When the world gets closer.

We help you see farther.

Sign up to our expressly international daily newsletter.

Germany

Why The Global Economic Crisis Has Only Just Begun

After an ineffective weekend flurry of phone calls among world leaders, confidence in governments’ ability to react is eroding. And the uglier it gets, the more politicians will focus on their own skin rather than finding a common solution. Buckle up.

José Manuel Barroso and Angela Merkel at the European People's party summit in March 2011 (europeanpeoplesparty)
José Manuel Barroso and Angela Merkel at the European People's party summit in March 2011 (europeanpeoplesparty)
Stefan Kornelius

MUNICH - This was the scene on Friday: global stock markets were continuing to slide, rumors were rumbling about the US credit rating downgrade, the European Union commissioner for economic and monetary affairs, Olli Rehn, was trying to undo the ineptitude of Commission president José Manuel Barroso….and then we learn that the German chancellor and the French president were going to be talking the situation over on the phone.

A phone call. Not only that, but G-20 deputy finance ministers were going to be conference-calling. And a meeting of G-8 states might be arranged -- or at the very least, the deputy finance ministers of those countries would confer by phone.

Keep reading... Show less
You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in

When the world gets closer, we help you see farther

Sign up to our expressly international daily newsletter!
Geopolitics

Russia's Military Failures Are Really About Its Soldiers

No doubt, strategic errors and corruption at the highest ranks in the Kremlin are partly to blame for the Russian military's stunning difficulties in Ukraine. But the roots run deeper, where the ordinary recruits come from, how they are exploited, how they react.

Army reserve soldiers go to Red Square to attend a Pioneer Induction ceremony

Anna Akage

To the great relief of Ukraine and the great surprise of the rest of the world, the Russian army — considered until February 24, the second strongest in the world — is now eminently beatable on the battlefield against Ukrainian forces operating with vastly inferior firepower.

Stay up-to-date with the latest on the Russia-Ukraine war, with our exclusive international coverage.

Sign up to our free daily newsletter.

After renouncing the original ambitions to take Kyiv and unseat the Ukrainian government, the focus turned to the southeastern region of Donbas, where a would-be great battle on a scale comparable to World War II Soviet victories has turned into a quagmire peppered with laughable updates by Chechen leader Ramzan Kadyrov on TikTok.

The Russians have not managed to occupy a single significant Ukrainian city, except Kherson, which they partially destroyed and now find difficult to hold. Meanwhile, Ukrainian civilians are left to suffer the bombing of cities and villages from Lviv to Odessa, with looting, torture and assorted war crimes.

The reasons for both the poor performance and atrocities are many, and include deep-seated corruption and lack of professionalism up through the highest ranks, including Defense Minister Sergei Shoigu, who had never served in the army, and arrived in his position only because of his loyalty to the No. 1 man in the Kremlin.

Keep reading... Show less

When the world gets closer, we help you see farther

Sign up to our expressly international daily newsletter!
You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in
THE LATEST
FOCUS
TRENDING TOPICS

Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

Watch Video Show less
MOST READ