Longitude #45

January, 2015

Leaders

Modifying India

Wringing out India’s waste
by Lanfranco Vaccari­­

India is a dysfunctional colossus if ever there was one. But there has been progress in many areas, and the new government is well-positioned to build on already existing momentum and fill in some of the myriad economic sinkholes. 

Myriad India
Map by Marie Joveneau
Modi operandi
by Antonio Armellini

India’s new prime minister has shown a desire to shake up the stale political system and further open the economy. Will he be able to go against his voter base’s interests and succeed? If not, he may need to fall back on the sectarian passions that have long sustained his party. 

Bye-bye superbanks

How to finance the future
by Stefano Cingolani

The financial industry has yet to fully come to terms with the crisis that began in 2007. While many banks have rebounded, it is hard to see sustained solidity barring a deep, well-thought-out reform of big banks. 

The world of banking
Map by Marie Joveneau
The key to EU banking health
by David Kempthorne, Domenico Lombardi

While comprehensive assessments of US banks helped America rebound from the financial crisis, Europe is hobbled by a less dynamic economic situation. What’s needed is an explicit commitment to pro-growth policies. 

The ECB finally takes charge
by Silvia Merler

The ongoing financial turmoil in Europe has led to a sea change in the eurozone’s banking sector. Using an array of tools at their disposal, policy-makers hope to protect banks from future crises. 

Another shock in the making
by Christopher Caldwell

A new analysis about the subprime crisis points the finger at legislation based on misguided goals. If this is accurate, then we can expect more trouble to come. 

Europe

by Stash Luczkiw

Caught between a resurgent Russia and a non-committal EU and NAT