Europe/Russia

Ask CFR Experts

What will happen if Britain quits the European Union?

Asked by Neela Chipalkatty, from New York University
Author: Sebastian Mallaby

Britain has long been ambivalent about the European Union (EU) and Britons' low regard for the EU has been exacerbated by the euro crisis. British prime minister David Cameron has said two things. There will be a referendum on Europe before the end of 2017. But before that, Cameron promises to renegotiate Britain's relationship with the EU. Putting these two promises together, the referendum may be less important than one might think.

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Foreign Affairs Article

Castlereagh's Catechism

Author: Brendan Simms

Foreign policy realists have long found inspiration in the ideas of Lord Castlereagh, who served as British foreign secretary during and after the Napoleonic Wars.

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Primary Sources

Remarks by Secretary Kerry and British Foreign Secretary Hague, February 2013

Secretary John Kerry and British Foreign Secretary William Hague gave these remarks after their meeting on February 25, 2013, Kerry's first stop on his first international tour as Secretary of State. They discussed negotiations with Israel-Palestine, the Syrian crisis, Iran's nuclear program, troops in Afghanistan and North Africa, and the U.S.-EU transatlantic trade agreemeent.

See more in U.K., Diplomacy, Peacekeeping

Primary Sources

Joint Statement on U.S.-EU Negotiations for a Transatlantic Trade and Investment Partnership, February 2013

President Barack Obama, European Council President Herman Van Rompuy, and European Commission President José Manuel Barroso gave this joint statement on February 13, 2013. It announced the launch of negotiations for a Transatlantic Trade and Investment Partnership, at the recommendation of a report from the U.S.-EU High Level Working Group on Jobs and Growth.

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Interview

Papacy in Transition

James P. McCartin interviewed by Bernard Gwertzman

The surprise resignation of Pope Benedict XVI has given rise to speculations that the next pontiff to lead the Catholic Church will hail from the developing world, says expert James P. McCartin.

See more in Vatican, Religion

Primary Sources

Report of the U.S.-EU High Level Working Group on Jobs and Growth, February 2013

Led by EU Trade Commissioner Karel De Gucht and Unites States Trade Representative Ron Kirk, the U.S.-EU High Level Working Group on Jobs and Growth presented its final report on February 11, 2013. It recommended the launch of trade and investment negotiations between the United States and the European Union, which leaders announced they would do.

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Backgrounder

Germany's Central Bank and the Eurozone

Author: Christopher Alessi

Germany's Bundesbank remains an influential actor in eurozone policymaking, and its recent disagreements with the ECB raise concerns about managing the zone's debt crisis. This Backgrounder explains.

See more in EU, Economics, EU

Primary Sources

Vice President Biden's Remarks at the Munich Security Conference, February 2013

Vice President Joe Biden presented these remarks at the Munich Security Conference on February 2, 2013. He discussed developments in American foreign policy and international security over the last four years, regarding Iraq and Afghanistan, Iran's nuclear program, the global financial crisis, counterterrorism, and the relationship between the United States and Russia.

See more in Europe/Russia, International Peace and Security

Op-Ed

The BoE Is Getting "Libored"

Authors: Benn Steil and Dinah Walker
Wall Street Journal Europe

Benn Steil's Wall Street Journal Europe op-ed, co-authored with Dinah Walker, argues that the Bank of England is getting "Libored"—that is, misled and manipulated—by the banks benefiting from its Funding for Lending Scheme. The Fed, which has shown interest in the scheme, should beware.

See more in United States, U.K., Capital Markets, Financial Crises, Geoeconomics, International Finance