February 2012

Kyrgyz and Tajik Migrants in Moscow Speak Out

By Aida Kasymalieva, Erica Marat

On January 16, labor migrants from Kyrgyzstan, Tajikistan and other countries joined an anti-fascist rally in Moscow to commemorate the memory of the slain human rights activists Stanislav Markelov and Anastasiya Baburova. Both fought against racial and national discrimination, and were killed three years ago by an unknown gunman. This event is significant for two reasons.

New Year, Same Crisis

By George Soros

The measures introduced by the European Central Bank last December, especially the Long Term Refinancing Operation (LTRO), have relieved the liquidity problems of European banks, but have not cured the financing disadvantage of the highly indebted member states. Since high-risk premiums on government bonds endanger the capital adequacy of banks, half a solution is not enough.