Word: barysch
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Dates: during 2000-2009
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...report authored last month by Katinka Barysch, of the Centre for European Reform think-tank, says they were merely following E.U. recommendations: opening their markets to trade and investment and selling their local banks to western European ones. It helped to drive the export boom of the past five years but left them more vulnerable to the crisis. Western banks have lent $1.6 trillion to Eastern Europe, but the crisis could see them pull back yank credit lines from their local subsidiaries, triggering a domino effect of collapsing financial institutions...
...European Union, where the internal market is a core, treaty-enshrined ideal. But Sarkozy's protectionist language ripped off the veneer of European unity over the economic crisis. "The French have signaled that they are willing to do things they know are illegal under E.U. law," says Katinka Barysch, Deputy Director at the London-based Centre for European Reform (CER). "But if one E.U. country goes down this route, others will feel they have to follow...
...Today, the Europeans will hopefully focus on what they can do together to increase their energy security," says Katinka Barysch, deputy director of the London-based Centre for European Reform (CER) think tank. "They also need to reinforce their efforts to achieve their 20% energy savings target and explore alternative sources of power, namely renewables and nuclear. If the gas standoff reminds the Europeans of the importance of such measures, Russia and Ukraine will have done the E.U. a favor." Even if that favor was rather chilly...
...Katinka Barysch, deputy director of the London-based Centre for European Reform, says Russia is simply flexing its muscles. "Russia's main objective at the moment is to establish itself as a great power, to gain the respect of its international peers," she says. The country's new confidence is founded on its oil and gas reserves, which it has used for political leverage. "There's been a lot of pressure on governments to go soft on Russia because it's seen as an important new economic player," says Denis MacShane, Britain's Europe Minister from 2002-05. And Western...
...question, it is. "Real disposable income is growing 10% a year, and has done ever since Putin came to power," says Barysch. That has boosted Putin's popularity, which is largely undented by his moves to assert control over the Russian media and to consolidate political power in the Kremlin. Westerners may lament the loss of freedoms in Russia, says Barysch, but "most Russians never knew they had them. What we are nostalgic about, the Yeltsin years, Russians perceived as a period of chaos, instability and great inequality...