IN THE KEY OF THREE: A POPULISM UPDATE FROM ITALY

IN THE KEY OF THREE: A POPULISM UPDATE FROM ITALY

Speaking of populism, here are three recent stories from Italy, a country at the center of various European controversies. One centers on domestic policy, the second on squabbles with the populists next door, and the third on a coming showdown with the European Union.


Story 1: Three migrants from Senegal and Nigeria have been arrested following the alleged rape and murder of an Italian girl inside a drug den in Rome. Interior Minister Matteo Salvini, Italy’s lead anti-immigrant populist and a figure of growing notoriety across Europe, appeared twice at the crime scene in a single day to maximize attention on the event. He was greeted there by both supporters and hecklers.

These three migrants may be guilty of this heinous crime. Or they may be innocent. Or they may have participated in the crime alongside Italians. From a political standpoint, it won’t matter. Salvini’s supporters will accept his accusations against the migrants at face value. His critics will search for alternative explanations.

This is the current political climate in Italy—and in other countries, as well.

Story 2: The region of South Tyrol, part of the Austrian Hapsburg empire until the close of World War I, still includes many people who speak German. Austria’s far-right Freedom Party has floated a plan to give these people, and those who speak a local language known as Ladin, Austrian citizenship.

Trouble is… South Tyrol has been part of Italy for 99 years, and many Italians, including Salvini, say Austria has no right to grant Italians dual citizenship. Complicating matters further, the Austrian offer only applies to residents of South Tyrol who speak German (60 percent) or Ladin (4 percent). Italian speakers need not apply.

The irony is that nationalists in Italy and Austria will shake fists at one another over this controversy, but both groups benefit from it with supporters at home. It’s a win-win political fight—unless and until it’s resolved, and someone must publicly accept defeat.

Story 3: Finally, there is the story that will impact the largest number of people. The European Commission took the unprecedented step this week of rejecting a proposed member-state budget, this one from Italy. The two parties currently in power in Italy were delighted with the news.

The Five-Star Movement, the largest vote-getter at the last election, wants to offer struggling Italian families, particularly in Italy’s poorer south, with universal basic income. Its junior coalition partner, Lega, wants tax cuts for the more prosperous northern provinces. Together, they submitted a budget which the Commission says will blow up Italy’s already high debt and threaten Europe’s economic stability.

Why are Five-Star and Lega so happy? EU rejection of this budget allows them to blame European bureaucrats for economic hardship in Europe and to present themselves to Italian voters and taxpayers as fearless protectors of Italian independence against the bullies from Brussels.

The informal response from Five-Star and Lega officials has been a closed fist waving the Italian flag. Their formal response will come in the next two weeks. The bad news for Italy: Financial markets may decide in the meantime that Italy is no longer a good bet, dramatically raising borrowing costs for the government and political trouble for all concerned.

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In the lead-up to this year's COP26 climate summit in Glasgow, much of the attention has been focused on last summer's wildfires across the US and Europe, and more recently skyrocketing European energy prices. But what about Asia, the world's biggest and most populated region, which also has the highest share of global carbon dioxide emissions that cause global warming? Asia has unique climate risks but also many opportunities for solutions, and whatever happens at COP26, Asian countries led by China and India are primed to lead the world in the struggle to make the planet greener before it's too late. In a live discussion moderated by Shari Friedman, Eurasia Group's Managing Director of Climate and Sustainability, global experts discussed these and other topics during the first of a two-part Sustainability Leaders Summit sponsored by Suntory.

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We're just days away from COP26, the landmark global climate conference that's been dubbed the last chance to get the climate crisis in check. In the lead-up to the event in Glasgow, dozens of countries have released new ambitions to reduce their future carbon footprints. For years, climate activists and experts have called on governments to introduce carbon pricing schemes – either through taxes or emissions-trading schemes. So who's heeded the warning? We take a look at the top ten carbon emitters' share of global emissions and details about their respective national carbon pricing schemes.

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

Do cryptocurrencies make it harder to enforce foreign policy sanctions?

Well, that is exactly what the Biden administration worries about. As part of growing concerns of whether unregulated currencies undermine a whole host of policies, sanctions and foreign or trade policy should be a priority area. And just like others who wish to evade tracing of their wealth or transactions, the very states or their sanctioned entities should be assumed to resort to all options to evade restrictions while continuing to do business. So having cryptocurrencies undermining the ability to enforce strategic goals logically raises eyebrows in Washington.

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Back in August, when the Taliban took over, we asked whether anyone in the international community would recognize them. Now it looks like things are heading that way.

This week, the Kremlin hosted a summit with the Taliban that was attended by China, India and Pakistan, as well as all five Central Asian Republics.

The domestically-focused US, however, wasn't there. The US continues to maintain that the Taliban can't be trusted. But does it matter? In 2021 does a Taliban-led government even need American recognition to function and thrive?

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For Kevin Rudd, former Australian PM and now CEO of the Asia Society, the science on climate change is pretty much done, so the only unresolved issues are tech and — more importantly — lack of political leadership. He can't think of a single national political leader who can fill the role, and says the only way to get political action on climate is to mobilize public opinion.

Rudd joined for the first of a two-part Sustainability Leaders Summit livestream conversation sponsored by Suntory. Watch here and register here to watch part two Friday 10/22 at 8 am ET.

Taking place on October 21 and 22, the Sustainability Leaders Summit will go beyond preexisting narratives and debate priorities for governments and industries ahead of COP26. Placing the spotlight on Asia's role in the global sustainability agenda, the event will address whether Asian countries and companies can achieve shared sustainability goals, and what is needed to help get them there. The summit will be co-hosted by Tak Niinami, CEO of Suntory Holdings, and Ian Bremmer, founder and president of Eurasia Group and GZERO Media. We will address three key questions: How can Asian countries, with the help of the private sector, achieve shared Sustainability Goals? Why does this matter? And what are the policy changes needed to bring it about?

Attendance is free and open to the public. Register to attend.

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The minutiae of supply chains makes for boring dinner table talk, but it's increasingly becoming a hot topic of conversation now that packages are taking much longer to arrive in the consumer-oriented US, while prices of goods soar.

With the issue unlikely to be resolved anytime soon, right-wing media have dubbed President Biden the Grinch Who Stole Christmas, conjuring images of sad Christmas trees surrounded by distraught children whose holiday gifts are stuck somewhere in the Pacific Ocean.

It hasn't been a good run for Uncle Joe in recent months. What issues are tripping him up?

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