Bart Oosterveld

  • The Curious Case of Latvia's Banking Scandal

    Two developments have rocked the Latvian banking system in recent days. Last week, the country’s third-largest bank, ABLV Bank, was accused by the United States Treasury Department of systematic money laundering and aiding in the circumvention of the sanctions imposed on North Korea. Separately, Latvian Central Bank Governor Ilmars Rimsevics, one of the longest-serving central bank heads in Europe, was held over the weekend by Latvia’s anti-corruption authority after he was accused by officials at Norvik Banka of having demanded a bribe. As of now, the two developments appear unrelated.

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  • Reforming the European Union: The Franco-German Tandem and the Future of Economic Governance

    On Wednesday, February 14, 2018, the Atlantic Council's EuroGrowth Initiative hosted a breakfast discussion on the changing Franco-German attitudes towards European Union (EU) economic governance.

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  • What's the Deal?

    Atlantic Council analysts discuss agreement that could end political uncertainty in Germany

    German Chancellor Angela Merkel on February 7 moved a step closer to forming a coalition government that would include her conservative Christian Democrats (CDU/CSU) and the center-left Social Democrats (SPD).

    But first, more than 460,000 members of the SPD will need to approve the coalition agreement in a postal ballot. The results will be announced on March 4.

    Approval of the deal would end more than four months of political wrangling that have followed an inconclusive election in September and keep Merkel at the helm for a fourth term as chancellor.

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  • Oosterveld Quoted in Newsweek on Stock Market Fall

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  • Wall Street is Freaking Out

    US stocks saw another volatile day on February 6 as ripples spread to global markets.

    The Dow Jones industrial average dropped more than 4 percent—a nearly 1,200-point decline—on February 5. The declines for the S&P 500 index and the Dow Jones Industrial Average were the biggest single-day percentage drops since August 2011. The Dow closed 567 points higher on February 6.

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  • Despite Brexit Gains, All Fundamental Difficulties Remain

    UK Prime Minister Theresa May might have secured a major victory in the Brexit process, but she still faces exceptional political, social, and economic challenges in the second phase of negotiating the United Kingdom’s separation from the European Union (EU). European Council President Donald Tusk has already stated the latter half of the negotiations “will be more difficult than the first.”

    On December 8 May achieved what many skeptics of the process did not consider possible, an agreement with the EU to further negotiations to define at least an outline of what the future trade relationship between the UK and the EU will look like.

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  • Oosterveld Quoted in El Mundo on Enormous Risk to Catalan Economy

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  • Where to Now? A Discussion on Catalonia

    On November 30, 2017, the Atlantic Council’s EuroGrowth Initiative hosted an informative discussion on Catalonia’s bid for independence and upcoming elections on December 21. The session was led by the new Director of the Global Business and Economics Program, Bart Oosterveld. 

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  • Debt Default Pushes Venezuela Further into Russian Orbit

    Venezuela’s default on a massive international debt and Russia’s ongoing financial assistance to the South American country that is under both US and European Union (EU) sanctions, will push Caracas further into Moscow’s sphere of influence, according to an Atlantic Council analyst.

    “The Russians are throwing lifelines to the criminal Venezuelan regime with the intention of further pushing Caracas into Moscow’s orbit. With Venezuela both under US and EU sanctions and being shunned by the major countries of the hemisphere, the Russians see an opportunity to swoop in and use the situation to their advantage,” said Jason Marczak, director of the Atlantic Council’s Adrienne Arsht Latin America Center. He described how a country that is diplomatically isolated and run by an anti-US regime “provides a huge opportunity for Russia to establish a further footprint in a country that is within the geostrategic, geographical orbit of the United States.”

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  • What's Next for the Global Economy?

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