Ian Bremmer, President of Eurasia Group joined Closing Bell for a First on CNBC interview this afternoon.
On the top of the list: US-China relations. While US faces rising employment, China continues to grow. Bremmer said, "(this) exacerbate tensions in the world's most important bilateral relationship in 2010. For Beijing, economic partnership with the US looks a lot less attractive than it did just a couple of years ago." Bremmer also pointed out don't expect China to take a global leadership role on issues like climate change, nuclear non-proliferation, international trade, cyber-security and armed conflicts around the world.
Iran Domestic Pressures
Iran will also be a very important issue because the country is facing tremendous domestic pressures after the elections. Bremmer said, "Tehran has lost considerable influence regionally, and internationally, Iran faces a new round of UN sanctions. The Iranian regime looks increasingly like a cornered, wounded animal." Bottomline, you'll see uncertainty in that region.
Europe didn't escape the list of Top Risks. The report pointed out that there's a "blurring of distinction" between the "mature" and "emerging" markets in Europe. "Fiscal policy coordination has been eroding for some time, and member state political processes are highly uneven. Greece, Ireland, Spain, Portugal and Italy in particular face complex fiscal challenges and consequent policy changes will have far-reaching implications," Bremmer pointed out.
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