Europe

Primary Sources

European Commission: Towards an Integrated Approach to Cultural Heritage for Europe

The European Commission released this report in July 2014, "to help Member States and stakeholders to make the most of the significant support for heritage available under EU instruments, progress towards a more integrated approach at national and EU level." It discusses the importance of preserving cultural heritage of individual states and Europe as a whole, for social cohesion, inter-cultural dialogue, and economic growth.

See more in EU; Society and Culture

Foreign Affairs Article

Taper Trouble

Author: Benn Steil

Benn Steil's essay in the July/August issue of Foreign Affairs looks at the international consequences of U.S. monetary policy action. He argues that developing-nation governments are coming to see the need for engineering current-account surpluses and large dollar-reserve stockpiles as a means of insulating themselves against Fed-induced capital-flow whiplash. As this amounts to "currency manipulation" in the eyes of U.S. policymakers, trade tensions are apt to grow.

See more in Ukraine; United States; Monetary Policy; International Finance