Ten Years of WTO Doha Negotiations: New Impetus Required
In this report, Oliver Wieck proposes a new impetus to overcome the ongoing deadlock in the WTO Doha negotiations. German industry has a huge interest in a strong multilateral trading system with bilateral free trade agreements offering additional market opening. The recent initiative between the EU and the USA to intensify the economic ties could not only boost genuine transatlantic market opening but should also set a clear signal to the new economic powers like China, Brasil and India to join the “Club of Free Traders”.
Splendid Isolation
In his analysis entitled Splendid Isolation, Alexander Privitera explains how Germany is becoming increasingly isolated from the rest of Europe in the fight to fix the euro. With recent bond auctions in Italy and Spain providing some optimism for the euro zone, Germany may be quick to herald the success of German-style austerity in Europe. However, according to Mr. Privitera, the plan to save the euro is actually becoming less German.
Downgrades and Default
In his essay Downgrades and Default, Alexander Privitera explains that while last week’s European downgrades may not have roiled markets, they have some European leaders fuming. Though some European politicians have begun pointing fingers across the Atlantic for the recent rating cuts, according to Mr. Privitera, the problem lies within Europe itself. Until an effective plan for dealing with Greece is put forth, the euro zone crisis will continue.
Is Germany Losing its Allies?
Following a recent statement by Dutch central banker Klaas Knot, argues Alexander Privitera, it appears that Angela Merkel is beginning to lose her ally in the Netherlands when it comes to fighting Europe’s debt problems. According to Mr. Privitera, Germany’s seemingly slow approach to the Euro crisis could place them on the outside of future negotiations.
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.
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Support Our WorkSame 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.
Draghi 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.
