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Rescooped by Al Picozzi from Meagan's Geoography 400
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Putin calls for 'Eurasian Union'

Putin calls for 'Eurasian Union' | Als Return to Education | Scoop.it
Russian PM Vladimir Putin calls for the formation of a "Eurasian Union" of former Soviet republics, but says it will not be like the defunct USSR.

 

Russia's cultural influence over former Soviet Republics is strong, but the desire to strengthen these old ties is deeply embedded into the cultural ethos of Russia.  It is also a key part of Russia's geopolitical strategy for greater international influence and economic strength.

 


Via Seth Dixon, Meagan Harpin
Al Picozzi's insight:

So is this just to compete with NAFTA and the EU on an economic level?  Or is this to compete with the EU on economic, political and military level, much like the EU's EuroCorps?  Putin states thie is not a return to the USSR, but Russia has always been weary with the growing of NATO and the EU on its borders.  How about if Turkey gets int the EU right on the Russian border?  This action might move thie bloc creation even more forward and Putin might become more forceful to its creation.  No that former KGB member Putin is foreful.

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Derek Ethier's comment, October 18, 2012 1:20 AM
Russia's will to start a Eurasian Union seems to be a ploy to recreate a neo-Soviet administration obviously dominated by Russia. Millions of Russians live in these satellite nations so it will be more than easy for Russia to spread its influence and dominate this union. It would also be a bad decision for some of these nations to join in a union with Russia. Some nations, such as Azerbaijan, are rich in oil reserves, and a union with Russia could be detrimental to their development.
Meagan Harpin's curator insight, October 2, 2013 12:59 PM

Putin is calling for a Eurasian Union. He said it would change the political and economical configuration of the continent and have positve global effects. Russia, Belarus and Kazakhstan have already formed an ecomonical allicance and it removes customs barriers. Putin has however denied that he is propsing for the recreation of the Soviet Union.  

Paige McClatchy's curator insight, October 17, 2013 8:26 PM

It is more than understandable that former Soviet satelite states are weary of any kind of union with Russia. However, some sort of treaty could benefit the block, particularly an arangement like the one already held between Russia, Belarus, and Kahzakstan. An agreement that would ease travel between the two countries appears to have little downside.

Rescooped by Al Picozzi from Geography Education
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Eurozone unemployment hits record high

Eurozone unemployment hits record high | Als Return to Education | Scoop.it
The 17-nation bloc had a jobless rate of 11.6 per cent in September, while inflation eased slightly in the last month.

 

Although some countries in the Eurozone have lower unemployment rates like Austria (4.4%) and Germany (5.4%), more are in the worst collective tailspin since the creation of the common currency.  Spain has the worst unemplyment rate at 25.8% of the adult population out of work.  It has taken a nasty cultural and political turn as resentments and frustrations are boiling over in the Eurozone.  Some are derisively referring to the struggling southern European countries as P.I.G.S. (Portugal, Italy, Greece, Spain). 

 

Tags: Europe, supranationalism, currency, labor, economic. 


Via Seth Dixon
Al Picozzi's insight:

A big problem in the EU.  There are countries feeling the pinch becasue of the problems of other countries.  They feel why do we have to foot the bill of so many other countries that are just failing in their own economies through their own fault.  Sounds about the same as in the US when people say why do I have to pay for others mistakes and pay more in taxes.  One is on a macro scale, one is on a micro scale. 

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Lena Minassian's curator insight, February 18, 7:48 PM

This article was interesting because unemployment is such a big topic discussed with many people today. Unemployment in the Eurozone has reached an all time high in September as their economy is falling into a recession. The highest rate was recorded in Spain where 25.8 adults are unemployed. Further layoffs are going to occur as their budget programs begin to kick in. Austria, the Netherlands, and Germany have the lowest recorded rates.