Europe

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

Video

What To Do About Russia and Ukraine

Speakers: Karen E. Donfried, Robert Kahn, and Stephen Sestanovich
Presider: Richard N. Haass

Ukraine's recently held presidential election has been deemed a success, but the country faces a number of continuing challenges including an ongoing separatist rebellion in the east. Karen Donfried of the German Marshall Fund and CFR Fellows Robert Kahn and Stephen Sestanovich join CFR President Richard N. Haass to discuss the crisis in Ukraine and its implications for U.S. foreign policy.

See more in Russian Federation; Ukraine; Politics and Strategy

Audio

What To Do About Russia and Ukraine

Speakers: Karen E. Donfried, Robert Kahn, and Stephen Sestanovich
Presider: Richard N. Haass

Ukraine's recently held presidential election has been deemed a success, but the country faces a number of continuing challenges including an ongoing separatist rebellion in the east. Karen Donfried of the German Marshall Fund and CFR Fellows Robert Kahn and Stephen Sestanovich join CFR President Richard N. Haass to discuss the crisis in Ukraine and its implications for U.S. foreign policy.

See more in Russian Federation; Ukraine; Politics and Strategy

Transcript

What To Do About Russia and Ukraine

Speakers: Karen E. Donfried, Robert Kahn, and Stephen Sestanovich
Presider: Richard N. Haass

Ukraine's recently held presidential election has been deemed a success, but the country faces a number of continuing challenges including an ongoing separatist rebellion in the east. Karen Donfried of the German Marshall Fund and CFR Fellows Robert Kahn and Stephen Sestanovich join CFR President Richard N. Haass to discuss the crisis in Ukraine and its implications for U.S. foreign policy.

See more in Russian Federation; Ukraine; Politics and Strategy

Primary Sources

EU-Georgia Association Agreement

As part of the EU's Eastern Partnership, in June 2014, Georgia and the European Union signed this agreement, which includes a free trade area and EU's support in political reforms and in conflict resolution between Georgia and the separatist regions of Abkhazia and South Ossetia. In November 2014, Russia and Abkhazia signed a military agreement and Russia and South Ossetia are expected to sign a similar treaty on alliance and integration in February 2015.

See more in EU; Georgia; Trade; Diplomacy and Statecraft