EU

Interview

Calling for an EU Federal Budget

Jacques Attali interviewed by Christopher Alessi

The European sovereign debt crisis is compounded by a faltering U.S. economy, making the implementation of an EU-wide federal budget and coordination of nation-state budgets necessary to preserve the single currency, says economist Jacques Attali.

See more in EU; Budget, Debt, and Deficits

Interview

A 'Deepening' European Union

Iain Begg interviewed by Christopher Alessi

Though Standard and Poor's ranks Greece as the world's lowest-rated economy, calling into question the eurozone's future, economist Iain Begg says the debt crisis will paradoxically have the effect of deepening EU integration.

See more in Greece; EU; Financial Crises

Video

EU's Rehn: Greek Aid Plan Days Away

European Union Commissioner for Economic and Monetary Affairs Olli Rehn expects negotiations on a new Greek aid plan between the EU, IMF, and Greek government will conclude "in the coming days," ahead of the EU finance ministers' meeting scheduled for June 20.

See more in Greece; EU

Video

EU's Rehn backs Christine Lagarde for IMF Chief

Speaker: Olli Rehn

European Union Commissioner for Economic and Monetary Affairs Olli Rehn says French Finance Minister Christine Lagarde "would make a very good managing director of the IMF for the whole world, not only for Europe." "The European Union and its member states see that Christine Lagarde, the finance minister of France, has very strong professional qualifications and has earned the respect of her peers as the chairperson of the G20," Rehn said.

See more in International Organizations and Alliances; Algeria; EU

Video

Debt, Governance, and Growth: A Eurozone Perspective

Speaker: Olli Rehn
Presider: Steven L. Rattner

Olli Rehn, commissioner for economic and monetary affairs for the European Union (EU), details the steps the EU is taking for comprehensive economic repair, and states that the EU is maintaining its momentum of growth.

This meeting was part of the C. Peter McColough series on International Economics.

See more in Budget, Debt, and Deficits; EU

Audio

Debt, Governance, and Growth: A Eurozone Perspective (Audio)

Speaker: Olli Rehn
Presider: Steven L. Rattner

Olli Rehn, commissioner for economic and monetary affairs for the European Union (EU), details the steps the EU is taking for comprehensive economic repair, and states that the EU is maintaining its momentum of growth.

This meeting was part of the C. Peter McColough series on International Economics.

See more in Budget, Debt, and Deficits; EU

Analysis Brief Author: Roya Wolverson

Ireland's multibillion-dollar bailout failed to alleviate investor jitters about Europe's debt woes. Experts warn about the fallout for eurozone countries, the heavily indebted United States, and the global economic recovery.

See more in Ireland; EU; Financial Crises

Interview

A Divided and Insular EU

Stewart M. Patrick interviewed by Roya Wolverson

The eurozone fiscal crisis has led many EU members to discount the benefits of European integration, but the bloc is likely to muddle along and focus on inward relations while bonds with Washington weaken, says CFR's Stewart Patrick.

See more in Financial Crises; EU

Must Read Author: Mary Elise Sarotte

For all the success of German reunification, it left behind fateful seeds that sprouted into the current eurozone crisis. To overcome the current downturn, Europe should finish the job started two decades ago and retrofit the European Union with stronger political institutions, writes Mary Elise Sarotte in Foreign Affairs.

See more in Financial Crises; EU