Posts tagged ‘Europe’

Thursday, August 11, 2016

Bank of China: Brexit Risks and Opportunities

The following is an article initially published by Pengpai News (澎湃新闻), an internet news portal apparently operated by Oriental Morning Post (or Dongfang Morning Post),  a paper from Shanghai. According to Radio Free Asia (RFA), the paper’s then director Lu Yan (陆炎) and  deputy editor-in-chief Sun Jian (孙鉴) were removed from their posts in summer 2012. According to the Committee to Protect Journalists (CPJ), Yu Zhengsheng (俞正声), Shanghai CCP secretary at the time, had been “unhappy” with Oriental’s stories. Sun Jian apparently re-emerged later, as the name was mentioned as the concurrent director of  Oriental Morning Post’s and Pengpai News’ economy and finance news centers, in a “People’s Daily” article published in 2015, praising the innovative practice at integrating the paper and its internet platform.

Either way, the news portal’s article about the BoC’s meetings with overseas financial administration dignitaries apparently appealed to the Communist central bankers – it was republished on the BoC’s website, two days after its original publication. Here goes.

The last meeting of G-20 finance ministers and central bank governors before the G-20 summit in Hangzhou was held in Chengdu, with [Chinese] central bank governor Zhou Xiaochuan opening intensive meetings with high monetary officials from a number of countries.

G20杭州峰会前最后一次G20财长和央行行长会议在成都召开,央行行长周小川又开启了密集会见各国财金高官模式。

According to the People’s Bank of China’s official website, Zhou Xiaochuan, on July 23, met with American treasury secretary Jack Lew, Britain’s newly-appointed chancellor of the exchequer Philip Hammond, Argentine finance minister Alfonso Prat-Gay and Argentine central bank governor Federico Sturzenegger.
That said, this kind of officially issued information is generally rather simple. For example, at the meeting with the British finance minister, the two sides exchanged views on Britain’s withdrawal from the EU, the strengthening of Sino-British financial cooperation and other issues; at the meeting with the US finance minister, the two sides mainly exchanged views on the global financial markets’ situation, about the Chinese and American economies and finances, and policy coordination under the G-20 framework; and at the meeting with the two high Argentine officials, the two sides exchanged views on the international economic and financial situation, the macroeconomic Chinese and Argentine situations, the strengthening of Sino-Argentine financial cooperation and other issues.

据中国人民银行官网消息,7月23日,周小川已先后会见了美国财长雅各布•卢、英国新任财政大臣哈蒙德、阿根廷财政部长盖伊和阿根廷央行行长斯图森内格。
不过,这类会见官方发布信息均比较简单。比如,会见英国财长,双方就英国退欧、加强中英两国金融合作等议题交换了意见;会见美国财长,双方主要就近期全球金融市场形势、中国和美国经济金融形势,以及G20框架下的政策协调等问题交换了意见;会见阿根廷两高官,双方主要就国际经济金融形势、中阿宏观经济状况,以及加强中阿两国金融合作等议题交换了意见。

Currently, Britain’s withdrawal from the EU is undoubtedly a hot topic, but the central bank didn’t disclose any details. Still, the British finance minister’s time’s itinerary suggests that while withdrawing from the EU, they didn’t forget to to sell themselves.

眼下,英国退欧无疑是热门话题,不过央行并未透露任何细节。但从英国财政部此次行程来看,他们在退欧的同时,仍不忘推销自己。

According to the Bank of China, the “Sino-British Financial Services Round Table Meeting”, organized by the British embassy and co-hosted by the Bank of China, was held in the BoC’s head office’s mansion in Beijing, on July 22. British chancellor of the exchequer Philip Hammond, British deputy chancellor of the exchequer [Mark Bowen?], British Ambassador to China Dame Barbara Woodward and other British government representatives, as well as People’s Bank, the CBRC, the State Administration of Foreign Exchange, and big financial organisations and more than 40 high-ranking officials were guests at this meeting.

据中国银行消息,7月22日,由英国大使馆主办、中国银行协办的“中英金融服务圆桌会”在北京中国银行总行大厦举行。英国财政大臣菲利浦•哈蒙德、英国财政部副部长马克•博文、英国驻华大使吴百纳女爵士等英方政府代表,以及人民银行、银监会、外管局和中英两国大型金融机构的高管共约40多人作为受邀嘉宾出席了本次会议。

Hammond said at the meeting that the British economic fundamentals after the “Brexit” referendum remained fine, that Britain would continue to play an important role in the international arena, that British commerce, financial services and investment would, just as in the past, be open and competitive, and the British government would attach yet more attention to cooperation with China in the financial field.

哈蒙德在会上表示,英国公投“脱欧”后经济基本面依然良好,英国将继续在国际舞台上扮演重要角色,英国的商务、金融服务和投资领域也将一如既往地呈现开放、竞争的态势,英国政府将会更加重视在金融服务领域与中国的合作。

Chairman of the BoC board Tian Guoli said that Britain’s position in the fields of international politics, economics, and finance was highly influential. As far as Chinese and British investors were concerned, there were interdependent “risks” and “opportunities” in the “Brexit”, with both challenges and opportunities. To safeguard Chinese and British investors’ interests, there should be a continuation of promoting the two countries’ economic and trade development, global financial stability, the suggested common promotion of the building of “one belt, one road”, active participation in China’s supply-side structural reforms, the strengthening of financial cooperation, and the acceleraton of building London as an offshore center for the RMB.

中行董事长田国立则表示,英国在国际政治、经济、金融领域的地位举足轻重。对中英两国投资人而言,英国“脱欧”“危”“机”相倚,挑战与机遇并存。为守护中英投资人利益、持续推动两国经贸发展、促进全球金融稳定,建议中英双方共同推动“一带一路”建设,积极参与中国供给侧结构性改革,强化金融合作,加快伦敦人民币离岸中心建设。

At the meeting, participants discussed the two topics of “Seen from the perspective of the financial industry, Britain after the ‘Brexit’ remains a good destination for overseas investment” and “The important role of Britain as a good partner in the development and opening of the Chinese financial industry”.

会谈中,与会代表就“从金融业角度看英国‘脱欧’后仍是海外投资的良好目的地”和“在中国金融业发展开放过程中,英国如何发挥好合作伙伴的重要作用”两个议题展开讨论。

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Related

» Whose Gateway, Nov 24, 2015
» 媒体融合中, “People’s Daily” online, Sept 17, 2015
» Locomotion, Finance, Energy, July 27, 2014
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Updates/Related

» Propaganda 2.0, The Economist, Dec 13, 2014
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Thursday, July 21, 2016

Huanqiu Shibao: Will Turkey turn East?

Chinese media provide relatively very little opinion on the coup attempt in Turkey and its aftermath, and prefer to quote foreign media. However, the choice of information sources may indicate where Chinese media pay special attention, and the article translated here ends with a bit of expertise from Chinese academia.

The following is a translation of a press review of sorts, originally from Huanqiu Shibao, and republished by china.com, a news portal in a number of languages (including Mandarin), that is apparently operated by Global Broadcasting Media Group, which in turn is operated by China Radio International (CRI). Global Broadcasting Media Group, as CRI’s investment vehicle, is also known as “Guoguang”. The following article – or my translation of it, for that matter – may or may not reflect the quoted sources accurately.

Links within blockquotes added during translation.

The BBC reported on July 20 that the purge of so many people had led to concern among international observers, and that the United Nations were working on making sure that Turkey maintained the essence of the rule of law, and protected human rights. Germany, on July 20, condemned the growing purges by the Turkish government even more directly. Government spokesman Steffen Seibert said, “we see actions almost daily that damage the rule of law, with measures whose force exceeds the seriousness of the problems.” Some of the measures were deeply disturbing, and unconstitutional.

英国广播公司20日报道称,如此众多的人员被清洗已经引起国际观察家的关注,联合国在努力确保土耳其坚持法治精神和维护人权。德国20日则更为直接地对土耳其政府升级整肃行动表示谴责。德国政府发言人斯特芬·塞伯特说,“我们几乎每天都看到破坏法治的新举动,措施力度超出了问题的严重性”,有些措施是令人深感不安、违背宪法的做法。

Associated Press quoted EU Parliament speaker Martin Schulz as saying that Turkey was now carrying out “retaliation” against opponents and critics, and the debate about the reintroduction of the death penalty was “absolutely worrying”. The EU has warned that such a move would spell the end of EU accession negotiations with Turkey.

美联社援引欧洲议会议长舒尔茨的话说,土耳其正在对反对者和批评者实施“报复”,围绕恢复死刑展开的争论“非常令人担忧”。欧盟已经警告,这样做将意味着土耳其加入欧盟谈判的终结。

A White House statement on Tuesday said that President Barack Obama, during a telephone conversation with Erdogan, “had urged respect for the law while investigating those involved in the coup, in a way that would strengthen public trust in the democratic system.” However, the problem US-Turkish relations were facing go far beyond the protection of rule of law and of democracy.

美国白宫在周二的声明中说,总统奥巴马在与埃尔多安的电话中“敦促对参与政变者的调查应该遵守法律,并以增强公众对民主体系信心的方式进行”。但对美国来说,美土关系需要面对的问题远不止维护法治和民主。

According to a “New York Times” report, Turkish officials, including the foreign minister, demanded on July 19 that America extradite Fethullah Gülen. On that day, the White House confirmed it had received electronic documents from Turkey that was meant to serve as evidence. However, it was not clear if a formal request for extradition had already been made. “The ministry of justice will examine this material in accordance with the extradition treaty between our two countries,” White House spokesman Josh Earnest said. CNN said that according to the extradition treaty between America and Turkey, treason [as a reason for extradition] did not apply, but Turkey had given exactly that reason for its request. When asked if the Turkish government had any evidence for this, Turkish deputy prime minister Kurtulmus said that Turkey knew clearly that Gülen was the manipulator behind the scene, just as America knew that bin Laden had been the conspirator of “9-11”.

据美国《纽约时报》报道,包括外长在内的土耳其官员19日要求美国交出居伦。当天,白宫证实已经收到土耳其提供的作为证据的电子文档。但不清楚土方 是否已经正式提出引渡要求。“司法部和国务院将根据两国之间的引渡条约审视这些材料。”白宫发言人厄内斯特说。美国有线电视新闻网(CNN)说,根据美土 达成的引渡协议,叛国罪并不适用,但土耳其正是以此提出引渡居伦。在被问及土政府对此有何证据时,土副总理库尔图尔穆说,土耳其明确知道居伦在幕后操纵, 就像当年美国知道拉登是“9·11”主谋一样。

David Ignatius, a “Washington Post” columnist, writes that within the clamor of the coup aftermath, the US-Turkish relations, which had already been tense, could get into new difficulties, with the demand of extraditing Gülen as the most immediate test. Given the US and EU concern about the Erdogan government’s human rights record, this issue would be complicated. There were serious differences between the two sides about strategies of strikes against IS in Syria. During the past few years, the American-Turkish relations had come across as those between friends who were breaking up.

美国《华盛顿邮报》专栏作家大卫·伊格拉蒂尔斯撰文说,在政变之后的喧嚣中,华盛顿和安卡拉之间业已紧张的关系将陷入新困境,要求遣返居伦是最直接 的考验。考虑到美欧此前对埃尔多安政府人权记录的批评,此事将相当复杂。在叙利亚打击IS的战略上,双方已经分歧严重。近几年的美土关系向外界展示了一对 朋友如何一拍两散。

Could Turkey become an ally of Russia? Russia’s [online paper] Vzglyad writes in an editorial that Turkish prime minister [Yildirim] had already said, Ankara could review Turkish-US relations if America refused to extradite Gülen. Russia’s Izvestia quoted the Russian Academy of Sciences Oriental Institute’s Gadzhiev as believing that while it was premature to say that Turkey would completely turn to Russia, there could be some change. German Global News Network*) commented that a coup was now changing Turkey, and possibly the Middle East. Turkey didn’t trust America any longer, and the Middle East’s future could become more complicated.

土耳其可能因此成为俄罗斯的战略盟友吗?俄罗斯《观点报》以此为题评论说,土耳其总理已经表示,安卡拉或因美拒绝交出居伦而重新审视与美国的关系。 俄罗斯《消息报》20日援引俄东方学研究所专家加日耶夫认为,虽然说土耳其的对外政策将全面转向俄罗斯为时尚早,但会有所变化。德国全球新闻网评论说,一 场政变正在改变土耳其,也将改变中东。土耳其不再信任美国,中东的未来将更加复杂。

But Li Weijian [apparently a researcher from Shanghai International Issues Research Institute – not previously mentioned in the article] thinks that Erdogan’s intention is to broaden his presidential powers and pave the way for the implementation of domestic policies and of diplomacy, and this wouldn’t necessarily constitute fundamental regional or global change. In an interview with “Huanqiu Shibao” he said, Erdogan had always maintained [an approach of] benefitting from West and East alike, and would keep to this strategy.

但李伟建认为,埃尔多安的意图在于扩大其总统权力,为内政外交政策的实施铺平道路,这未必会对地区关系和世界格局构成彻底改变。他在接受《环球时报》记者采访时说,埃尔多安一直以来秉持在西方与中东间左右逢源,这一战略会继续。

(Huanqiu Shibao special correspondents from Turkey, Germany, Egypt – Ji Shuangcheng, Qing Mu, Wang Yunsong and Huanqiu Shibao reporter Bai Yunyi, Ren Zhong, Zhen Xiang, Liu Yupeng]

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*) Not known to me, or not under this name – JR

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Sunday, May 22, 2016

America, Japan: a more equal Relationship?

US President Barack Obama gave NHK an exclusive interview ahead of his arrival in Japan, reports NHK, emphasizing that Obama would be the first sitting US President to visit the atomic-bombed city.

A full account of the interview doesn’t seem to be available online yet. NHK provides a video with excerpts from the interview.

News like this doesn’t make much sense without context. US-Japan relations, frequently dubbed one of the closest alliances worldwide, were contentious in 2009, according to the New York Times. At the time, Japan had just seen its first transition of power from one political party to another, and the Hatoyama government – in short – called for a more equal relationship with the United States, with a number of possible ramifications.

The departure from the usual Liberal-Democrats rule in Japan was only an interlude. And a nation’s foreign policies are usually bi-partisan, or meta-partisan – in Japan, too.

From the Middle East to Ukraine, questions are being asked about the U.S. ability and willingness to maintain peace. If it cannot or will not, who will fill the void?,

the Nikkei Asian Review asked in May 2015.

Japan sees its future more within Asia, the NYT quoted Eswar S. Prasad back then. That, however, doesn’t necessarily benefit Sino-Japanese relations, as suggested by the NYT six years earlier. Rather, Japan appears to be warming to Russia.

Japan and Russia have especially found ample opportunity to conduct a coordinated response to the most recent security crisis in North Korea. Japan and Russia have also sought to increase their economic and financial ties, which are particularly important for the development of the Russian Far East,

Anthony Rinna of the Sino-NK research group noted in March this year. The Russian pivot to the East – possibly with a lot of help from Tokyo – was hampered by two obstacles however, Rinna cautioned: the long-standing dispute over the Kuril Islands, and Japan’s alignment with the West over the Ukraine crisis.

And while

the containment of China remains the primary purpose of the Japan-U.S. defense apparatus, U.S. strategic containment of Russia also continues to be an important factor in the Japan-U.S. alliance, which comprises one key flank of the American strategic posture in Asia,

Rinna added.

But being part of an alliance doesn’t mean that Japan would forgo foreign policies of its own. When Obama (reportedly) tried to talk Japanese prime minister Abe out of a meeting with Russian president Vladimir Putin, his appeal was unsuccessful.

It’s not only Japan who needs to take existing alliances into consideration. The same is true for Russia – but less so than Japan. Russian obligations toward China can’t be compared to Japan’s obligations toward America. That may not be a general opinion in China, but observers who watch the developments probably wouldn’t be caught by surprise if Russia and Japan were to sign a peace treaty in the not too distant future.

In December 2013, Cui Heng (崔珩) of the East China Normal University’s Russia Research Center in Shanghai, published an opinion on the China Internet Information Center (中国网) website. Titled “Russia won’t keep away from Japan because of Russia-Chinese relations”, Cui’s article pointed out that Russia’s preparedness to be considerate of China was limited, even though Sino-Russian relations were “at their best in history”.

Abe’s generation in particular had, because of their country’s economic successes, developed a sense of national greatness, and were seeking normalization for Japanese statehood. The economic revival after Abe’s taking office [there was a revival indeed, three years ago] had added to this conscience among Japanese politicians, Cui wrote. Ending the official state of war with Russia would be part of normalization. Even if hardly relevant in military terms, the status quo weighed heavily in terms of in terms of symbolism.

By coming to formally peaceful terms with Russia, Japan could also shed its status as a defeated country, Cui argued, and then addressed a factor that made Russia’s perception of Japan different from both China’s, and America’s:

Russia isn’t only prepared to develop beneficial relations with Japan for geopolitical reasons. In Russian historical memory, there isn’t much hate against Japan. During the age of the great empires, Japanese-Russian relations in the Far East were of a competitive nature. Many Russians still talk about the 1905 defeat, but the Far East wasn’t considered a place that would hit Russian nerve as hard as the crushing defeat in the Crimean war. Back then, Japan wasn’t perceived as a threat for Russia, and from another perspective, if there had been anti-Japanese feelings, there wouldn’t have been a revolution. According to perception back then, the [1905] defeat was a result of the Russian government’s incompetence, not [brought about by] a strong adversary. The outstanding achievements of the Soviet Red Army in 1945 led to a great [positive] Russian attitude, but still without considering Japan a great enemy.

By visiting Hiroshima, Obama appears to make a concession to Tokyo’s desire for “normalization”. Of course, few decisions are made for only one reason – they are part of a network, or hierarchy, of objectives. One objective was stated by Obama himself – that we should continue to strive for a world without nuclear weapons.

There is no great likelihood that Japan would shift away from the alliance with Washington. Japan’s distrust of China probably outweighs even America’s. That’s a stabilizing factor in US-Japanese relations.

But Tokyo is certainly trying to put its relations with America on a more equal footing – not just formally, but by creating diplomatic and economic facts that will help to further this aim.

Russia’s Far East is nothing to disregard, in terms of its economic potential. Japan can do business with Ukraine, and with Russia, and is likely to cooperate with both.

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Related

Shared Concern, Nov 11, 2015
Greater Contributions, April 25, 2014

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Sunday, May 22, 2016

Is the Left right after all?

Thanks for → asking, Mr. Moore. It’s only a first step, and a late one at that, but if the left is as dumb and if conservatives are as smart as you claim, I’m sure you’ll arrive at some good conclusions. Will you continue to ask these questions after Brexit, too?

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Related

Bigoted elite, Charles Moore/Telegraph, March 4, 2016

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Friday, May 20, 2016

Shortwave Logs, April/May 2016: Okeechobee and the World

The Okeechobee Music & Arts Festival was going to “put Okeechobee on the map, worldwide”, organizers of the event were quoted in September last year.

But listen, toffee-nosed little startup: Okeechobee, Florida, has been on the world map for decades. WYFR, a religious shortwave broadcaster, operated transmitters there from the late 1970s to 2013, and relayed Radio Taiwan International (initially “Voice of Free China”) broadcasts to the Western hemisphere.

QSL Card, RTI Taipei, Taiwan

The easier way to get a QSL card confirming Okeechobee:
write to Radio Taiwan International (Spanish service)

Even the end of the world (and of all world maps, for that matter) was announced from Okeechobee. Granted, the studios were based in California, but anyway.

The WYFR transmission site was bought by WRMI, another broadcaster in Florida, in 2013, less than half a year after WYFR had ceased operation. WRMI’s broadcasting schedule looks like a who-is-who of European broadcasters who abandoned shortwave in recent years, and who now re-appear on WRMI. The schedule looks pretty complicated to me, but if you switch on your radio somewhere in northern-central Europe during the second half of the night, you are likely to hear some of them on 11580 kHz: Radio Ukraine International from 23:30 to 23:59 UTC, and then Radio Slovakia, for example.

Later in the night (or early morning), it will be  Ralph Gordon Stair, a usually ill-tempered preacher. So to quite a degree, the transmission site has remained religious, because Stair buys tons of airtime, via satellite and shortwave – from WRMI not least.

Stair considers himself a prophet and shows some interest in the future of Donald Trump,  New York City, and US-North Korean relations.*)

Whichever way you look at it, Okeechobee is likely to remain on the world map. Until doomsday, anyway.

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The A-16 broadcasting season started on March 27 (and will end late in October). The following is a list of some of my listening logs during the past few weeks, in northern Germany.
International Telecommunication Union letter codes used in the table underneath:

ALB – Albania; ARG – Argentina; AUS – Australia; D – Germany; KRE – North Korea; KOR – South Korea; NZL – New Zealand; PHL – Philippines; SVNSlovakia Slovenia; USA – United States of America.

Languages (“L.”):

C – Chinese; E – English; F – French; G – German; K – Korean. The table underneath might appear messy unless you click the headline of this particular post – or it may remain invisible unless you click “continue reading”.

Tuesday, April 26, 2016

Pinneberg Meteorological Broadcasting Station

The Pinneberg shortwave broadcasting service, operated by Deutscher Wetterdienst (DWD, German Meteorological Service) has caught the attention of one of neighboring Hamburg’s newspapers, the Hamburger Abendblatt. In their Pinneberg category, they describe the 42-K-inhabitants town as meteorological radio’s navel of the world (that’s the opposite of the butt of the world), and provide a bit of technical information: 16 transmitters for short-, medium- and shortwave are reportedly in use at the Pinneberg site, and the shortwave signals among them “can easily circle the world”, but that the service reportedly focuses mainly on the North Atlantic, the North Sea, the Baltic, and the Mediterranean Sea.

DWD is part of the German ministry of transportation. According to Hamburger Abendblatt, the now DWD-operated Pinneberg service was established in the 1930s, then as a Ministry of Aviation overseas transmission site.

Four technicians make sure that the site runs smoothly – they do not do the weather reports, however, according to a technician quoted in the report – the spoken ones (see GERMANY. 5905.00, *1204-1221* there) are computer voices. There is a local color to them, however, as they come with a distinctly northern German accent. In my place, less than 100 km south-west of Hamburg, reception of the daytime transmissons on 5905 kHz requires neither USB mode nor anything beyond the built-in telescopic antenna of an ordinary shortwave receiver. (I haven’t tried the evening transmission yet.)

Not surprisingly, reception appears to be good in the Russian town of Semiluki, too:

But even on the opposite side of the world (if Pinneberg is the navel of the world, guess what the opposite is), a portable receiver can do a good job – a Sangean ATS-909X receiver in this case, used in Hira, New Zealand, according to a Youtube user:

Recently posted schedules suggest that broadcasts can be heard

from 06:00 to 06:30 UTC,
from 12:00 to 12:00 UTC, and
from 20:00 to 20:30 UTC,

[Update May 21: there’s no evening broadcast]

all of them on 5905 kHz, seven days a week.

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Update:

The signal is usually there in time, and signs off after exactly 30 minutes,, but the actual shipping reports may begin with a delay of four or five minutes, and also end a few minutes early. If you hear nothing on the full hour, a bit of patience may be useful.
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Friday, April 15, 2016

Monument Policies (1): Poland

As Poland celebrates 1,050 years of Christianity in Poland, the country’s right-wing government is pushing the country’s European heritage as the EU steps up its criticism, writes Deutsche Welle (DW), Germany’s international media platform. The news article seems to reflect the general angle of the German press on Polish current affairs quite well, although  milder than some German-language reports, even at DW itself, where a headline in February read Polen: Muslime unerwünscht (“Muslims unwelcome”, a choice of words that triggers memories of “Jews unwelcome”, a notice on many German doors, especially once the Nazis had come to power. Dirty German history at Poland’s expense, in only two words.

Coverage on Poland

DW: How ugly of you, Poland

Not all is well between Brussels and Warsaw, as an article by DW correspondent Barbara Wesel reflected in December, after the Polish government’s attack on the country’s supreme court, and its state media:

Polen is the biggest net recipient of EU funding in all of Europe. And Warsaw is wrong if only sees the European capital as the main cashier’s window. From there, obligations accrue, too. The number one obligation is to observe the rules of the club. If Jarosław Kaczyński believes he can impudently defy them, he needs to be disabused. Unfortunately, there are barely ways of imposing official financial sanctions, but maybe all sorts of mistakes can be found in future Polish project proposals… Rudeness like that of the Law-and-Justice party chief needs to be answered with rudeness.

Polen ist der größte Netto-Empfänger von EU-Fördermitteln in ganz Europa. Und Warschau irrt, wenn es in der europäischen Hauptstadt nur die Hauptkasse sieht. Daraus erwachsen auch Verpflichtungen. Erste Pflicht ist auf jeden Fall, die Regeln des Clubs einzuhalten. Wenn Jaroslaw Kaczynski glaubt, er könne sich frech darüber hinweg setzen, muss er eines Besseren belehrt werden. Leider gibt es in der EU kaum Möglichkeiten, offiziell finanzielle Sanktionen zu verhängen. Aber vielleicht finden sich ja allerhand Fehler in künftigen polnischen Projektanträgen… Auf einen so groben Klotz wie den polnischen PiS-Parteichef gehört ein grober Keil.

This kind of creative anger – probably indicative of the general mood among the political class in the City of Brussels – is a somewhat unpleasant sight, especially when Germans wield the financial club. Nothing is forgotten in Poland: no pressure, no words, which above all shouldn’t come from German mouths, will dissuade us, German news magazine Der Spiegel quoted Jarosław Kaczyński in January.

Kaczyński’s policies may be facing widespread opposition in Poland by now – but with comments like these, he may be able to reach some of his opponents, too.

Brussels and Berlin seem to understand that. While wide swathes of German press coverage is pulling Polish policies to pieces, German and EU diplomacy remain … well … diplomatic.

And the real dark clouds, from Warsaw’s point of view, are gathering in the West, from the direction of another complicated neighbor. That would be Russia. When it comes to the Katyn massacre, for years, “the blame for the killings was alternately attributed to the Germans and the Russians”, a Radio Poland continuity announcement informed the station’s listeners on Wednesday (7th minute), Poland’s official day of remembrance. The report that followed the announcement was more accurate, stating that the Soviet Union (the Soviet NKVD) had been responsible.

In the same broadcast, German journalist Boris Reitschuster is interviewed (20th minute) about his latest book (to be published on Friday, April 15) about Putin’s Secret Army. (Whatever may be said about the book (in terms of reliability or otherwise), conservative press people appear to be fans, while liberal and leftist publications don’t display nearly as much fascination.)

There was no official mention of the tragedy in Poland during the communist rule nor much was said in the West, which is also guilty of concealing evidence of the Stalinist crime,

Radio Poland said on Wednesday.

Maybe it’s this mood that defines the current mission of Polish remembrance policies: 500 monuments to the Soviet soldiers, who drove the German Wehrmacht out of Poland in 1944/1945, are scheduled to be demolished (CNBC) or removed (Newsweek).

It’s not the first action of this kind, but it is now reportedly the Polish state Institute for National Remembrance (INR) that calls on regional authorities to dismantle the monuments. It could become a comprehensive measure.

And at the same time, Polish media discuss the positive symbols that shall replace those from the communist era. A Radio Poland press review, still on April 13:

Back to Rzeczpospolita now which claims that President Lech Kaczyński, who was killed in the plane crash in Russia six years ago, deserves a dignified memorial in the Polish capital. Having in mind, however, deep divisions in Polish society surrounding the circumstances of the crash, it is not a good idea to erect such a memorial in front of the presidential palace, as is proposed by the Law and Justice Party. The Rzeczpospolita columnist thinks that hospitals, schools and libraries built from public funds and named after the late president would be a better way of remembering President Kaczyński, and of bridging the divides within Polish society.

The presidential palace in Warsaw may have to wait for its copy, but this what the presidential memorial might look like.

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Notes

纪念“卡廷惨案”受害者的橡树, CRI, April 14, 2016
Instructions Importantes, CRI, April 12, 2016
Lech Kaczyński, 1949 – 2010, April 10, 2010

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Friday, April 8, 2016

The Panama Papers: Invested, but not Koppied

You needn’t be there yourself, but should your money? Those places are beginning to look like those parties you simply have to get an invitation to, if you want to matter: the “havens” where (many of) the rich and beautiful put their money. The Virgin Islands, for example. Or Panama. Or Luxemburg? Not sure. Ask a bank.

Reportedly, some members of Vladimir Putin‘s tight-knit inner circle do it. Reportedly, Hong Kong movie star Jackie Chan (成龍) does it. So do Thais. Lots of Indians, too. And maybe many Americans, but elsewhere.

Others, also reportedly, did so in the past. One of them even says that he lost money in the game.

But not so fast. Media tend to scandalize everything, don’t they?

According to ICIJ, the documents make public the offshore accounts of 140 politicians and public officials. The documents don’t necessarily detail anything illegal, but they do shine a light on the shadowy world of offshore finances,

National Public Radio (NPR) informs its listeners.

So, let’s not jump to conclusions. The problem, either way, is that the investors’ countries’ governments can’t get a picture of what is there. And once an investor is found on a list like the “Panama Papers”, with investments or activities formerly unknown to his country’s fiscal authorities (and/or the public), he’s got something to explain.

Like Argentine president Mauricio Macri, for example.

So, it’s beautiful to have some money there.

Unless the public begins to continuously ask questions about it.

Timely Exits from Paradise

If British prime minister David Cameron is right, the money he and his wife earned from an offshore trust were taxed. His problem, then, would be the general suspicon of the business.

The Cameron couple reportedly sold their shares in question in 2010, the year he became prime minister.

“Best Effect” and “Wealth Ming” reportedly ceased operations in 2012 and/or 2013. That was when CCP secretary general and state chairman Xi Jinping took his top positions. The two companies had been run in the Virgin Islands, and Deng Jiagui (邓家贵), husband to Xi’s older sister, had been the owner, Singaporean paper Zaobao reported on Tuesday.

And then, there’s Tsai Ying-yang (蔡瀛陽), one of the 16,785 Taiwanese Mossack Fonseca customers, the law firm the “Panama Papers” were leaked from. According to his lawyer, Lien Yuen-lung (連元龍), Tsay Ying-yang terminated his Koppie Limited company as soon as in 2009, the year following its establishment, so as to cut the losses – 30 percent of the investment, according to a phone interview Lien gave Reuters, as quoted by the Straits Times.

Tsai Ing-wen hasn’t commented herself, and maybe, she won’t any time soon. It doesn’t seem that too much pressure has mounted so far. But questions are asked all the same. On Wednesday, KMT legislators William Tseng (曾銘宗), Johnny Chiang (江啟臣), and Lee Yan-hsiu (李彥秀) told a press conference that in the “many cases” where the Tsai family had encountered controversy, Tsai Ying-yangs name had emerged, and this “gave cause for doubts” (會起人疑竇).

An Emerging KMT Opposition Pattern

William Tseng may become a regular questioner, concerning the financial affairs of Tsai’s family people. One of the “controversies” he had quoted had been the issue of a press conference on March 24. There, with different KMT colleagues,  but the same kind of artwork on the wall behind the panel, showing the suspect of the day, Tseng dealt with the issue of Academica Sinica president Wong Chi-huey‘s daughter’s role as a shareholder of OBI Pharma Inc..

KMT legislators press conference artwork

KMT representations:
Mind the guys in the background

One of his fellow legislators, Alicia Wang (王育敏), raised the issue of the company’s shareholder structure (and neatly placed Tsai’s brother there, too, maybe just to make his name available for quote by Tseng on other occasions:

“President-elect Tsai Ing-wen’s (蔡英文) brother and sister-in-law are also shareholders, and so is Wong’s daughter, Wong Yu-shioh (翁郁秀). Are others involved?”

Diplomatic Relations, but no Tax Treaty

The “Panama Papers”, as far as they concern Taiwanese customers, contain not only individuals, but companies, too: Taiwan Semiconductor Manufacturing (founding chairman Morris Chang, who served Taiwan as APEC representative in 2006), TransAsia Airways (more recently in the news for the tragic Flight 235 crash), Yang Ming Marine Transport Corporation, Wei Chuan Food Corporation (in the news since 2013), and the Executive Yuan’s National Development Fund.

The Development Fund was not a taxable organization, Taiwan’s foreign broadcaster Radio Taiwan International (RTI) quotes finance minister Chang Sheng-ford. He used the example to make the point that to suggest that some 16,000 keyword search results for Taiwan in the “Panama Papers” did not signify 16,000 cases of tax evasion. That’s just not the way to look at it.

Chang reportedly also said that while, “if necessary”, Taiwan would establish a Panama Papers working group and start investigating the most high risk people and agencies for tax evasion, the country had no tax treaty with Panama. Also, a Taiwanese anti-tax evasion law had not yet been passed.

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Related

The Panama Papers
Achselzucken schadet, Der Freitag, Apr 7, 2016
The Panama Papers, FoarP, Apr 6, 2016

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