EU

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Project Syndicate: The Eurozone’s Calm Before the Storm

Author: Nouriel Roubini

"So far, the grand bargain between the core and the periphery has held up: the periphery continues austerity and reform while the core remains patient and provides financing. But the eurozone's political strains may soon reach a breaking point, with populist anti-austerity parties in the periphery and populist anti-euro and anti-bailout parties in the core possibly gaining the upper hand in next year's European Parliament elections."

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Article

Pivot to a Trans-Atlantic Market

Authors: Charles A. Kupchan and Marta Dassù
New York Times

Yes, the United States is pivoting to Asia, one of the reasons for the tête-à-tête last week between Barack Obama and Xi Jinping. But behind the scenes, President Obama has actually been reorienting U.S. diplomacy toward Europe.

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Primary Sources

European Commission: Roadmap for the Integration of Civil Remotely-Piloted Aircraft Systems into the European Aviation System

In July 2012, the European Union requested that the European Commission study the future of RPAS in Europe and how to integrate civil and commerical remotely-piloted aircraft systems (RPAS, a type of unmanned aircraft system, also called drones) into the European Aviation System and to prepare regulation for implementation by 2016. The commission released a roadmap in June 2013 and, on April 8, 2014, sent to the EU recommended actions for implementing regulation on civilian drone use. The European Commission also requested a report from independent organizations to study privacy concerns associated with civil use of drones.

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Ask CFR Experts

How long will it take southern Europe to rebound from the eurozone crisis, and how will that affect the rest of Europe?

Asked by Jackson Ryan, from King HS

The debt crisis that has hammered southern Europe since 2010 will have long-lived economic effects, despite the moderation in Spanish and Italian government borrowing costs since the European Central Bank's "Outright Monetary Transactions" initiative last September.

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Interview

A Growth Strategy for Greece

George Papandreou interviewed by Christopher Alessi

The EU and IMF should loosen the austerity requirements of Greece's bailout package to allow the indebted country to implement needed growth-enhancing policies, says former prime minister George Papandreou.

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Ask CFR Experts

What are the potential benefits and pitfalls of the proposed U.S.-EU Free Trade Agreement?

Asked by Bill Wanlund
Author: Robert Kahn

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 from emerging markets and weaken institutions such as the World Trade Organization.

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