The United States has a vital interest in containing the Euro crisis, and Germany’s leadership or lack of it will determine whether the response to the crisis succeeds or the euro zone unravels.
European leaders are finally coming to appreciate the depth and severity of the European debt crisis, but their policy responses so far still do not go far enough to resolve the crisis.
The flotilla incident is the culmination of a slow drift in Turkish-Israeli relations. As the Israelis are increasingly subject to international opprobrium, Turkey’s strategic importance in the region is ascendant.
Germany, which benefited from the introduction of the euro, should boost its domestic demand to compensate for the deflationary measures taken by other countries in Europe.
Though headlines label the Euro crisis as one caused by sovereign debt, Europe’s most troubled economies are suffering from not only fiscal profligacy, but also a severe loss of competitiveness.
Though the eight newest EU are committed to eventually adopting the euro, they all already suffer from the problems that dragged Greece into crisis, suggesting that none of them are ready to join the Euro area yet.
As the number of countries with the ambition to play a role in world affairs increases, Washington must decide whether to deal with them as legitimate global players or treat them as meddlers to be dismissed.
European and Russian experts discuss the key issues affecting Russia-Europe relations.
China’s steps to limit the damage from the Greek crisis will necessarily shift the brunt of the economic adjustment to other countries, unless the major trading powers can reach a burden-sharing agreement.
Lifting visa requirements on travel from Russia to the European Union is likely to bring Russian citizens further into the institutional, normative, and cultural pathways of Europe.