. They are however exacerbated by regional and international players.

Iraq is experiencing a pivotal moment. Protesters, mostly youths, have again taken to the streets in Baghdad and several southern provinces. They initially demanded jobs and an end to corruption. Now they are calling for the resignation of key government figures, the dissolution of parliament and provincial councils, electoral reforms, and a rewrite of the constitution.

For years, Turkey’s government allowed Islamic State fighters to cross its territory into Syria. But, before Monday, there were no Islamic State fighter elements along Turkey’s border with Syria because Kurds, Arabs and Christians expelled them with help from the U.S. military. Today, these U.S. allies are running for their lives.

Following President Trump’s decision to withdraw troops from northern Syria, Belfer Center experts discussed the impact on America, our allies and adversaries, and the region.

Houthis have been ramping up attacks on Saudi-led coalition while UAE is gradually pulling out of Yemen.

Michael Greenwald writes that with the recent change of leadership at the European Central Bank, the euro likely has a bright future ahead.

Washington should adjust its coercive economic strategy to reflect a broader use of tools beyond sanctions. Given the degree of political interference in China’s banking system via formal state ownership and the indirect influence of opaque party committees, penalties imposed against the country’s banks are unlikely to produce a meaningful change in behavior.

Like with the Soviet Union, America once again finds itself in a global competition with Beijing today, albeit with many more consequences for Washington’s financial statecraft.