"Ever since its start, the existential threat to the single currency has mainly come from two separate but related scenarios: a massive bank run by depositors convinced their euros were about to be turned back into drachmas, escudos or pesetas; or Italy losing access to the bond market, making it unable to refinance its massive €2tn debt pile."
Thomas Bollyky and Anu Bradford discuss the newly launched Transatlantic Trade and Investment Partnership negotiations and its potential for overcoming the real barrier to global trade and commerce – divergent or duplicative regulatory policies.
The Balkans region in southern Europe has been unsettled since the dismantling of Ottoman dominance there in the late nineteenth century. During the twentieth century, ethnic and sectarian tensions not infrequently brought war to the region, most recently during the 1990s amid the breakup of Yugoslavia. The United States played a significant role in bringing peace to Bosnia in 1995 and to Kosovo in 1999, but the region faces continued instability.
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.
With widespread protests in Istanbul and a dozen other cities throughout Turkey, Steven A. Cook argues on the Washington Post that the European Union should reengage Turkey's stalled membership bid as a way to encourage Prime Minister Erdogan to implement democratic reforms at home.
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.
2011 Corporate Conference: Recaps and Highlights
To encourage the free flow of conversation, the 2011 Corporate Conference was entirely not-for-attribution; however, several conference speakers joined us for sideline interviews further exploring their areas of expertise.
Former Treasury secretary Robert E. Rubin and Nobel Laureate economist Michael Spence on the global economic outlook.
Foreign Affairs editor Gideon Rose and Edward Morse on energy geopolitics.