Carnegie Europe
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French President Sarkozy’s request for Chinese money in support of the euro rescue symbolized three historic shifts in great power relations: the fragility and endangerment of the European project, the ascendance of China, and the beginning of the end of the American era.
The euro crisis has grown too big for Europeans to handle alone. The United States must act to help save the euro—or risk paying a much bigger price if it collapses.
Europeans should recognize that Washington’s increased engagement in the Asia-Pacific is also in Europe’s best interests and work to develop its own strategic approach toward the region.
Global Security in the 21st century is an ever elusive goal and NATO must face emerging security challenges in counter terrorism, cyber defense, energy security, and non-proliferation.
Brussels should make certain that Europe does not miss the opportunity to seize the strategic potential offered by unconventional gas.
As the global center of gravity shifts toward the Pacific, the nature of relations between the United States and Europe is likely to shift.
NATO is facing a number of serious challenges from the current fiscal and security environment and the successful realization of the alliance’s security responsibilities requires dependable partners that more equitably share the ensuing burden.
While Europe and the United States may not always agree on foreign policy strategies, the EU has proven itself a valuable ally for Washington and a strategic actor in its own right.
Europe must be able to define and implement a strategic role for itself in the global arena, confident of its capabilities and values, aware of its interests, and able to define its parameters.
The current cycle of globalization could end in a painful period of debt adjustment and payment imbalances across the globe, with a likely slowdown of growth in China, a possible abandonment of the euro, and the risk of increasing U.S. protectionism.