President Erdogan is playing a game of 12-dimensional chess.
President Erdogan is playing a game of 12-dimensional chess.
Germany's insistence upon Greek reform is not about inflicting humiliation or exacting revenge, but rather making the country economically viable in the long term, says expert Ulrich Speck.
In his testimony before the Senate Committee on Foreign Relations' Subcommittee on Europe and Regional Security Cooperation, Robert Kahn argues that although Greece's direct trade and financial links to the U.S. economy are small and there is less of a direct systemic threat to the United States than when the crisis began in 2009, the risks are still material.
Council on Foreign Relations Senior Fellow Robert Kahn breaks down the deal and explains what it means for the future of Greece and the European Union. Greece reached an agreement with European creditors that would impose harsh austerity measures in return for a financial bailout.
Leaders of euro member states held a special Euro Summit on Greece. On July 12, 2015, the leaders "agreed in principle that they are ready to start negotiations on an ESM [European Stability Mechanism] financial assistance programme for Greece."
What CFR.org Editors are reading the week of July 6–10, 2015.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that if Greece exits the eurozone, introducing a new currency could occur quickly; getting broader economic policies right is the more difficult challenge facing the country.
Kurds have become critical players amid domestic upheaval and political changes throughout the Middle East. Explore the history of the Kurdish people and why some Kurds may be on the verge of achieving their century-old quest for independence.
Senior fellows from the Council on Foreign Relations break down Greece's referendum on a European bailout package. Voters rejected a deal that would have imposed tough austerity measures on Greece.
Can Western governments learn anything from the Greek fiasco that will produce a better result in Ukraine? There are countless differences between the two situations, but one big similarity should worry us: In both countries an economic crisis has begotten a political crisis, and the two have begun to feed on each other.
Climate talks have largely failed to curb rising temperatures, but bottom-up initiatives featuring subnational actors hold great promise if coordinated effectively. Varun Sivaram and David Livingston argue that California and Germany can “lead from between” to bridge international and subnational climate action.
Until recently, most Europeans believed that their post–Cold War security order held universal appeal and could be a model for the rest of the world. This conviction was hardly surprising, since Europe has often played a central role in global affairs. For much of the last three centuries, European order was world order—a product of the interests, ambitions, and rivalries of the continent’s empires.
Nearly a century after it first emerged in Egypt, political Islam is redefining the Muslim world. Also called Islamism, this potent ideology holds that the billion-strong global Muslim community would be free and great if only it were pious—that is, if Muslims lived under state-enforced Islamic law, or sharia, as they have done for most of Islamic history.
Pope Francis released this document on June 18, 2015. The encyclical states that humans have made "irresponsible use" of the Earth, that climate change affects most people living in poverty, and that all must unite to protect the planet.
The pope's encyclical on the environment carries a profoundly religious message about care for the earth, wedded to a new call for activism, say religious scholars Mary Evelyn Tucker and John Grim.
Greece teeters more than ever on the brink of a eurozone exit, a move that carries far greater consequences for Western interests than severing the monetary union, says CFR's Sebastian Mallaby.
Eurozone finance ministers meet in Luxembourg to negotiate a deal between Greece and its creditors before its International Monetary Fund debt repayment deadline at the end of June. Greece's membership in the eurozone hangs in the balance. CFR senior fellows Robert Kahn and Sebastian Mallaby will discuss the options the finance ministers might consider and their potential ramifications.
Five years after the onset of its sovereign debt crisis, Greece once again finds itself on the precipice of default and a departure from the nineteen-member eurozone. This reading list provides expert background and analysis of the crisis.
Nicola Sturgeon discusses the recent United Kingdom parliamentary elections and what's next for Scotland.
We are wrong to expect Turkey to become a liberal, western democracy. If the West continues to insist that Turkey become more like us, then we are pushing the country toward increased internal chaos.
Williams argues that the status quo for peace operations in untenable and that greater U.S. involvement is necessary to enhance the quality and success of peacekeeping missions.
The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Ashley's War tells the poignant and gripping story of a groundbreaking team of female American warriors who served alongside Special Operations soldiers in Afghanistan. More
Smith's insightful book explores the policy issues testing the Japanese government as it tries to navigate its relationship with an advancing China. More
This revolutionary new look at volatility and crisis in oil markets explores the conditions in which oil supply fears arise, gain popularity, and eventually wane. More
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