Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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July 11, 2016
Europe
Can Europe Declare Fiscal Victory and Go Home?
Rules are rules and all. But the application of poorly conceived rules is still a problem. Especially in the face of a negative external shock. The eurozone’s fiscal policy is, more or less, th…
June 24, 2015
Europe
Déjà vu in Greece
Here we go again. The counterproposal from Greece’s creditors has been leaked, and it underscores how far apart the two sides remain on a range of issues: VAT, corporate taxes, and especially pension…
June 22, 2015
Europe
Greece: Still No Deal
European finance ministers met earlier today and afterwards stated that new proposals from the Greek government were "broadly comprehensive" and "a solid basis" for restarting talks, but made clear t…
May 7, 2015
Europe and Eurasia
Which Countries Stand to Lose Big from a Greek Default?
The IMF has turned up the heat on Greece’s Eurozone neighbors, calling on them to write off “significant amounts” of Greek sovereign debt. Writing off debt, however, doesn’t make the pain disappe…
July 29, 2014
Russia
Russian Sanctions: Europe Prepares to Act
The Europeans look set to surprise us with significant economic sanctions against Russia (see here and here) that exceed in some respects U.S. measures. The United States likely would expand their sa…