EU leaders are making plans for a Greek exit from the euro, even as Prime Minister George Papandreou scrambles to garner support for the new EU rescue package and tougher austerity measures.
Nick Malkoutzis argues that Greek Prime Minister George Papandreou's call for a popularreferendum on the debt deal is counterproductive at best and self-destructive at worst.
In a region buffeted by change, Turkey is developing into a Middle East model and leader. Cooperation on Kurdish separatists and on a NATO radar base signal warming ties with the Obama administration, says CFR's Steven A. Cook.
Sebastian Mallaby, Director of the Maurice R. Greenberg Center for Geoeconomic Studies and Paul A. Volcker Senior Fellow for International Economics, says Greece is nearing a turning point in its debt crisis. Mallaby predicts that "Greece is going to have to default, it's going to have to be restructured in its debt," and argues that policy-makers need to "prevent the fire from spreading out of Greece and causing trouble all across the eurozone."
This September 2011 UN "Report of the Secretary-General’s Panel of Inquiry on the 31 May 2010 Flotilla Incident" was directed by Sir Geoffrey Palmer and was the committee's final report on the incident.
Despite a German parliamentary vote to boost the eurozone's bailout mechanism, Greek sovereign debt levels appear unsustainable and a default may be inevitable. Most economists think the question now is how to make the process orderly.
The Independent International Commission on Kosovo prepared a report on Kosovo in 2000; the link below displays the executive summary. The commission’s mission statement said,
“The Independent International Commission on Kosovo will examine key developments prior to, during and after the Kosovo war, including systematic violations of human rights in the region. The Commission will present a detailed, objective analysis of the options that were available to the international community to cope with the crisis. It will focus on the origins of the Kosovo crisis, the diplomatic efforts to end the conflict, the role of the United Nations and Nato's decision to intervene militarily. It will examine the resulting refugee crisis including the responses of the international community to resolve the crisis. The effect of the conflict on regional and other states will also be examined. Furthermore, the Commission will assess the role of humanitarian workers, NGOs and the media during the Kosovo war. Finally, the Commission will identify the norms of international law and diplomacy brought to the fore by the Kosovo war and the adequacy of present norms and institutions in preventing or responding to comparable crises in the future.”
In his piece for the London Review of Books, Josh Lanchester discusses the economic crisis in Greece, offering different approaches for improving a rather "dismal" situation.
Despite the Greek parliament's approval of an austerity package, the country's enormous debt and EU countries' tortured debate over solutions raise concerns among some experts that default is unavoidable.
Michael Shuman of Time's The Curious Capitalist discusses the future of the U.S. debt burden in the context of Greece's fiscal debacle, suggesting a balanced approach to avoiding default.
Greece's government escaped a no-confidence vote, but the crisis over its massive sovereign debt continues to shake the eurozone. CFR's Sebastian Mallaby says there are no easy solutions and matters may be coming to a head.
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.
There is little doubt Prime Minister Erdogan's AKP party will retain power in Turkey's June 12 elections. The focus will be on whether he uses his mandate to consolidate Turkish democracy under a new liberal constitution, says CFR's Steven A. Cook.
Greece will undoubtedly receive a second bailout from the EU and IMF. But expert Daniel Gros says it remains to be seen whether default is inevitable and if banks and other private bondholders will also take a hit.
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 analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.