"Europe is under pressure, both internally and from its allies, to take more responsibility for defence and security, especially in its immediate neighbourhood. The post-Cold War history of European deployments in Europe and joint NATO missions provide abundant evidence of such demands. Currently, US defence spending represents 72 percent of the NATO total – up from 63 percent in 2001."
"Azerbaijan is arming to the teeth. Armenia is growing increasingly disillusioned with Russia, its main protector. And the potential for armed conflict in the breakaway Nagorno-Karabakh region appears higher than it has been in years."
"Ever since its start, the existential threat to the single currency has mainly come from two separate but related scenarios: a massive bank run by depositors convinced their euros were about to be turned back into drachmas, escudos or pesetas; or Italy losing access to the bond market, making it unable to refinance its massive €2tn debt pile."
Thomas Bollyky and Anu Bradford discuss the newly launched Transatlantic Trade and Investment Partnership negotiations and its potential for overcoming the real barrier to global trade and commerce – divergent or duplicative regulatory policies.
The Balkans region in southern Europe has been unsettled since the dismantling of Ottoman dominance there in the late nineteenth century. During the twentieth century, ethnic and sectarian tensions not infrequently brought war to the region, most recently during the 1990s amid the breakup of Yugoslavia. The United States played a significant role in bringing peace to Bosnia in 1995 and to Kosovo in 1999, but the region faces continued instability.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
The author examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to quarantine threats while integrating Pakistan into the broader U.S. agenda in Asia.