What the EU Did Next – A Compilation
While the recent general outlook on the future of the European Union has been filled with excessive doom and gloom, it is largely misplaced, writes Non-Resident Fellow Almut Möller in a collection titled “What the EU Did Next.” There is still hope for the EU, but significant work needs to be done; turning the EU from a liability into a solution will be a difficult task yet one that needs to be tackled. This volume of essays from the German Council on Foreign Relations (DGAP) focuses on the EU’s undervalued strengths and how these strengths can be used to revitalize parts of the EU agenda in an effort to refocus the EU for success in the future.
Why Germany is Leading From Behind
With so much resting on the euro for Germany, why does Chancellor Merkel continue to avoid taking full control of the reigns in Europe? In his essay Why Germany is Leading From Behind, which originally appeared in the Wall Street Journal on November 4, 2011, Josef Joffe, Editor of Die Zeit and AICGS trustee, argues that Germany has a lot to lose in the current euro zone crisis. While the markets most often look to Angela Merkel for answers, it seems that a case of history is holding her back from truly leading her European counterparts.
Europe’s New Message: My Way or the Drachma Highway
Greece’s call for a referendum on the bail-out has been rescinded. The next tranche of funds for Greece from the IMF appears to be safe. According to his essay Europe’s New Message: My Way or the Drachma Highway, Dr. Jacob Funk Kirkegaard, Research Fellow at the Peterson Institute for International Economics and frequent AICGS contributor, argues this was the goal behind Greek Prime Minster George Papandreou’s call for a referendum. However, his potentially term ending move may have had another, more lasting effect: the threat of kicking member states out of the monetary union is now officially on the table.
Merkel’s European Message
The results of the Brussels summit this week underline one basic somewhat contradictory fact: If the euro were to collapse, it would be because Germany was not leading the effort to save it. At the same time, if Germany does lead that effort, it will include all the criticism that goes with leadership. This is the same kind of challenge the United States has had to face for decades. If you are the only leader available, you are damned if you do and damned if you don’t. Ask anyone in the White House what that is like.
Lurch to the Left or a Spot of Shadow Boxing? The Left Party’s New Programme and its Implications for Governing Germany
When, on 27th September 2009, Die Linke (the Left Party) polled just under 12 per cent of the vote in Germany’s federal election, it looked as if a new era …
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With the current parliament in Germany half way through its normal lifespan of four years, now is as opportune a moment as any to review the performance of the federal …
The Eurozone Crisis and Implications for the United States
European leaders finally agreed to a more comprehensive plan to help bring the euro out of its current crisis. However, many experts agree that there is still much more that needs to be done to bring Europe, and the global economy as a whole, out of this mess. This week’s AICGS Advisor examines a few of the expert opinions on what still lies ahead:
Peter S. Rashish, Vice President for Europe & Eurasia, U.S Chamber of Commerce, gives his testimony before the House Financial Services subcommittee on International Monetary Policy and Trade on the U.S. implications of the euro zone crisis and what should be done to bolster trade between the two partners.
Global Re-balancing Act at the G20
Ahead of November’s G-20 summit in Cannes, France, Dr. Matthias M. Matthijs and Neil K. Shenai, Johns Hopkins University’s School of Advanced International Studies in Washington, DC, assess the changes …
The Malaise
In his essay entitled The Malaise, Alexander Privitera, Washington-based N24 Special Correspondent and frequent AICGS contributor, examines the pessimistic mood growing among the U.S. population about the current state, and future, of the economy. With confidence in the ability of the U.S. economy to rebound falling, as well as the increasing failure of leaders to act, populist movements like the Tea Party may take root in the more widespread sentiment of the American people.
The Privilege of Partnership
In this week’s At Issue, Executive Director Jack Janes discusses the increasing bonds of transatlantic interdependence — and the price and privilege which come with them.
The Upcoming Blame Game
In his essay entitled The Upcoming Blame Game, frequent AICGS contributor Alexander Privitera explores the finger pointing being used by leaders on both sides of the Atlantic in the face of the economic crisis. According to Mr. Privitera, with elections coming up in several countries, including the U.S. and France, not only could the transatlantic blame game get worse, but we may even witness a standstill in policy-making as a whole — the last thing a pair of faltering economies can afford.
The Dirty Secret of the U.S.-European Relationship
Underneath the cloak of a never-ending list of foreign issues lies the heart of the transatlantic relationship: trade. According to the essay The Dirty Secret of U.S.-European Relations by Jan Techau, Director of Carnegie Europe and a frequent AICGS program participant, this makes for a “boring” partnership, despite the general goodwill between both sides. However, with the economic crisis continuing to weaken the global positions of the U.S. and Europe, both sides will have to begin to build a more meaningful relationship to stave off their respective declines.