In contrast to the widespread scepticism at the beginning (see Newsletter December 2021), Harry Seavey, in his article published by Panda Paw Dragon Claw, argues that there is a chance that Europe’s own infrastructure initiative can become a serious competitor or addition to Belt&Road. For this to happen, however, a similarly attractive narrative would have to be framed to counter “resentments over Europe’s colonial legacy and history of grand plans that have proven to be ‚wishful thinking’“.
Category Archives: Europe
B3W: New Highway to Heaven
The label for the multilateral copy of China’s New Silk Roads recently announced at the G7 summit by U.S. President Biden is gruesome: Build Back Better World, or B3W. As a “values-driven, high-standard, and transparent infrastructure partnership” it is to compete with China’s infrastructure activities. So far, however, B3W is merely an anaemic PR product.
My borrowers, your borrowers
The narrative of Chinese “debt diplomacy” is rather simplistic: Lending by state-owned banks is not transparent, encourages corruption, and serves primarily Chinese corporations, it goes. This would lead inevitably into a debt trap. It appears as if Beijing’s policy is fundamentally different from the practices of international financial institutions, governments of Western industrialized countries or large commercial banks.
Indo-Pacific: Europe’s geopolitical ghost ride
It may sound like a matter of routine: The German frigate ‘Bayern’ is about to set sail and spend several months cruising in the Indian Ocean and the Western Pacific. The Defense Ministry merely wants to see this just as a “sign” to fly the flag where Germany’s “values and interests are affected”. However, behind this there is a fundamental paradigm shift.
Militarization: Adventure Trip to the Pacific
The deployment of the frigate ‚Bayern’ to a cruise in the Indian Ocean and the Pacific in summer this year is intended to lend substance to the “Guidelines on the Indo-Pacific” adopted by the German government last September and to the pronouncements of Annegret Kramp-Karrenbauer, Minister of Defense, that it “will expand its commitment to security policy to the Indo-Pacific”.