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Op-Ed

Greece’s Lesson for Ukraine: More Populism, Please

Author: Stephen Sestanovich
Wall Street Journal

Can Western governments learn anything from the Greek fiasco that will produce a better result in Ukraine?  There are countless differences between the two situations, but one big similarity should worry us: In both countries an economic crisis has begotten a political crisis, and the two have begun to feed on each other.

See more in Greece; Ukraine; Financial Crises; Politics and Strategy

Primary Sources

National Security Law of the People's Republic of China

National People's Congress in China passed this law on July 1, 2015. It outlines the government's authority to respond to threats to China's assets and activities in its borders and territories, as well as in cyberspace, space, the deep sea, and polar regions. The law also establishes a national security leadership system for crisis management. On July 6, 2015, the National People's Congress released the text of its proposed Cybersecurity Law that provides additional guidance on technology security standards.

See more in China; Homeland Security; Organization of Government

Other Report

Oil Prices, Low-Carbon Energy, and Climate Policy

For decades, oil prices have influenced the outlook for alternatives to oil and policies that support those alternatives. Expensive oil makes substitutes more appealing; cheap oil makes the economic case for alternatives that much more difficult. High prices in the 1970s kick-started clean energy, including the first modern electric vehicles, while the oil slump beginning in the 1980s pummeled sources like wind and solar power and undermined the push for more fuel-efficient cars.

See more in Global; Energy and Environment

Primary Sources

Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB)

Finance ministers from fifty-seven countries met in Beijing in October 2014 and signed a memorandum to establish the Asian Infrastructure Investment Bank (AIIB), which will focus on funding infrastructure to boost economic development in the Asia Pacific region. The Articles of Agreement were opened for signature on June 29, 2015 and must be ratifed domestically by December 31, 2016.

See more in Asia and Pacific; Banks and Banking

Op-Ed

The Payoff for Iran

Author: Ray Takeyh
Washington Post

The massive financial gains from a nuclear deal would enable Iran’s imperial ambitions in a fracturing Middle East, writes CFR’s Ray Takeyh. At the same time, the Islamic Republic would invest the money in consolidating the power of a repressive regime.

See more in Iran; United States; Treaties and Agreements

Op-Ed

The Iran Endgame

Author: Philip Gordon
Politico

In an article for Politico, Philip Gordon discusses the difficult issues that remain to be resolved in the negotiations with Iran as the June 30 deadline approaches. He argues the United States and its partners must stand firm on key principles and spells out what they need – and do not need – for an agreement that serves U.S. national interests.

See more in Iran; United States; Diplomacy and Statecraft; Treaties and Agreements

Op-Ed

Brad Glosserman and Scott Snyder: How to Defeat the 'Korea Fatigue'

Authors: Scott A. Snyder and Brad Glosserman
Asahi Shimbun

The Japan-South Korea relationship steadily improved in advance of parallel ceremonies marking the 50th anniversary of the normalization of their diplomatic relations on June 22. In recent weeks, ministerial-level bilateral contacts resumed between economic and defense ministers, and the top leaders made positive remarks about prospects for the relationship.

See more in Japan; South Korea; Diplomacy and Statecraft