EU

Analysis Brief

U.S.-EU Clash of Agendas

President Bush's agenda in Vienna includes Iran, Iraq, Afghanistan and trade. But in a lingering sign of trouble in the decades-old partnership, European leaders, pushed by their electorates, say they'll bring up Guantanamo, Haditha, and U.S. renditions of terrorist suspects too.

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Article

Centrifugal Europe

Author: Charles A. Kupchan
Survival

Charles A. Kupchan argues that unless the growing gap between governance and governed is resolved, the EU may be headed for fragmentation, if not outright dissolution.

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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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See more in Western Europe, EU, Economics, Financial Crises, EU, IMF

Ask CFR Experts

What will happen if Britain quits the European Union?

Asked by Neela Chipalkatty, from New York University
Author: Sebastian Mallaby

Britain has long been ambivalent about the European Union (EU) and Britons' low regard for the EU has been exacerbated by the euro crisis. British prime minister David Cameron has said two things. There will be a referendum on Europe before the end of 2017. But before that, Cameron promises to renegotiate Britain's relationship with the EU. Putting these two promises together, the referendum may be less important than one might think.

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Audio

Economic Prospects for the Eurozone

Speaker: Willem H. Buiter
Presider: J. Tomilson Hill

Willem H. Buiter, chief economist at Citigroup, discusses break-up risk, sovereign debt restructuring, bank creditor bail-ins, debt mutualization, austerity, and growth in the eurozone.

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Audio

Media Conference Call: Can the Eurozone be Rescued?

Speakers: Sebastian Mallaby and Benn Steil
Presider: Robert McMahon

European leaders met in Brussels to craft a comprehensive solution to the eurozone sovereign debt crisis. Sebastian Mallaby, director of CFR's Greenberg Center for Geoeconomic Studies, and Benn Steil, CFR director of international economics, discussed the outcome of the summit, the role of the continent's banks, the Greek debt crisis, and the eurozone's financial rescue fund.

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Backgrounder

Germany's Central Bank and the Eurozone

Author: Christopher Alessi

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.

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Backgrounder

The Eurozone in Crisis

Author: Christopher Alessi

The eurozone, once seen as a crowning achievement in the decades-long path of European integration, is buffeted by a sovereign debt crisis of nations whose membership in the currency union has been poorly policed.

See more in EU, Financial Crises, Geoeconomics