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Madariaga Papers
China, 1978-2013: from one Plenum to another. Reflections on hopes and constraints for reform in the Xi Jingping era

Professor Eric Florence - University of Liège

Madariaga Paper, Vol. 7, No. 7 (July, 2014)

Why is it so difficult to talk about China in a nuanced and contrasting manner without falling back on superlatives and generalisations? In about thirty years, China’s GDP per capita has multiplied by eight. From a marginal economic power during the Maoist period (1949-1978), China is now ranked tenth in terms of global economic weight. “Wealth and power” (fu qiang) is the expression that embodies China’s quest for modernity since the second half of the 19th century, when China was still under the yoke of the West. This ambition is still at the heart of the “Chinese dream of rejuvenation of the Chinese nation” dear to Xi Jinping, which he set out during the Third Plenum of the 18th Central Committee of the Chinese Communist Party. But focusing only on this vision of “wealth and power” takes us back to one of the most common ways of representing China: reducing the ongoing socio-economic changes and dynamics to a set of numeric values, ultimately reified and homogenised. The increased power and internationalisation of the Chinese economy has prompted a combination of worry and enthusiasm. What does this imply about the paradigm shift in the way we portray this country? Perhaps it is still hard to leave behind the image of a subordinate, poor and voiceless China and consider the Chinese people as, at least, our equals.

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Eurozone sovereign debt restructuring is unavoidable

Professor John Ryan - Von Hügel Institute, St. Edmund's College.  University of Cambridge

Madariaga Paper, Vol. 7, No. 5 (June, 2014)

Most EU officials and most government officials of eurozone countries officially reject any suggestion of a restructuring of the debt of Greece or Ireland. Rising financial exposure to the troubled countries will raise political resistance against further financial help in the countries granting the assistance, and continuing pressure for ever more austerity demanded in return for external assistance will raise political opposition against adjustment policies in the troubled countries themselves. In the end, this leaves only one route open. Political populist opposition as seen by the recent European Parliament elections has already gathered momentum in creditor and debtor nations and will enforce an end to either austerity or financial assistance and will thus trigger a debt restructuring.

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Marché transatlantique ou identité européenne?

Pierre Defraigne - Executive Director, Madariaga - College of Europe Foundation

7 mai 2014, Bruxelles

Basé sur le discours prononcé par Pierre Defraigne lors du Forum ECOLO sur le thème "Entre le TTIP et l'identité européene, il faut choisir", le 7 mai 2014, à l'Institut Libre Marie Haps, Bruxelles. 

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After the Single Resolution Compromise: Mission Accomplished?

Marco Giuli - Research Fellow, Madariaga - College of Europe Foundation

Madariaga Paper, Vol. 7, No. 4 (May, 2014)

The current commentary aims to evaluate the compromise agreed by the trilogue on the single mechanism for bank resolution. Despite the welcome return of the European legislator to the process establishing the banking union, the bank resolution remains de facto national. However, if other conditions are not fulfilled, a banking union, regardless of its formulation, is not necessarily the framework through which normal credit conditions across the EMU will be restored. 

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Framing the International Context of the Ukrainian Crisis

Marco Giuli - Research Fellow, Madariaga - College of Europe Foundation

Madariaga Paper, Vol. 7, No. 3 (Mar. 2014)

The aim of this paper is to focus on specific aspects of the current crisis in Ukraine, taking into consideration the position of the major players in the international system. It will be argued that Russian assertiveness is a sign of extreme weakness which is not in the interest of the US, whilst the approach of European countries risks becoming a factor of significant instability within Ukraine.  

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