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Event Recap

Oct 28, 2011

Roundtable with Governor Jihad Al-Wazir on the Palestinian Statehood Project and Economic Prospects

By Jason Harmala

On October 28, the Rafik Hariri Center for the Middle East hosted the Governor and Chairman of the Palestinian Monetary Authority, Jihad al-Wazir, to discuss the state of the Palestinian economy, the impact of the statehood initiative, and the role of the Palestinian Monetary Authority in navigating the unique challenges facing the West Bank and […]

Economy & Business Middle East

New Atlanticist

Oct 28, 2011

Eurozone Crisis Solved . . . Again!

By Alexei Monsarrat and James Joyner

The overnight deal to address the Eurozone debt crisis follows an eerily familiar pattern. Waiting until action was long overdue, Europe’s leaders have come up with a solution they will sell as final and complete while leaving important — and potentially deal killing — details for later. The markets surged yesterday on the news of […]

Economy & Business European Union

NATOSource

Oct 23, 2011

In Europe, new fears of German might

By Michael Birnbaum, the Washington Post

From Michael Birnbaum, the Washington Post:  For decades, Germany’s role in Europe has been to supply the cash, not the leadership.

Economy & Business United Kingdom

Event Recap

Oct 21, 2011

European Banking at the Crossroads

By Jason Harmala

On October 21, the Atlantic Council hosted a conference call discussion with Michael Lafferty, a globally recognized expert on banking and finance, who provided an insider’s perspective on Europe’s banking crisis in advance of this weekend’s critical European Council summit. “European banking really is at a crossroads – the likes of which we have not […]

Economy & Business Europe & Eurasia

New Atlanticist

Oct 21, 2011

Belarus Is Heading to Default

By Anders Aslund

Belarus is heading to default. This country of 10 million people is running out of international currency reserves. Officially, they were down to $2.2 billion on October 1, which is a month’s worth of imports. But when reserves are so small the question always arises whether they are really usable. Meanwhile inflation surged and it […]

Belarus Economy & Business

New Atlanticist

Oct 18, 2011

High Noon for Europe’s Banks

By Michael Lafferty

There is a gigantic hole in the balance sheets of Europe’s banks – from France to Germany, from Spain to Italy. Even the UK, which thought it had put all this behind it with an unprecedented bailout of major banks in 2008, cannot be excluded. The banks desperately need vast amounts of new capital to […]

Economy & Business European Union

NATOSource

Oct 16, 2011

Prime Minister of Canada: It’s time for Europe and the G20 to act decisively

By Stephen Harper, the Globe and Mail

Economy & Business

New Atlanticist

Oct 13, 2011

The Eurozone’s Original Sin

By Ben Carliner

When the seventeen countries that make up the Eurozone joined the monetary union, they each gave up a very important privilege: the ability to borrow in their own currency. For most members, this seemed at first less a concession than a windfall. Rather than paying a premium over the German benchmark, Eurozone members saw their […]

Economy & Business European Union

New Atlanticist

Oct 12, 2011

Germans Love Europe, but Not the Euro

By Wolfgang Ischinger

Commentators on both sides of the Atlantic have spent the last year trying to explain Germany’s halting, confounding approach to the euro crisis. Digging deep into the country’s history, a recent article in The Economist emerged with a telling question from the theologian Martin Luther: Why should sinners be given an easy way out?

Economy & Business European Union

New Atlanticist

Oct 4, 2011

Europe’s Sovereign Liquidity Crisis

By Ben Carliner

It really is a shame about Greece. Not that the Greeks deserve sympathy for fudging the numbers to qualify for Euro accession, or their culture of tax evasion, or the political patronage that defines their public sector. Rather, it is a shame that Greece collapsed first. No other European economy is guilty of the types […]

Economy & Business European Union

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