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11. Letter from the Editor

Publication Date:
01-2009
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
Never waste a crisis: it can open opportunities. Thus runs a mantra in the Obama White House. Certainly, the crisis is stark already, and worse seems set through 2009. So where are the opportunities in this crisis? So far, a main one seems to be renewed transatlantic commitment to the principle of "survival together." Both in the European Union and in Washington, policy-makers have vowed to avoid the "beggar-thy-neighbor" approaches, protectionism and trade wars that worsened the Depression in the 1930s. Today, they agree, there can be no success, no salvation, no solution for any country acting alone to protect itself.
Political Geography:
Europe and Washington

12. It's the Economy, Stupid – Only This Time, Everywhere

Publication Date:
01-2009
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
Beneath the mantra about a coordinated global response to the economic crisis, a line of fracture starkly divides the two sides of the Atlantic about what to do in practice to revive the sinking economies. In Washington, the Obama administration is accepting an unprecedented amount of government debt in order to pump money into the hands of consumers who can spend it and revive business. An Obama aide says that Canada, France, Germany and are not matching the U.S. effort with stimulus spending of their own and should do more. No, answer Ms. Merkel and Mr. Sarkozy - firmly but politely, so far - this is the wrong approach, the wrong priority. The global financial rules need to be overhauled before more money is pumped into it, they say, because the real problem is the lack of confidence in a recent U.S. model of capitalism that has collapsed. And, they say privately, America is to blame for the problem, so America should pay to fix it.
Topic:
Economics
Political Geography:
America, Washington, Canada, France, and Germany

13. Obama Must Lead at Financial Summit; or G-20 Could Become "G-19 + 1"

Author:
Douglas Rediker
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
Seeking a global response to the crisis, the U.S. assigns priority to coordinated stimulus. Germany, France and some other European nations emphasize better global financial regulation - perhaps partly to punish Wall Street but also to prevent a recurrence of abuses. Leadership now by Obama is needed on both issues because the world's confidence and trust in U.S.-style capitalism has been shaken.
Topic:
Security and United Nations
Political Geography:
United States, Europe, France, and Germany

14. Alan Greenspan Explains "Mistake" behind Global Meltdown

Publication Date:
01-2009
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
The American economic guru explains how he missed the signs that the economy was going off a cliff during the decade he was chairing "the Fed," the body that functions as the U.S. central bank. A strong believer that markets can self-regulate thanks to the enlightened self-interest of the players, he failed to recognize the danger signals of the U.S. financial collapse that also engulfed Europe.
Topic:
Government
Political Geography:
United States, America, and Europe

15. The Economic Quicksands of Globalization

Author:
Martin Walker
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
David Smick's book, The World Is Curved, explains that financial engineering has outpaced the understanding of regulators and governments - and even of many of the people involved in the business. His book, reviewed by journalist and consultant, Martin Walker, predicts that worse is still to come for the U.S. and also for highly-leveraged banks in Europe holding "toxic" assets.
Topic:
Economics
Political Geography:
United States, China, and America

16. NATO at 60 – Not Yet Retirement Age

Author:
Bruno Tertrais
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
France's newfound enthusiam for rejoining NATO's military command, announced by President Sarkozy at this author's Paris think tank, underlines an upbeat perspective. A chorus of voices are warning that NATO may fracture over Afghanistan, but history shows the alliance's unexpected resiliance since the end of the cold war - and its continuing capacity to adapt.
Topic:
NATO and Cold War
Political Geography:
Afghanistan and France

17. Asymmetric Warfare Creates the Need for "New Soldier"

Author:
Rumu Sarkar
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
A new theme among strategists stresses the need for redefining future military missions to include more emphasis on winning the hearts and minds of civilians. If this task is seen as essential for redrafting operational doctrines for Western militaries, planners also should consider some radical practical changes in defining the desirable profile for soldiers and training.
Topic:
United Nations
Political Geography:
Africa and Europe

18. Non-Military Organizations Should Lead on "Nation Building"

Author:
Courtney N. Meyers
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
Timed for the Obama administration's Pentagon, this RAND study says government leaders should take more account of the lessons learned from people "on the ground" in recent successful (and unsuccessful) ventures in state-rebuilding. Best practice means strong local command (involving the military under civilian leadership) which is heeded in national capitals.
Topic:
International Law and United Nations
Political Geography:
United States and America

19. Russian Gas Problem Could Be Opportunity for Europe

Author:
Pekka Sutela
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
Generalities are not very useful in discussing the energy problems of "Europe" because so many issues are country-specific. But there are some key overall aspects - notably the risk that Russia may not be able to export much more gas any time soon, even if it wants to. So European companies should work at helping Russia improve its energy efficiency to prolong supply.
Topic:
Economics
Political Geography:
Russia and Europe

20. Nuclear Energy: A New Future in Europe

Publication Date:
01-2009
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
Nuclear Energy: A New Future in Europe Nuclear energy is regaining favor as an environment-friendly technology.
Political Geography:
Europe and Germany

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