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  • Research

    Russia's Budget Dilemma

    Twelve years after defaulting on its debt, Russian policy makers are again facing difficult choices regarding public spending. With debt remaining at relatively low levels, however, the government should focus on economic recovery, not deficit reduction.

  • Research

    Can Spain Overcome the Aegean Flu?

    Whether or not Spain can overcome the challenges it now faces—which stem from the same source as those in Greece—depends on how quickly and forcefully the government responds.

  • Research

    Post-Election Maneuvering: Rule of Law is the Casualty

    The post-election phase in Iraq appears even more difficult than anticipated, postponing improvements in Iraq’s long-term security and economic development.

  • Research

    Is Italy the Next Greece?

    Though Italy has exhibited better fiscal management than Greece, its debt level is still higher and its competitiveness has deteriorated just as sharply. To avoid its own sovereign debt crisis, Italy must raise its primary balance, cut labor costs, and enact structural reform.

  • Research

    Parsing the Political Consequences of the Moscow Bombings

    The Kremlin’s control over the media may allow Russia’s elites to avoid the immediate consequences of the recent metro bombings, but if the security problem is not resolved, the current authorities will face growing calls for accountability.

  • Research

    Global Outlook: Ugly New Risks Emerge in the Aegean

    The global recovery is strengthening and growth in 2010 is likely to be modestly higher than consensus estimates, but the crisis in Greece—and its possible spread to other Euro area countries—poses a significant risk.

  • Research

    The Economic Crisis and Democracy: A Year Later

    While the economic crisis has caused widespread economic suffering, it appears that democracies, even struggling ones, are demonstrating more resilience to the crisis than many predicted.

  • Research

    Greek Crisis: A Dire Warning From Argentina and Latvia

    History shows that while leaving the Euro area and defaulting would have disastrous implications for Greece and Euro area, it may become the best of bad options if Greece does not receive adequate support from the EU.

  • Research

    Egypt: From Semi-Authoritarianism to One-Dimensionality

    Over the next year, Egypt will hold three important elections, none of which stand any chance of redistributing power in the country. Egypt needs long-term democratic reforms, and the United States can play an effective role in promoting those reforms.

  • Research

    The Last-chance Strategy

    The Obama administration announced its new Afghanistan strategy, which asks European allies to send as many as 5,000 extra combat troops in support of a war which more than two-thirds of the European public believe is already lost.

  • Research

    NATO: Under New Leadership

    Anders Fogh Rasmussen, NATO's new Secretary-General, must provide transformational leadership, not just status-quo management, for the alliance to bridge the chasm between its ambitions and its capacities.

  • Research

    Obama’s 100 Days: How Did Europe Do?

    Obama has made listening and dialogue the trade-mark of the first 100 days of his foreign policy. Europe has responded with more rhetoric when what the transatlantic relationship really needs is commitment and courage.

  • Research

    Obama’s Afghanistan: A Bridge Too Far for the Europeans?

    Although Obama's renewed strategy towards Afghanistan has been received well in Europe, the war in Afghanistan will now be an American war with international help rather than a coalition effort.

  • Research

    Debunking Five Fallacies on Afghanistan

    Five fallacies continue to dominate discussions of the future of European and NATO strategies in Afghanistan, and undermine the hard questions on effectiveness.

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