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Slimming Down: The Pivot, Austerity, and the Path Ahead for Transatlantic Security

“If Article 5 beckons, the United States should and will be there.” Barry Pavel and Jeff Lightfoot of the Atlantic Council It goes beyond saying that this statement is one …

Draghi’s Master Plan

The President of the European Central Bank Mario Draghi disappointed financial markets on Thursday when he announced that the ECB will wait to restart its bond buying program. However, a closer look at what Draghi said during his press conference should encourage both investors anxious for quick action and skeptics in Germany alike. Draghi has a plan, but he is still resisting the temptation to let politicians off the hook.

High Drama in the High Court? ESM and Fiscal Compact in Legal Limbo

For months, policymakers and public alike could only wait with bated breath for the U.S. Supreme Court’s decision on President Obama’s health care reform law. As they pondered and deliberated …

Prospects for National and Transatlantic Security under Austere Defense Spending

Looming on the horizon, January 1, 2013 and the beginning of sequestration’s effects are approaching closer and closer. A consequence of the Budget Control Act of 2011, budget sequestration is …

Spain, Italy, Germany Come to Deal after Euro Summit

Signaling a new direction in Europe’s efforts to stem the sovereign debt crisis, Germany, Spain, Italy, and other euro zone member states reached a deal to recapitalize Spanish banks with …

Europe’s Tightening Window of Opportunity

Joining the growing number of high profile warnings on the future of the European and world economies, World Bank researchers gravely take note of the euro zone’s eroding gross domestic …

Romney Electioneering Abroad at Odds with Trending Approach in Europe

Determining the economic policy approach of the United States for the next four years, Americans have the opportunity in November to remain with President Barack Obama or switch to Republican …

Credit Ratings for Seven German Banks Downgraded

On Wednesday, the international agency Moody’s downgraded the credit rating for seven German financial institutions. Commerzbank AG, Germany’s second largest bank, stands among the downgraded financial institutions. Some experts contend …

The Growth Compact

The President of the European Central Bank (ECB) was in heavily fortified Barcelona, Spain today. I believe it is the first time in the history of the ECB that it …

The Politics of Central Banking

According to AICGS Senior Fellow Alexander Privitera, both the Federal Reserve (FED) and the European Central Bank (ECB) are increasingly becoming political bodies, forced by growing public scrutiny to build their own constituencies.

Germany’s Softening Stance

Despite a week dominated by negative headlines about the Chinese economy and rising gas prices, interest rates for sovereign bonds from Spain and Italy remain quite low. Is the worst of the crisis really over or are investors just lulled by the massive intervention from the ECB?

The Exit Strategy

At the recent AGI conference “Rising Tensions between the European Central Bank and the Bundesbank,” AGI Senior Fellow Alexander Privitera and David Marsh, Co-Chairman of the Official Monetary and Financial …