Philip Coggan gave an interesting interview this morning to NPR in which he discussed the effect of the of the United States’ bailout failure on the European markets. The primary purpose of the short interview was to describe the European perspective on the global impact of the U.S.’s financial crisis and the speculation on Congress’s activity surrounding it, though one incidental point caught my attention. Coggan mentions that a concern in Europe at the moment is that a large Swiss bank might fail. This would be quite problematic because, while these types of firms are probably considered "too big to Continue reading The European Treasury
Earlier this month, Spain’s National Court decided to hear a case arising by a lawsuit from a pro-Tibet group against seven Chinese officials over the pre-Olympics repression of protests in Tibet. This case draws on that court’s Doctrine of Universal Jurisdiction, as no Spaniards were personally harmed and, of course, the events in question did not occur on Spanish territory. Perhaps the most notable instance of Spain’s use of Universal Jurisdiction is the charge of genocide against former Chilean dictator, Augusto Pinochet (those interested specifically in this case may want to check out my review of a recent documentary chronicling Continue reading What does Universal Jurisdiction Mean for the Future of the Sovereign State?