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The US must lead with allies or risk becoming a bystander in a reshaped international financial system. As the global economy struggles to recover from COVID-19 and rising powers like China assert economic influence, this mission is critical to the long-term prosperity of the United States and its allies. Strong collaboration between the public and private sectors can help revitalize open markets for the twenty-first century.

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Sep 14, 2011

The Future of Banking: Regulation and Reform in the United States

By Adrienne Chuck

On September 14, the Atlantic Council's Global Business and Economics Program held a discussion with former FDIC Chair Sheila Bair on the continuing challenges in the financial industry nearly three years after the start of the global financial crisis. Bair was a key architect of the new US rules governing the banking system—especially those addressing systemically important institutions and protecting taxpayers from future bank bailouts. She shared her views on the proper role and function of the US banking system once the Dodd-Frank financial regulatory reform law is fully implemented.

Economy & Business International Financial Institutions

NATOSource

Sep 9, 2011

Europe’s debt crisis may be biggest threat to Obama’s re-election

By Desmond Lachman, the Wall Street Journal

From Desmond Lachman, the Wall Street Journal:  A European failure to contain its debt crisis would be a monumental electoral setback for Mr. Obama.

Economy & Business United States and Canada

New Atlanticist

Sep 9, 2011

Key Resignation Another Blow to Eurozone Stability

By James Joyner

The markets took another hard hit today following the abrupt resignation of Jürgen Stark, Germany’s member of the European Central Bank’s board. The euro hit six month lows against the dollar, bank stocks tumbled five percent, the Dow was down 3 percent, and the FTSE All-World index fell 3.07 percent amid near certainty that Greece would […]

Economy & Business

New Atlanticist

Sep 8, 2011

G-7 Faces Three-Front Battle Against Contagion

By Julie Chon

Tomorrow, finance ministers and central bankers from seven wealthy countries in the developed world will convene in Marseilles, France for their regular meeting to assess the health of the global economy. After a few global gatherings when the economic outlook appeared more promising in 2009 and 2010, the G7 agenda is back to battling contagion […]

Economy & Business

New Atlanticist

Sep 2, 2011

Tough Talk on Debt Crisis

By Hugh De Santis

Federal Reserve chairman Ben Bernanke and IMF managing director Christine Lagarde have publicly chastised political leaders on both sides of the Atlantic for their failure to develop policies that stimulate economic growth. But given the political divisions in Europe and the US, their blunt talk is not likely to lead to policies that restart the rich […]

Economy & Business European Union

New Atlanticist

Sep 1, 2011

Euro Bonds: Hope for the Euro Zone

By Max Hirsch

Launched January 1, 2001 to create a stronger and more stable European economic union, the euro experiment is failing. To save it, member nations must go beyond a common currency and embrace a common economy by issuing a common interest euro bond. The ongoing crises in the Eurozone demonstrate the problems with having seventeen countries […]

Economy & Business European Union

NATOSource

Sep 1, 2011

China’s official newspaper warns West to respect U.N. role and Beijing’s “legitimate interests” in Libya

By Chris Buckley, Reuters

From Chris Buckley, Reuters:  China’s top official newspaper warned Western powers to let the United Nations lead post-war reconstruction in Libya, saying on Thursday that Beijing would seek to defend its economic stake after the ousting of Muammar Gaddafi.

Economy & Business Energy & Environment

New Atlanticist

Aug 30, 2011

Running on Empty – Why Europe and the US Continue to Disappoint the Markets

By Garrett Workman

Over the course of the past few months, we at the Council have been understandably, and I think rightly, heavily focused on the enormous economic implications of Europe’s sovereign debt crisis. As country after country comes under the watchful and discerning eyes of the markets, Europe’s leaders seem increasingly perplexed and incapable of undertaking the […]

Economy & Business European Union

New Atlanticist

Aug 18, 2011

Policymaker’s Fear Of The Italian Penalty Shot

By Edward Hugh

According to one anonymous German official speaking off the record to reporters from Der Spiegel, “a country like Italy can’t be saved.” We will have to trust that he was referring to the country’s size when he made the statement, and not its existential core. If he was, he may well be right, at least under […]

Economy & Business European Union

New Atlanticist

Aug 17, 2011

The Most Dangerous Quadrant

By Harlan Ullman

The global economy is adrift in what could be a perfect storm fueled by a drought of growth and consumer demand, tidal waves of debt and deficit and a European banking system that is sinking.

Economy & Business

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