Garimella Subramaniam (for Info only, not official)

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Garimella Subramaniam

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    ...The sovereign debt crisis has largely receded. There has been a steady rise in gross domestic product in the first quarter of 2017 — the growth outstripping that of the U.K. and the U.S. And that is not all. The current 9.5% rate of unemployment, the lowest since the onset of the financial crisis, is projected by the European Central Bank (ECB) to drop to 8.9% next year and to 8.4% in 2019. Yet, the improved economic and political climate has already revived a contentious debate on the trajectory of a closer eurozone integration. The ECB is currently facing criticism from the more prosperous economies of Germany and the Netherlands over its decision to continue with both the quantitative easing (QE) programme and sub-zero interest rate policy. ...

    The Hindu on May 17, 2017, 11:29 p.m.

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    ...Their concern was more on preventing a repeat of the confrontation witnessed during a G20 meet of Finance Ministers in Baden-Baden in March, which eventually led to a watered-down declaration to promote global trade, in a reversal of the robust 2016 declaration to “resist all forms of protectionism”. Similarly, the International Monetary Fund and World Bank spring meetings could not mask differences with the U.S. administration, which sought to deflect attention to the U.S.’s trade deficit with other countries and currency imbalances. As a result, discussions on global cooperation were relegated to bilateral meetings, on the sidelines of the Bari gathering. ...

    The Hindu on May 16, 2017, 12:55 a.m.

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    ...Their concern was more on preventing a repeat of the confrontation witnessed during a G20 meet of Finance Ministers in Baden-Baden in March, which eventually led to a watered-down declaration to promote global trade, in a reversal of the robust 2016 declaration to “resist all forms of protectionism”. Similarly, the International Monetary Fund and World Bank spring meetings could not mask differences with the U.S. administration, which sought to deflect attention to the U.S.’s trade deficit with other countries and currency imbalances. As a result, discussions on global cooperation were relegated to bilateral meetings, on the sidelines of the Bari gathering. ...

    The Hindu on May 15, 2017, 10:50 p.m.

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    ...The country’s 1947 Constitution has been at the centre of competing narratives, in much the same way as the contentious historical accounts on Japan’s pre-eminent part in the Second World War. Article 9, the bone of contention The document drafted by the Supreme Command of the Allied Powers (SCAP) divided the Japanese Diet between the conservatives and nationalists on the one hand and the social democrats on the other. Whereas the former view the Constitution as an imposition on Tokyo, the latter see the text as a canon of progressive and forward-looking principles. At the heart of these divisions lies Article 9 through which Japan renounced the use of force in the resolution of international disputes and proclaimed never to maintain land, sea and air forces. ...

    The Hindu on May 9, 2017, 11:39 p.m.

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    ...From the moment of the referendum outcome last June, European leaders have viewed the termination of Britain’s roughly four-decades-long membership of the bloc with resigned acceptance. Yet, they have remained steadfast on the stance that formal talks on the terms of withdrawal could not commence until London officially notified its decision under Article 50 of the Lisbon Treaty. Brussels circulated its draft negotiating guidelines within days of Britain triggering the exit clause on March 29. The bloc unanimously adopted that blueprint on Saturday. Not only does the text stipulate stringent conditions of departure; equally, it emphasises the need for an orderly, sequential process of its implementation. The guidelines, above all, aim to remove uncertainty at three levels. ...

    The Hindu on May 3, 2017, 10:10 p.m.