Europe

Foreign Affairs Article

Misrule of the Few

Author: Pavlos Eleftheriadis

Just a few years ago, Greece came perilously close to defaulting on its debts and exiting the eurozone. Today, thanks to the largest sovereign bailout in history, the country’s economy is showing new signs of life.

See more in Greece; Economics

Op-Ed

Europe’s Dodgy Bank Stress Tests

Authors: Benn Steil and Dinah Walker
Wall Street Journal

Benn Steil and Dinah Walker analyze the market reaction to the publication of the European Central Bank's long-awaited bank stress test results. The ECB's coddling of stress-tested banks — through the use of inflated inflation estimates and generous treatment of tax offsets against future profits which may never arise — precipitated a sell-off of bank stocks in a period when broad European indexes were up significantly. Unlike with the successful 2009 U.S. stress tests, there is no credible backstop of public funds available for Eurozone bank recapitalization, which would account for the ECB's reluctance to draw attention to the sector's undercapitalization.

 

See more in Europe; Banks and Banking

Article

The President Who Ate Turkey

Author: Steven A. Cook
Politico Magazine

In evaluating Turkish President Recep Tayyip Erdogan’s first ninety days in office, CFR’s Steven Cook writes that Erdogan has become so power-hungry that he is expanding the powers of the presidency that ever before. As Erdogan makes himself indispensable to all areas of Turkish politics, the more he is rolling back democracy.

See more in Turkey; Presidents and Chiefs of State

Primary Sources

Guidelines on the Implementation of the European Union's Judgment on “Google Spain and Inc v. Agencia Espanola de Proteccion de Datos (AEPD) and Mario Costeja Gonzalez”

On November 26, 2014, the European Union adopted guidelines for search engines to use when deciding whether to remove, upon request, specific articles from search results for a person's name, in accordance with EU data privacy laws. These privacy laws are also referred to as "the right to be forgotten," for citizens to request that searches for their names not surface particular results.

See more in EU; Internet Policy; Privacy

Op-Ed

Dealing with Putin

Authors: Robert D. Blackwill and Dimitri Simes
The National Interest

Ambassador Blackwill and Mr. Simes discuss the stage currently being set for an even more dramatic confrontation between the West and Russia over Ukraine. The authors argue that President Obama must recognize the danger to U.S. national interests that the crisis may create and act accordingly.

 

See more in Ukraine; Russian Federation; Conflict Assessment

Primary Sources

Report for European Commission: Privacy, Data Protection and Ethical Risks in Civil RPAS Operations

In July 2012, the European Union requested that the European Commission study the future of RPAS in Europe and how to integrate civil and commerical remotely-piloted aircraft systems (RPAS, a type of unmanned aircraft system, also called drones) into the European Aviation System and to prepare regulation for implementation by 2016. This report, written by experts from Trilateral Research & Consulting and Vrije Universiteit Brussel for the European Commission, provides independent analysis on privacy concerns associated with civil use of drones and was released November 7, 2014.

See more in EU; Drones; Privacy