This is one of the lessons that Western policymakers can learn from Poroshenko’s crushing defeat.
According to Nicolai N. Petro, Professor of Peace Studies and Nonviolence at the University of Rhode Island, Petro Poroshenko lost the Ukrainian presidential elections by a larger margin than any candidate in the history of Ukraine. He won in only one region of the country. His opponent, a comedian with no political experience, received more votes than any candidate in Ukrainian history. Why, after five years of policies that had the full political and financial backing of the West, did the Ukrainian people reject him by a three-to-one margin?
Europe also has ambitious goals to reduce its carbon footprint, in a bid to address global climate change, starting with cutting greenhouse emissions 20 per cent by 2020, 40 per cent by 2030, and going fully carbon neutral by 2050. These goals require a massive integration of renewable energy, along with a reduction of energy consumption. Nonetheless, the implementation of EU carbon reduction targets relies on the full cooperation of absolutely all member states — no one country can achieve this alone. National governments have until the end of 2019 to draft their own plans to comply with the EUs ambitious climate-change goals.
The euro is the form of money for the 19 member countries of the eurozone. It’s the second most widely used currency in forex trading after the U.S. dollar. It’s also the second most widely held foreign exchange reserve used by central banks. As of the third quarter 2018, foreign governments held $2.2 trillion compared to $6.6 trillion in U.S. dollar reserves. The International Monetary Fund reports this quarterly in its COFER Table.