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  • Publication Date: 05-2013
  • Content Type: Working Paper
  • Institution: Atlantic Council
  • Abstract: The analysis of the eurozone crisis is often limited to an assessment of its impact on the political and economic future of the European Union. Far less attention is given to how the crisis will shape Europe's role in the world and how other corners of the globe perceive Europe as a strategic actor. The economic crisis that began in 2008 has now become a multidimensional political crisis for both the northern and southern countries of Europe, and the trends do not all go in the same direction.
  • Topic: Economics, International Trade and Finance, Financial Crisis
  • Political Geography: Europe
  • Author: Isabelle Francois
  • Publication Date: 09-2013
  • Content Type: Working Paper
  • Institution: Atlantic Council
  • Abstract: The past twenty years have been marked by a series of setbacks and disappointments in the US-European-Russian dialogue, despite regular attempts to develop a strategic partnership. In this cyclical relationship, 2012 was a low point in Western relations with Russia, from the calculated absence of President Vladimir Putin at the NATO summit in Chicago to the Russian ban on American adoptions of Russian orphans, and the US reaction to the Sergei Magnitsky case. The year 2013 could have been the beginning of an upswing in the trilateral dialogue. In April, US Secretary of State John Kerry and Russian Foreign Minister Sergey Lavrov met on the margins of the G8 foreign ministers' gathering in London. At the same time, US National Security Advisor Tom Donilon called on Putin in Moscow, where he hand-delivered a letter from President Barack Obama detailing potential areas of cooperation. A series of meetings between Russian and American officials throughout the summer saw a new diplomatic push to reframe the US–Russia relationship in the run-up to the Group of Eight meeting in June and the G20 meeting in September 2013. However, the Edward Snowden affair and Obama's subsequent decision to cancel the planned September meeting with Putin in light of insufficient progress on bilateral issues point to a pause in the relationship.
  • Topic: International Relations, Economics
  • Political Geography: Russia, United States, America, Europe
  • Author: Dustin Dehez, Muddassar Ahmed, Nafeez Mosaddeq Ahmed, Spela Kranjc, Ivo Sobral
  • Publication Date: 07-2013
  • Content Type: Working Paper
  • Institution: Atlantic Council
  • Abstract: Europe urgently needs to move forward on a number of crucial reforms simultaneously. To face the challenges of the recession, we need better economic integration. The crisis of the Euro zone is not only a debt crisis. What Europe is facing is a multitude of different crises, of which the debt crises in Greece, Cyprus, Spain, and Italy are only a small part. All European countries have accumulated huge debts, their social security models are facing an inevitable demographic challenge of enormous proportions. The conventional crisis management response—austerity—has failed to create a foundation for future economic stability. To survive, Europe needs to rethink the very foundations of its economic policies for a population that is older and a Europe more fractured. Europe needs to open itself up to immigration, foster regulation and integration of financial markets, overhaul social security structures set up decades ago, galvanize productive investment in new post-carbon industries that will create jobs and spur technological innovation, and invest in a security sector that is capable of projecting stability.
  • Topic: Foreign Policy, Development, Economics, Politics, Reform
  • Political Geography: Europe, Greece, Spain, Italy, Cyprus
  • Author: Mihaela Carstei
  • Publication Date: 06-2012
  • Content Type: Policy Brief
  • Institution: Atlantic Council
  • Abstract: Historically, energy security has played a central role in shaping the national security strategy and interests of the Baltic states. The diverse challenges that exist in the region make it necessary to focus on identifying areas of cooperation between the countries as they pursue diversified oil and gas supplies.This is crucial to achieve a regional approach to the European Union's common energy security goals.
  • Topic: Security, Economics, Energy Policy, Oil, Regional Cooperation
  • Political Geography: Europe
  • Author: Nicholas Dungan
  • Publication Date: 10-2012
  • Content Type: Policy Brief
  • Institution: Atlantic Council
  • Abstract: Vive la différence! or Plus ça change, plus c'est la môme chose? Which French expression best describes François Hollande and his socialist majority, elected in May and June to govern France for the next five years? The correct answer is: both.
  • Topic: Economics, Bilateral Relations, Governance, Reform
  • Political Geography: Europe, France
  • Publication Date: 10-2012
  • Content Type: Working Paper
  • Institution: Atlantic Council
  • Abstract: The Atlantic Council promotes constructive US leadership and engagement in international affairs based on the central role of the Atlantic community in meeting the international challenges of the 21st century. The Council embodies a nonpartisan network of leaders who aim to bring ideas to power and to give power to ideas by stimulating dialogue and discussion about critical international issues with a view to enriching public debate and promoting consensus on appropriate responses in the Administration, the Congress, the corporate and nonprofit sectors and the media in the United States and among leaders in Europe, Asia, Africa, and the Americas. Through its diverse networks, the Council builds broad constituencies to support constructive US leadership and policies. Its program offices publish informational analyses, convene conferences among current and/or future leaders, and contribute to the public debate in order to integrate the views of knowledgeable individuals from a wide variety of backgrounds, interests and experiences.
  • Topic: Security, Defense Policy, Economics, Military Strategy, Maritime Commerce
  • Political Geography: Africa, United States, Europe, Asia, Atlantic Ocean
  • Author: Robert A. Manning
  • Publication Date: 12-2012
  • Content Type: Working Paper
  • Institution: Atlantic Council
  • Abstract: The National Intelligence Council in its new report, Global Trends 2030: Alternative Worlds, argues that the historic moment the Obama Administration now confronts “recalls past transition points–such as 1815, 1919, 1945, and 1989–when the path forward was not clear-cut and the world faced the possibility of different global futures.”
  • Topic: Foreign Policy, Economics, Globalization, Politics, Hegemony
  • Political Geography: United States, Europe, Atlantic Ocean
  • Author: Harlan Ullman
  • Publication Date: 07-2011
  • Content Type: Policy Brief
  • Institution: Atlantic Council
  • Abstract: Regardless of how the conflict in Afghanistan (along with NATO's role, presence, and draw down) is resolved, one consequence will be to increase the importance of U.S. European Command (EUCOM) both in Europe and for the entire transatlantic community. Whether Operation Enduring Freedom and International Security Assistance Force (ISAF) produce a stunning victory in which Afghanistan emerges as a stable state under the rule of law with a viable government or a rocky withdrawal in the midst of continuing violence with no clear solution in sight, NATO nations will have long tired of that war. Fortunately, the Lisbon Summit with a 2014 end date has eased domestic political pressures over Afghanistan. However, that relief is by no means permanent.
  • Topic: Defense Policy, Economics, International Cooperation, Military Strategy, Reform
  • Political Geography: Afghanistan, United States, Europe
  • Author: Julie Chon
  • Publication Date: 12-2011
  • Content Type: Policy Brief
  • Institution: Atlantic Council
  • Abstract: When it comes to resolving financial crises, size matters, but so does transparency. In both the US and European crises, the drive for size—firing off enough public funds to plug the hole in the financial system—has proven to be self-defeating as markets raise ever higher, unrealistic, and inappropriate expectations for government policy. This strategy addresses some of the economics and none of the politics of crisis management. The race to meet the size test distracts policymakers from addressing the real impediment to restoring investor and public confidence: the inherent uncertainty and lack of transparency associated with extraordinary government actions in times of crisis. The absence of transparent decision-making inflicts a costly blow to the credibility of policymakers because markets and citizens cannot see or believe what leaders are doing to stabilize the financial system.
  • Topic: Debt, Economics, International Trade and Finance, Financial Crisis
  • Political Geography: United States, Europe
  • Publication Date: 07-2011
  • Content Type: Working Paper
  • Institution: Atlantic Council
  • Abstract: In 2008 and 2009 political and business leaders scrambled to stabilize the financial system and avert a slide into world-wide depression as a financial crisis of historic proportions spread across the globe. A series of bold emergency measures succeeded in defusing the crisis, and these same leaders began searching for ways to avoid a similar breakdown in the future. At the same time, the effort to restart economic growth and job creation began in earnest.
  • Topic: Economics, International Cooperation, International Trade and Finance, Financial Crisis
  • Political Geography: United States, Europe