Once fear reaches a critical mass, people will act, and then a bank run becomes a self-perpetuating process. There has been a lot of complacency about the eurozone crisis in the past eight months.
Stewart Patrick writes about the theoretical and practical implications of significant changes to the international political system over the past two decades in Geir Lundestad's International Relations Since the End of the Cold War: New and Old Dimensions.
A U.S.-EU Transatlantic Trade and Investment Partnership (TTIP) could provide a significant boost to U.S. jobs, growth and trade. Conversely, the primary pitfall to the agreement would be if it caused a retreat from multilateralism, divert trade trom emerging markets and weaken institutions such as the World Trade Organization.
Edward Alden writes that the U.S.-European Union Transatlantic Trade and Investment Partnership negotiations are "the biggest consolation prize in the history of international trade liberalization."
Should a functioning government fail to emerge in Italy, the eurozone could soon find itself engulfed in another round of expensive and controversial bailouts, says CFR's Charles Kupchan.
Since their inception in 2000, The Millennium Development Goals have revolutionized the global aid business, using specific targets to help mobilize and guide development efforts. They have encouraged world leaders to tackle multiple dimensions of poverty simultaneously and provided a standard for judging performance. As their 2015 expiration looms, the time has come to bank those successes and focus on what comes next.
U.S. and EU policymakers see multiple signs for a free-trade deal that could stimulate halting economies on both sides of the Atlantic and spur global talks, says expert Jeffrey Schott.
South Korea's vice minister of foreign affairs and trade explains the need for an increasing role of middle powers in global governance and South Korea's role in the G20.
NATO Secretary General Anders Fogh Rasmussen held a final press conference on February 22, 2013, after meetings of NATO Defence Ministers regarding the International Security Assistance Force and the transition in Afghanistan.
G20 finance ministers and central bank governors issued this communiqué at the summit in Moscow on February 15 and 16, 2013. Major agreements from the discussions include refraining from devaluing their currencies devaluation and enforcing corporate tax laws.
A broad-sweeping look at international efforts to prevent armed conflict. This is part of the Global Governance Monitor, an interactive feature tracking multilateral approaches to several global challenges.
Secretary John Kerry and United Nations Secretary-General Ban Ki-moon gave these remarks before their meeting on February 14, 2013. They outlined the main issues they would discuss: North Korea's nuclear test and Six Party Talks, negotiations with Iran, the crisis in Syria, and France's intervention in Mali.
Germany's Bundesbank remains an influential actor in eurozone policymaking, and its recent disagreements with the ECB raise concerns about managing the zone's debt crisis. This Backgrounder explains.
With the recent revelation of a United Nations inquiry into U.S. drone strikes policies and practices, Micah Zenko says the UN has actually been investigating U.S. drones for ten years—but to no effect.
British Prime Minister Cameron gave these remarks at Bloomberg in London on January 23, 2013. He discussed his view of the future of the European Union and his plans to hold a referendum on the United Kingdom's membership.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
Special operations play a critical role in how the United States confronts irregular threats, but to have long-term strategic impact, the author argues, numerous shortfalls must be addressed.
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.
Two experts argue that despite myriad development strategies, only one can succeed in alleviating poverty in India: the overall growth of the country's economy. More