The Ratings Race
In this At Issue, Executive Director Jack Janes analyzes the aftermath of last week’s string of European downgrades by Standard and Poor’s. Like their American counterparts in last August’s U.S. downgrade, European leaders seemed quick to point fingers at those they felt were responsible for the rating cuts. However, the message from Standard and Poor’s made one thing very clear: the efforts to fix the Euro crisis are still inadequate. According to Dr. Janes, the lack of political will in Europe to realize the true core of the problem is limiting the ability to reach a consensus on how to solve it.
Same Economic Nightmares, Different Solutions: Transatlantic Approaches to International Macroeconomic Policymaking in the Face of the Crisis
Policy Report 48 Policy Report 48 argues that, in a climate of economic crisis and distress, transatlantic cooperation is still essential and must be expanded, despite current differences in policy. …
The End of the Years of Plenty? American and German Responses to the Economic Crisis
Policy Report 49 Policy Report 49 analyzes the policy responses of Germany and the United States to the continued economic and financial unrest. The authors examine the origins of Germany’s …
The Euro: How to Know When We’re There
Unfortunately for the euro zone crisis, last week’s EU summit appears to have produced yet another underwhelming plan. According to Dr. Stephen Silvia, Associate Professor at the School of International Service at American University, Europe’s leaders once again failed to address any of the major problems that still ail the euro zone economies. At the core of any plan, argues Dr. Silvia, should be an attempt to make the euro zone an “optimal currency area.”
2012: Between Doom and Hope
Alexander Privitera looks ahead to what we might expect for the continuation of the euro zone crisis in 2012. According to Mr. Privitera, while we may not witness a great start to the New Year, there is reason to believe things could change for the better.
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Support Our WorkDraghi to the Rescue
Alexander Privitera examines the new head of the ECB, Mario Draghi, since he took the helm of the Frankfurt based central bank. According the Mr. Privitera, Draghi has indeed acted boldly, but continues to stand firm in his decision to not allow the ECB to become the lender of last resort. Mr. Draghi is growing increasingly impatient with Europe’s leaders and expects them to finally act on their promises.
The Beginning of the End of the Road? Britain and the European Council meeting, 8/9 December 2011
What will the outcome of last week’s EU summit mean for the future of the UK’s position within the Union? According to Dr. Simon Green, Professor of Politics at Aston University, UK, it could spell disaster for Britain in the single market of the EU. In his essay entitled The Beginning of the End of the Road? Britain and the European Council meeting, 8/9 December 2011, originally published in Aston University’s Aston Centre for Europe blog, Dr. Green explains that Prime Minster David Cameron’s decision to exclude the UK from the EU’s new intergovernmental pact will alienate the UK from the Union more than ever before.
A New Dawn, or Just a New Phase of the Crisis?
Another EU summit, another plan to solve the debt crisis that fails to calm market fears. In his essay A New Dawn, or Just a New Phase of the Crisis?, Alexander Privitera, Washington-based Special Correspondent for the German news channel N24, examines the current state of the sovereign debt crisis following last week’s EU summit. According to Mr. Privitera, Angela Merkel’s continued unwillingness to openly discuss some of the proposed top options for solving the crisis is only fueling market concerns over the euro.
Heroine or Villain?
Following this week’s summit in Washington between U.S. and EU officials, it has become increasingly clear that only one actor truly has the ability to lead any solution to the debt crisis: Germany’s Angela Merkel. In his essay Heroine or Villain?, Alexander Privitera, Washington-based Special Correspondent for the German news channel N24 and frequent AICGS contributor, examines Chancellor Merkel’s actions in dealing with the crisis and lays out her available options.
Of Cakes and Their Consumption – Reflections on the UK’s Position within the EU
UK Prime Minister David Cameron may be in for a not so warm welcome in his visit to Berlin this week. According to his essay “Of Cakes and their Consumption – Reflections on the UK’s Position within the EU,” Dr. Simon Green, Professor of Politics at Aston University, UK, and a frequent contributor to the AICGS Advisor, argues that EU member states are becoming increasingly frustrated with the UK’s approach toward the Union. What is said this weekend between Prime Minister Cameron and Chancellor Merkel could signal whether the UK is already being pushed to the periphery of the EU.
The Emerging Market Syndrome that is Germany
In her essay entitiled The Emerging Market Syndrome that is Germany, Dr. Waltraud Schelkle, AICGS Non-Resident Fellow and Lecturer in Political Economy at the London School of Economics, argues that Germany is currently suffering from having the economic make-up of an emerging market country. In Dr. Schelkle’s opinion, this is hurting the way that Germany is dealing with solutions to the current economic crisis.
Time for Economic Offense
With high unemployment and low growth in both the U.S. and the EU, the current euro zone crisis has made it abundantly clear that both economies truly depend on one another. According to his essay Time for Economic Offense, originally published by the German Marshall Fund of the United States, Bruce Stokes, Senior Transatlantic Fellow at the GMF and regular AICGS program participant and contributor, argues that now is the time for leaders from both sides to take the necessary steps towards collective increases in trade and growth.
