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EsadeGeo Daily Digest, 04/10/2021

EsadeGeo Daily Digest, 04/10/2021

The Guardian / Pandora papers: biggest ever leak of offshore data exposes financial secretes of rich and powerful

  • Millions of documents reveal offshore deals and assets of more than 100 billionaires, 30 world leaders and 300 public officials.
  • Branded the Pandora papers, the cache includes 11.9m files from companies hired by wealthy clients to create offshore structures and trusts in tax havens such as Panama, Dubai, Monaco, Switzerland and the Cayman Islands.
  • They also shine a light on the secret finances of more than 300 other public officials such as government ministers, judges, mayors and military generals in more than 90 countries.
  • The files include disclosures about major donors to the Conservative party, raising difficult questions for Boris Johnson as his party meets for its annual conference.
  • Euractiv – Georgi Gotev / Pandora Papers reveals hidden wealth of worlds most powerful

Financial Times – Erika Solomon / German parties kick off exploratory coalition talks

  • Germany’s leading political parties held competing rounds of exploratory coalition talks on Sunday, aimed at winning over potential partners to form the government that will take the reins from Chancellor Angela Merkel after 16 years in power.
  • Most Greens favour joining a coalition with the SPD, while the FDP has signalled a preference for partnering the CDU.
  • The SPD negotiating team, led by chancellor candidate Olaf Scholz, held bilateral talks with both the FDP and the Greens and expressed an eagerness to move forward with both parties as quickly as possible.
  • His counterpart for the FDP, Volker Wissing, however, said after his liberal party’s meeting with the SPD that it was “clear that there are some stumbling blocks. But what is also clear is that we are determined to form a reform government that will move our country forward.”
  • Politico – Hans von der Burchard / Where Germany´s Greens and FDP agree and where they don’t

Financial Times – Amy Kazmin / Power crunch looms in India as coal stocks reach crisis point

  • More than half the country’s power plants have less than three days of supplies remaining.
  • According to India’s power ministry, the 135 thermal power plants of Asia’s third-largest economy had an average of just four days of coal stocks as of Friday, down from 13 days of supplies in early August.
  • Power supply shortages have already started to hit the economy in neighbouring China, where the manufacturing sector last month suffered its first contraction since the start of the pandemic.
  • Prime Minister Narendra Modi’s government has also promoted a policy of Indian economic self-reliance as a guiding principle for its recovery from the pandemic.
  • South China Morning Post – Dewey Sim / Asia braces for fallout as China and Europe face energy crunch

The New York Times – Michael Crowley / Blinken faces an awkward visit to Paris, his ´´second home´´

  • The secretary of state’s close ties with France will be valuable in smoothing over the diplomatic spat last month over a U.S. submarine deal with Australia.
  • He arrives for a meeting of the Paris-based Organization for Economic Cooperation and Development, a trip that will conveniently provide a chance to further soothe French anger over a minor diplomatic crisis that erupted last month over Australia’s submarine deal.
  • French officials found themselves blindsided when news leaked in the Australian media that the United States and Britain would help Australia deploy a new fleet of nuclear submarines, replacing a $66 billion contract that Australia had signed with a French contractor for a dozen attack submarines.
  • The anger has already subsided. Mr. Biden placed a contrite call to Mr. Macron last month, Mr. Blinken has conceded that the United States could have handled the matter more gracefully, and the French ambassador is back in Washington.
  • The Washington Post – Marianna Sotomayor / For Democrats and the Biden agenda, its becoming a matter of trust

Today´s further reads:

The selected pieces do not necessarily reflect the views of Javier Solana and EsadeGeo. The summaries above may include word-for-word excerpts from their respective pieces.


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