Eurozone

The European Financial Stability Mechanism – A Firewall for the Eurozone and First Line of Defense for Global Financial Stability?

By Global Business & Economics Program

On April 20, the Atlantic Council’s EuroGrowth Initiative hosted Mr. Klaus Regling, Managing Director of the European Stability Mechanism (ESM), to discuss the role of the ESM in preserving global financial stability and promoting growth in the eurozone.

The European Stability Mechanism

By Lu Ding & Ole Moehr

The global economic and financial crisis, which originated in the United States in 2008, ultimately triggered a sovereign debt crisis in Europe in 2010. As a result of sky high debts, economies lacking in competitiveness, and over lenient banking regulations, the credit ratings of the Eurozone members Cyprus, Greece, Ireland, Portugal, and Spain plummeted. These countries began facing prohibitively high interest rates when they attempted to borrow from international credit markets.

Europe in 2022: alternative futures

By Mathew Burrows and Frances Burwell

Sixty years after the signing of the Treaty of Rome, Europe faces its greatest challenges, and possibly its sharpest turning point, since World War II. In this report, Europe in 2022: Alternative Futures, Frances Burwell’s transatlantic expertise joins Mathew Burrows’ deft trends analysis to offer a sobering look at the possible future for Europe with the hope of reigniting the bond between Americans and Europeans so that we may build a better future together.

Launch of the EuroGrowth Report. Charting the future Now: European Economic Growth and Its Importance to American Prosperity

On March 10, The Atlantic Council’s EuroGrowth Initiative launched its flagship Report, Charting the Future Now: European Economic Growth and Its Importance to American Prosperity. Authored by the EuroGrowth Initiative Task Force, the report provides feasible yet ambitious solutions to generate greater economic growth in Europe and improve transatlantic relations. The report is fore worded by former European Commission President Jose Manuel Barroso and former U.S. Ambassador to the EU Stuart Eizenstat.

Charting the Future Now: European Economic Growth and its Importance to American Prosperity

By EuroGrowth Task Force

The European Union (EU), a vital partner for the United States, is facing numerous challenges, including massive migration flows, the UK’s vote to leave the EU (Brexit), and rising support for anti-EU and populist parties in upcoming elections in several European countries. In Charting the Future Now: European Economic Growth and its Importance to American […]

The Power of Transparency to increase Economic Resilience, with IMF Director Christine Lagarde

On February 8, The Atlantic Council Global hosted International Monetary Fund Managing Director Christine Lagarde at the sixth and final installment of the Power of Transparency Series hosted by the Atlantic Council’s Global Business and Economics program and Thomson Reuters. She later participated in a discussion moderated by Axel Threlfall, editor-at-large at Reuters.

Refer-Ending Renzi’s Government

By Filippos Letsas

On December 4, Italian voters rejected former Prime Minister Renzi’s constitutional reform referendum. The result of the referendum renewed concerns about the economic recovery in Italy, stability of the Euro, broader European economic integration, and rising populism across Europe. In the week following the referendum, global markets have focused their attention on the ailing Italian banking sector.