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Embargo on Iranian oil: A move to save the US Dollar hegemony

in Economics/International Relations & Defence by

Acting through its ambassadors, the European Union has announced the imposition of an oil embargo on Iran from July 2012 on as well as placement of sanctions against Iran’s Central Bank, which aim to disrupt the funding of the country’s nuclear programme. But will that suffice? Will it have any effect? Or will it rather…

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A window of opportunity

in International Relations & Defence by

It should not surprise anyone that the USA is withdrawing from Afghanistan soon after Osama bin Laden has been killed. Combined with the pullout from Iraq and the shaky political situation in other Middle Eastern countries, the European Union is on its way to face the greatest security threat of its existence. US President Barack…

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