Memo 34: Europe’s defense sector needs reform. To cut costs and improve capabilities, states should consolidate national priorities to enhance political cooperation, streamline their administrative structures, further integrate their militaries and create an open defense market across the EU.
... More
China has criticized the US for its debt problems, but Beijing’s own growth model is “fraught with difficulties”. ++ Since US and EU debt issues leave its export-driven economy vulnerable to market fluctuations, Beijing must bolster domestic demand. ++ It can do so by relocating industry to cheap-labor inland provinces and encouraging coastal regions to focus on service and
... More
