Jacob Kirkegaard interviewed by Christopher Alessi
As Greece inches closer to defaulting on its pile of sovereign debt, European leaders must move quickly to recapitalize the continent's exposed banking sector, says EU economics expert Jacob Funk Kirkegaard.
While Greece has failed to meet the budget requirements mandated by the EU and the IMF, experts say eurozone leaders will likely continue to bailout the country because the costs of letting it go are far greater.
Investors and financial markets are growing convinced that Greece will default on its debt, heightening fears of a eurozone banking crisis that would have significant ramifications for an already fragile global economy.
Daniela Schwarzer interviewed by Christopher Alessi
As Germany and France look to contain a mushrooming sovereign debt crisis, the eurozone will have to consider greater political integration or face a crumbling of the common currency zone, says EU expert Daniela Schwarzer.
The European sovereign debt crisis is compounded by a faltering U.S. economy, making the implementation of an EU-wide federal budget and coordination of nation-state budgets necessary to preserve the single currency, says economist Jacques Attali.
Olli Rehn, commissioner for economic and monetary affairs for the European Union (EU), details the steps the EU is taking for comprehensive economic repair, and states that the EU is maintaining its momentum of growth.
Massive flight from Middle East and North African turmoil has highlighted immigration problems plaguing the European Union, says Jean-Phillipe Chauzy of the International Organization for Migration. He says the EU must address comprehensive reform and also invest in countries like Tunisia to stem the long-term flow of migration.
As European leaders gather to discuss eurozone reforms, German labor union expert Mehrdad Payandeh discusses the benefits of more European integration, but warns austerity policies could tip Germany and the continent back into recession.
Mohamed El-Erian, chief executive and co-chief investment officer of PIMCO, writes in the Financial Times that the package of emergency loans to Ireland will not significantly change the economic landscape of Europe.
Authors: Lawrence Woocher and Paul B. Stares United States Holocaust Memorial Museum
Lawrence Woocher and Paul B. Stares argue that North America and Europe represent a promising venue and springboard for improved international cooperation on the prevention of mass atrocities.
For all the success of German reunification, it left behind fateful seeds that sprouted into the current eurozone crisis. To overcome the current downturn, Europe should finish the job started two decades ago and retrofit the European Union with stronger political institutions, writes Mary Elise Sarotte in Foreign Affairs.
This essay analyzes recent political and economic trends in Europe, as European Union member states--and Germany in particular--deprioritize the goal of integration.
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