Changing Transatlantic Equations
In his essay entitled A New Equation for the Transatlantic Alliance, recently published in the Strategic Europe essay series from Carnegie Europe, Executive Director Jack Janes looks at the unprecedented rise of a deeply integrated Europe, one that is still struggling to find its course within the context of the global stage. Amidst all the current debate about the euro, it is important not to lose sight of how far Europe has come despite the many challenges ahead.
Merkel’s Moment
In her article entitled Merkel’s Moment, originally published in the International Herald Tribune, Margarita Mathiopoulos, participant in AICGS events, suggests that it is time for Germany to come to terms with its leadership role in Europe. This realization, argues Ms. Mathiopoulos, begins with Chancellor Merkel’s willingness to lead Europe through its current crises.
Bundestag Approves Increase in EFSF Fund
There is an expression in German soccer that says: after the game is before the game. You may have won or lost one game but the next one is fast approaching, sometimes with little time to prepare…the German Bundestag was an important “game” for the Chancellor to prove that she has sufficient support to push her agenda forward.
“Eine Stimme über Europa – und ihre innenpolitischen Konsequenzen”
In his essay “Eine Abstimmung über Europa – und ihre innenpolitischen Konsequenzen…,” current NRW/AICGS Fellow Jan Treibel examines the divisions within the ruling coalition in Germany over further financial assistance to the Euro and how this could spell disaster to the parties in power.
European Journey – Pitfalls, Promises, Purposes
In the week’s At Issue, executive director Jack Janes explains how current tensions over the future of the euro make up another chapter of Europe’s long path to a deeper and wider Union. Today’s challenges echo those of the past, but dealing with them will require stronger arguments about the promises beyond the pitfalls.
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Support Our WorkEurope’s Lehman Moment
How did Europe get into the financial crisis it is currently facing? In his article entitled Europe’s Lehman Moment, Jeffry A. Frieden, Professor of Government at Harvard University and AICGS event speaker, seeks to explain the history behind the fiscal issues in Europe and what may happen if a solution is not found.
“If the Greeks just did their Homework…”
In his essay entitled “If the Greeks just did their Homework…,” DAAD/AICGS current fellow Benjamin Herborth explains that beneath the current turmoil over internal divisions in the German governing coalition regarding a position on the Greek debt crisis lies yet another problem. Taken for granted on both sides of the division is a more assertive rhetoric, which belittles Greece, and thus complicates co-operative solutions.
Economic Impact of the Deutsche Börse-NYSE Euronext Merger on the EuropeanFinancial Markets
As the eurozone crisis continues to build, the possible ramifications for the U.S. of a European economic disaster, such as a Greek default, are taking center stage. While political rifts have been exposed at the hands of the crisis, so has the depth of financial interdependence between both sides of the Atlantic. A recent report on the financial impacts of the Deutsche Börse-NYSE Euronext exchange merger by Prof. Dr. Henrik Enderlein, Associate Dean and Professor of Political Economy at the Hertie School of Governance and a frequent participant at AICGS programs, shows that the overall financial stability of the U.S. and Europe are deeply interconnected, as is their standing in the global markets.
The Euro Widens the Culture Gap
In his piece entitled “The Euro Widens the Culture Gap” from the New York Times, AICGS board member Josef Joffe explains how the Euro has made worse any cultural differences that existed between European countries pre-euro times. The PIIGS countries – Portugal, Ireland, Italy, Greece, and Spain – should never have been admitted to the Euro, argues Joffe. Now, the borrowing afforded to them by the Euro allowed them to continue their profligate ways, thus leading to the current crisis facing the euro-zone as a whole.
Euro Stabilization: problems, eurobonds, political union perspectives
The EU Summit of 21 July 2011 has brought considerable adjustment impulses for the stabilization of the euro-zone. At first sight, the main problem is sovereign debt financing of Greece, Ireland, and Portugal—the three countries that benefit from euro-zone rescue packages—but, in fact, the bigger issue is a series of broader challenges for EU integration and institutional reforms in the euro-area.
Transatlantic Relations in an Age of Fiscal Austerity
Issue Brief 40 Prior to the economic and financial crisis that began in 2008, the fiscal challenges of both Europe and the U.S. largely were viewed as longer-term issues, associated …
