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Baker, Gerard
3 articles of this author have been cited in the European Press Review so far.
Record price for crude oil
"There are good reasons not to fear $100 oil and even a case for mild celebration", notes Gerard Baker. "This time [compared to the 1970s crisis] the principal reason for rising prices is less to do with supply than with demand. For all the talk of imminent global recession, 2007 was another bumper year. The continuing advance of China and emerging markets, solid growth in the US and a sprightly performance by those old laggards Europe and Japan meant that available oil production could not keep pace with demand. Now, of course, the rising price is the mechanism by which that demand will be restrained a little - but that is no reason to think a slump is on the cards. ... Another good reason for mild optimism today is simply that our policymakers have already lived through the experience of the 1970s and know what to do to avoid repeating it. ... The third good reason for suppressing our misery at $100 oil is that we are much less dependent on that baleful commodity than we were."
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More from the press review on the subject » Financial Markets, » Global
Will there be a new Cold War?
"This was more than just another familiar, if blunt, recitation of the supposed crimes of the Bush Administration. Speaking to an audience that included European leaders and Angela Merkel, the German Chancellor, as well as Americans, Mr Putin attacked Nato", notes the daily "He said the inclusion of former Soviet satellite states in the Atlantic alliance had destabilised Europe and threatened Russia. 'Against whom is this expansion directed?' he asked. ... The Munich event has been dominated for the past few years by transatlantic splits as the US found itself under attack from its old allies over the war in Iraq. Throughout that time, Donald Rumsfeld, the former defence secretary, played the role of principal villain at the conference. This year Europeans were presented with a new villain, and perhaps in the process were reminded that, for all its faults, America may not after all really be the most threatening nation on earth."
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More from the press review on the subject » International Relations, » Security Policy / Crises / War, » Russia, » Global
The fear of terrorism surges up in Europe
Gerard Baker rejects the idea that the United Kingdom's is answering for the errors of its foreign policy. "I will grant you that the Iraq war has been characterised, in conception and execution, by blunder after blunder. And it is certainly possible that, in their failures there, the US and Britain have made the world more unstable, not less. But we should not, in our frustration, confuse the real enemies here. We should not mistake the unlooked-for dangers caused by blunders and arrogance in Washington for the targeted threats posed by nihilism and hatred in much of the Middle East, and in some of our own cities. Yesterday provided us with yet another glimpse of the awful reality of our long war and associated miseries. We must be very careful not to ascribe their creation to our own errors."
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More from the press review on the subject » Security Policy / Crises / War, » United Kingdom
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