World

Donald Trump has won his third presidential election and across Europe heads are exploding. This should not be the case. Many European leaders were briefed earlier this year that a Trump victory was more likely than not. But wishful thinking appears to have defeated grim experience in many minds and many civil service buildings. To hear the Europeans tell it, they are now confronted with a unique threat. The last time Trump was in office, Ukraine had been fighting Russia since 2014, but its survival was not hanging by a thread. It was not seriously likely that Russia would invade Moldova, Estonia, Latvia or Lithuania, as now seems possible. Finland

It is our duty on Remembrance Sunday to honour the fallen. But to do justice to their sacrifice, we should also remember why the world descended into war in 1914. The history of the Great War has captivated and divided historians since Serbian nationalist Gavrilo Princip fired that fateful shot at Austro-Hungarian Archduke Franz Ferdinand on 28 June 1914. Only later did we come to realise the full significance of that date. British military historian of the First World War and Conservative cabinet minister, Alan Clark, recorded the moment in his diary on Tuesday, 28 June 1983, with characteristic wit: ‘Today is the sixty-ninth anniversary of the assassination of the

When Domingo Cavallo implemented at the start of December 2001 a restriction on cash withdrawals, he unwittingly unleashed a month of rioting and looting across Argentina that would leave 39 people dead. Police brutally cracked down on protests that quickly spread as the country’s economy fell to pieces. The basket of laws enforced by the then-finance minister became known as the Corralito and were a desperate response to a devastating – and worsening – economic crisis. A series of setbacks had caused both individual Argentines and companies to convert their pesos into dollars and get them out of the banks. Some 25 per cent of the country’s cash had been spirited away