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November 24, 2015

Europe and Eurasia
How Low Can Mario Go? How Low Can Mario Go?

In September 2014 the European Central Bank lowered its deposit rate to an all-time low of -0.2 percent, after which ECB President Mario Draghi declared that rates were “now at the lower bound.” W…

December 28, 2017

United States
Kohl 1989 Ten World Figures Who Died in 2017

I wrote yesterday about ten Americans who died in 2017 who helped shape U.S. foreign policy during their lifetimes. But Americans are not the only ones who influence world affairs. Below are ten worl…

April 22, 2015

Cuba
New York Governor Andrew Cuomo, right, talks with Cuba’s Josefina Vidal, director general of the U.S. division at Cuba’s Foreign Ministry, left, and Gustavo Machin, Cuba’s deputy chief of North American affairs, center, before a meeting with Cuba’s Minister of Foreign Trade Rodrigo Malmierca at the Hotel Nacional in Havana, Cuba, Monday, April 20, 2015. (Ramon Espinosa/Courtesy: Reuters) Gov. Cuomo Visits Cuba, and What Could Be Wrong with That?

New York Governor Andrew Cuomo, right, talks with Cuba’s Josefina Vidal, director general of the U.S. division at Cuba’s Foreign Ministry, left, and Gustavo Machin, Cuba’s deputy chief of North Ameri…

September 27, 2012

Italy
Mario Monti on Challenges for the Euro and the Future of European Integration

Italian prime minister Mario Monti discusses his tenure in office and his country's participation in the eurozone. The C. Peter McColough Series on International Economics is presented by the Cor…

August 17, 2015

Cuba
Did The Kerry Visit To Cuba Matter?

Secretary of State Kerry traveled to Havana to raise the flag at the U.S. Embassy there last week. As has been noted here in this blog and in many news articles and columns, no dissidents or human ri…

April 1, 2016

Global
Teaching Notes State Capitalism.jpg State Capitalism: How the Return of Statism is Transforming the World

Teaching Notes for State Capitalism: How the Return of Statism is Transforming the World by CFR Senior Fellow for Southeast Asia, Joshua Kurlantzick.

June 3, 2014

Europe and Eurasia
Mr. Draghi, Tear Down These Rates! Mr. Draghi, Tear Down These Rates!

ECB President Mario Draghi was able to stabilize Eurozone nominal lending rates, which had been climbing dangerously in the periphery countries, with his famous do “whatever it takes” speech in Ju…

April 16, 2014

Europe and Eurasia
Should the ECB Go on a Bund Buying Spree? Should the ECB Go on a Bund Buying Spree?

Should the European Central Bank finally join the Fed, the Bank of England, and the Bank of Japan and deliver a good, stiff dose of Quantitative Easing? Maybe, came the surprise response from the…

January 24, 2014

Europe and Eurasia
“The Euro Crisis Is Dead! Long Live the Euro Crisis!” “The Euro Crisis Is Dead! Long Live the Euro Crisis!”

You’ve got to hand it to Mario Draghi.  Never in the history of central banking has one man accomplished so much with so few words and even less action. Since having announced the creation of the…

March 19, 2013

Outgoing Italian prime minister Mario Monti speaks during a news conference at a European Union leaders summit to discuss the EU's long-term budget on February 8, 2013 (Eric Vidal/Courtesy Reuters). Europe, Italian-Style

Last summer, after two years of growing uncertainty, systemic risk in the eurozone finally began to wane, as conditional commitments came together. Italy and Spain offered credible fiscal and growth-…