Europe

Analysis Brief

Issue Guide: Crisis in Ukraine

Author: CFR.org Editors

The latest eruption of violence in Ukraine has brought its protracted political unrest—rooted in a dispute over strengthening ties with the European Union—to its bloodiest phase yet. This roundup of expert analysis examines the conflict and consequences for regional stability.

See more in Ukraine; Political Movements and Protests

Analysis Brief

Rescue or Risk for Greece?

Author: Christopher Alessi

Greece appears to have averted imminent default, but its recovery prospects remain clouded by the severity of its planned austerity measures and the impact cutbacks have already had on its stricken economy.

See more in Financial Crises; Greece

Analysis Brief

Does the Greek Deal Go Far Enough?

Author: Christopher Alessi

Even as Greek leaders agree to new austerity measures, the IMF is calling on Greece's official creditors to take losses on its bond holdings. Analysts and policymakers increasingly question the wisdom of EU-mandated austerity measures at the expense of growth.

See more in Financial Crises; Greece

Analysis Brief

Eurozone Fears Permeate Davos

Author: Christopher Alessi

Political and business leaders at the World Economic Forum in Davos are focused on the ongoing eurozone sovereign debt crisis, with some cautioning that Germany is not doing enough to resolve the crisis and facilitate growth.

See more in Financial Crises; Europe

Analysis Brief

Italy and the Future of the Eurozone

Author: Christopher Alessi

New Prime Minister Mario Monti faces the daunting task of reining in Italy's high public debt. Analysts say he will have to tackle fiscal irresponsibility to rebuild market confidence and prevent the eurozone's third largest economy from defaulting.

See more in Italy; Financial Crises; EU

Analysis Brief

Italian Debt Clouds over Europe

Author: Christopher Alessi

Despite a pledge by Prime Minister Silvio Berlusconi to resign, Italy faces pressure to address its sovereign debt burden by quickly implementing austerity measures or risk a new magnitude of eurozone contagion.

See more in Italy; Financial Crises

Analysis Brief

The G20's Eurozone Problem

Author: Christopher Alessi

G20 finance ministers are pressing their EU counterparts to provide a comprehensive plan for stabilizing the eurozone and easing fears of contagion. They have signaled that, for now, the onus is on Europe to fix its debt problems.

See more in Europe; Financial Crises

Analysis Brief

Managing a Greek Default

Author: Christopher Alessi

Despite a German parliamentary vote to boost the eurozone's bailout mechanism, Greek sovereign debt levels appear unsustainable and a default may be inevitable. Most economists think the question now is how to make the process orderly.

See more in Greece; Financial Crises

Analysis Brief

Return of the Eurozone Crisis

Author: Christopher Alessi

Sharp new fears of an escalation in eurozone debt troubles have intensified debate over whether to spur fiscal integration or risk a wider crisis with serious consequences for U.S. financial markets, experts say.

See more in Europe; Financial Crises