Heidi Crebo-Rediker and Douglas A. Rediker examine the role of the European Bank for Reconstruction and Development (EBRD) in Ukraine, arguing that the EBRD should shift its resources away from Russia and, in accordance with its mandate, support Ukraine's transition toward democracy and market-oriented economics.
Ahead of the April 3, 2014, meeting of the European Central Bank (ECB)'s rate-setting Governing Council, CFR Director of International Economics Benn Steil discussed why the expected shift toward more aggressive monetary stimulus will fail to revive private-sector credit without a more compelling bank recapitalization plan.
"There are several lessons that Germany could convey. The first is that reconciliation need not conform to the East Asian ideal. There is a tendency in East Asia to see reconciliation as perfect peace and harmony -- and therefore unattainable -- but Germany's was long, messy, and has not yet ended."
The government of China released its first policy paper on the European Union (EU) in October 2003, outlining potential areas of bilateral cooperation. In April 2014, China released an update on the relationship: "Deepen the China-EU Comprehensive Strategic Partnership for Mutual Benefit and Win-win Cooperation."
Speakers: Justin Vogt, Ivo H. Daalder, and Adm. James Stavridis
Foreign policy experts, Justin Vogt, deputy editor of Foreign Affairs, Ivo Daalder, president of the Chicago Council on Global Affairs, and Admiral James Stavridis, dean of Tuft University's Fletcher School discuss military defense and NATOs role in the present and future territorial and political situation of Ukraine-Russia regarding the territory of Crimea.
"The troops in Crimea may be the elite of the new Russian military. But the Kremlin's investment, analysts said, has revived the military, which has now shown that it can field a competent and even formidable force, and both guard the nation and project power to neighboring states."
Benn Steil's latest op-ed in the Wall Street Journal, co-authored with Dinah Walker, explains why the ECB's anticipated foray into more aggressive monetary stimulus next week won't have any significant effect on the availability and cost of private-sector credit. The ECB believes that its ongoing bank stress tests will help revive the eurozone's moribund banking industry, but they argue that the tests are counterproductive without a mechanism in place to assure sufficient recapitalization of banks that fall short—as there was in the United States in 2009.
Reversing Russia's annexation of Crimea is not the most urgent goal of the Western nations. The bigger challenge is to deal with the emerging fractious nationalism and prevent further breakup of Ukraine from within, writes Stephen Sestanovich.
The members of the United Nations voted on Resolution A/RES/68/262, Territorial Integrity of Ukraine, and the resolution was adopted on March 27, 2014. The resolution is the UN's response to Russia's treaty with Ukraine about Russia annexing Crimea.
President Barack Obama spoke at the Palais Des Beaux Arts in Brussels on March 26, 2014. He spoke about the history of formation of democracies in Europe and the importance of maintaining European regional security and the sovereignty of individual countries. President Obama argued for the United States and other countries to support Ukraine and to isolate the Russian government after Russia's annexation of Crimea.
Leaders from Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, the President of the European Council, and the President of the European Commission met in The Hague and released this statement on March 24, 2014. In the joint document, the leaders declares their support for Ukraine's sovereignty and their rejection of Russia's annexation of Crimea. The document states that the leaders will not attend the G8 meeting in Sochi in June 2014, but will convene as the G7 in Brussels.
The Foreign Policy Initiative organized fifty-two former U.S. government officials and foreign policy experts to sign a bipartisan letter to President Obama regarding policy to respond to Russia's actions in Ukraine.
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.
The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
The author examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to quarantine threats while integrating Pakistan into the broader U.S. agenda in Asia.
Learn more about CFR’s mission and its work over the past year in the 2014 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »