Amid ongoing negotiations on a transatlantic trade and investment partnership, it is unclear how the deal could be opened up to third countries once talks are concluded.
The United States and the EU are negotiating a transatlantic trade deal that could be difficult to multilateralize. Third countries should engage now to avoid that danger later.
The crisis in Ukraine could affect economic ties between the European Union and Russia. At the same time, Brussels needs to rethink its energy relationship with Moscow.
The euro crisis has a political component. At issue is the EU’s democratic legitimacy—the need for citizens to feel they have more influence over EU decisions.
Will the next German government finally assume the role of Europe’s political leader? Substantial change in Germany’s approach is unlikely—unless the euro crisis gets even worse.
German Chancellor Angela Merkel will soon face parliamentary elections. There is much unfinished business that the next chancellor, be it Merkel or someone else, will have to manage.
Propelled by high unemployment, thousands of educated graduates are leaving Southern Europe for Germany. But it won't be enough to solve the country's long-term labor shortage.
If growth does not return to Europe in the next two years, the political situation will become more difficult.
Although the United States weathered the global recession relatively better than its European counterparts, it is not as strong as it looks and Europe’s long-term prospects are better than its current dismal performance suggests.
The Cypriot banking crisis reveals the danger of the euro crisis incapacitating Europe and the global economy more broadly.