Category Archives: Financial Crisis

The euro crisis should not mean the end of enlargement

European Union

European Union (Photo credit: Wikipedia)

By Dimitar Bechev, European Council on Foreign Relations (ECFR), September 20, 2012

Wrecked by the euro crisis and a loss of the confidence that helped it expand to the current 27 members, the European Union might be expected to shrink rather than grow in the coming few years. Without an effective solution to the euro crisis, the odds are that states might exit the common currency, if not the EU as a whole, and further expansion seems a long way down the list of priorities.

However enlargement is far from over, with Croatia due to join next year and other countries in the Western Balkans still working towards accession. And although the challenges are considerable, further expansion is not just in these countries’ interests but in the interests of the EU itself… (more) http://ow.ly/2shR67

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Filed under European Council on Foreign Relations (ECFR), European Foreign Policy, European Union, Financial Crisis, Think Tank

Political and Strategic Implications of Europe’s Crisis (part 4)

English: A map showing European membership of ...

A map showing European membership of the EU and NATO. EU member only NATO member only Member of both  (Photo credit: Wikipedia)

By Luis Simón and Julian Lindley-FrenchEuropean Geostrategy, September 19, 2012

Over the next few months the editors of European Geostrategy will undertake a number of interviews with various individuals who are involved in thinking about European foreign, security and military policies. In this fourth interview in the series, Luis Simón discusses the political and strategic implications of Europe’s crisis with Julian Lindley-French, the Eisenhower Professor of Defence Strategy at the Netherlands Defence Academy and author of a popular blog on European military affairs… (more) http://ow.ly/2sgU9g

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Filed under Blogger, Defense and Military Engagement, European Foreign Policy, European Geostrategy, European Union, Financial Crisis

Britain Risks a Lost Decade Unless it Changes Course

DAVOS/SWITZERLAND, 26JAN07 - Lawrence H. Summe...

Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University,Copyright by World Economic Forum swiss-image.ch/Photo by E.T. Studhalter 

Lawrence Summers, Charles W. Eliot University Professor, Belfer Center, September 19, 2012

(Op-Ed, Financial Times)

It is the mark of science and perhaps rational thought to operate with a falsifiable understanding of how the world works. So it is fair to ask economists a fundamental question: what could happen that would cause you to revise your views of how the economy operates and acknowledge that the model you had been using was flawed? As a vigorous advocate of fiscal expansion as an appropriate response to a major economic slump in an economy with zero or near-zero interest rates, I have for the past several years suggested that if the British economy – with its major attempts at fiscal consolidation – were to enjoy a rapid recovery, it would force me to substantially revise my views about fiscal policy and the macroeconomy… (more) http://ow.ly/2sgNO5

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Filed under Belfer Center, European Foreign Policy, European Union, Financial Crisis, Think Tank, UK

The future of Europe: It’s getting serious

Graphic "When Greece falls" presente...

Graphic “When Greece falls” presented by Dutch government on 21 June 2011, speaking of European sovereign debt crisis (Photo credit: Wikipedia)

By Ulrike GuérotEuropean Council on Foreign Relations (ECFR), September 19, 2012:

The third year of the euro crisis might be the most important one yet – and with Germany heading for elections next September things are getting serious. In year one of the crisis (2010), Germany was lost and without a strategy, lurching through the events more than being in control. In year two of the crisis (2011) we observed a subtle U-turn und more decisive actions to safe the euro. But the German strategy was not the ‘big bazooka’, but a step-by-step pragmatic approach which certainly disappointed the Anglo-Saxon world. The strategy may be incomplete and flawed especially with respect to the pro-cyclical and painful effects of austerity policy in the South: but it is also true that we see the first signs of success… (more) http://ow.ly/1mwJBn

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Filed under European Foreign Policy, European Union, Financial Crisis, Germany, Think Tank

Turkey – the Economy and Relations with the Middle East and Europe

MapRegionMiddleEast+Turkey

MapRegionMiddleEast+Turkey (Photo credit: Wikipedia)

Chatham House, September 18, 2012

In Istanbul, the President of Global Relations Forum Memduh Karakullukçu talks to Fadi Hakura of Chatham House about Turkey’s economic outlook and relations with the Middle East and Europe. Podcast: http://ow.ly/1mvyZ4

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Filed under Chatham House, European Foreign Policy, European Union, Financial Crisis, Think Tank, Turkey

Despite Crisis, Majority of Germans Remain Positive About Euro

German Marshall Fund of the United States, September 18, 2012

In this video, Transatlantic Academy Executive Director Stephen Szabo analyzes the results of the recent Transatlantic Trends Survey that show Germans remain positive about the euro and the EU, despite continuing economic struggles among members.

http://ow.ly/1mvyZ5

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Filed under European Foreign Policy, European Union, Financial Crisis, Germany, Think Tank

Not yet time for Euro-euphoria

Countries using the Euro de jure Countries and...

Countries using the Euro de jure Countries and territories using the Euro de facto Countries in the EU not using the Euro (Photo credit: Wikipedia)

By Nikolaus Van Der PasFriends Of Europe, September 17, 2012

EU activity resumed after the summer with some good news. ECB President Mario Draghi buoyed markets with a commitment of unlimited purchases of bonds from fragile Eurozone countries; the German Constitutional Court gave the thumbs up to the European Stability Mechanism; Commission President Barroso delivered an ambitious State of the Union speech, and the Dutch voted for pro-European parties, rejecting their nationalistic rivals… (more)  http://ow.ly/1muvPY

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Filed under European Foreign Policy, European Union, Financial Crisis, Friends of Europe, Think Tank