Stratfor: Europe, Unemployment and Instability

By George Friedman, Founder and Chairman, Stratfor The global financial crisis of 2008 has slowly yielded to a global unemployment crisis. This unemployment crisis will, fairly quickly, give way to a political crisis. The crisis involves all three of the major pillars of the global system — Europe, China and the United States. The level of …

Stratfor: Avoiding the Wars That Never End

By George Friedman, Stratfor Founder and Chief Executive Officer Last week, U.S. President Barack Obama announced that the United States would transfer the primary responsibility for combat operations in Afghanistan to the Afghan military in the coming months, a major step toward the withdrawal of U.S. forces. Also last week, France began an intervention in …

The Future of the Global Wine Industry

by Elliott Morss Introduction Over the last 30 years, dramatic changes in the wine industry have occured. From being almost completely domiciled in four European countries (France, Italy, Spain, and Germany), it has spread worldwide to include the US, Australia, Argentina, New Zealand, South Africa, Chile and yes, China (7th largest producer in 2011). What …

Portfolio: Preparing for Greece’s Failure

The financial news of the week again is about the eurozone and we are seeing lots of entities come up with lots of possible solutions about how to solve the eurozone problem. They all of course rest on what to do about Greece. The problem is, they are coming from the wrong angle. From STRATFOR’s point of view, Greece does not have a particularly bright future as a state before the eurozone crisis is taken into account.

Global Wine Market: How Europe Competes

There is a sense that European wines, while good, are expensive. In actual fact, European wines compete price-wise with Southern Hemisphere wines. The following table provides data on wines priced $15 or lower that scored 89 or more by Wine Spectator tasters (my experience is that a Wine Spectator 89 rating denotes a good wine). 64% of the reds and 38% of the whites with scores of 89 or better were from Europe. That means there are plenty of good, reasonably priced European wines available.