Longitude #61

June, 2016

Leaders

Cover story

A fairytale gone awry
by Lanfranco Vaccari­­

Not long ago Europe seemed poised to become a superpower in world affairs. Now everybody is trying to figure out how the once noble European project can keep from crumbling into pieces.

Stripping Europe to the core
by Stefano Cingolani

As the UK ponders whether it should stay or go, the rest of Europe has dug an old proposal out of the closet: a core composed of the original members in a multi-layered Union. 

Too many Europes
Map by Marie Joveneau
The Brexit fallout
by Filippo Vergara Caffarelli

By all estimations, the UK leaving the EU would not make good economic sense for either side. Nevertheless, political considerations often trump common sense. Yet even in the political sphere, a divorce would not be simple.

Spain

Snap elections in Spain
by Maurizio Stefanini

The Spanish government is deadlocked and unable to form any workable coalition. In his effort to come to his country’s rescue, King Felipe VI has also shored up the monarchy’s recently tarnished image. But his task is not an easy one. 

Russia

Beyond demonology toward a dead end
by Stash Luczkiw

Russia’s place on the geopolitical chessboard has changed drastically in recent years. The driving force behind this change is the mind of one man who has 
the world constantly watching his next move.

Black Sea

Clashes and cooperation in the Black sea
by Andrea Giannotti

For three millennia the region has been at the confluence of major historical events. Today is no different, with conflicts all around as major powers vie for supremacy.  

Featured briefing

Between reality and mirage
by Eugenio D'Auria

The new leadership in Saudi Arabia has presented a plan for further modernizing the Kingdom and weaning it off oil revenues. How successful they are will be determined by a host of structural, political and cultural factors.

The Arabian glut
map by Marie Joveneau
The Arabian honeymoon is over
by Enrico Verga

The odd-couple Saudi-American love affair may finally be drying out as American demand for foreign oil decreases. What has everyone worried is what may fill the vacuum of a foreign policy that has long been taken for granted.

The Orientalist

As the sands lose their slick
by Ugo Tramballi

With the flow of petrodollars slowing down, prudence seems to be the order of the day for the Arabian Peninsula. But the new Salman Doctrine is ambitious enough to raise concerns. 

World economy

The new era of uncertainty
by Domenico Lombardi, Samantha St. Amand

Policymakers must now step up to the challenges of a new era characterized by low growth and high uncertainty. Yet despite these revisions, experts are directing their attention to longer-term economic prospects, rather than short-term uncertainties.

The market is served
by Luca Marcolin

Is China really a market economy? How the World Trade Organization answers this question will have a huge impact on countries struggling to remain competitive in the manufacturing sector. 

Negative prices
by Hermann Simon

In a context where profit is the ultimate goal, it would seem counterintuitive for businesses to pay someone to take their goods. But more and more the new phenomenon of negative pricing is starting to make sense.

Steering the marque
by Marco Mona

In a world of acquisitions and mergers, the risk of getting swallowed by larger companies is ever present. Yet a small, historic automobile manufacturer, which has been defining the concept of design, luxury and style for over a century, is affirming its global position.

 

Megaphone

Damage control and reversing the tide
by Gianluca Comin

Some simple rules on how to turn a crisis into an opportunity, in politics as 
well as in business, are indispensible in an age of social media.

Warming bloopers

On the dotted line
by Carlo Clini

The signing of the Paris Agreement by 175 parties is a major step in stemming climate change. But the future will be a long hard slog to keep the world from overheating.