Why Greece Must Leave the Euro for Greece and Europe to Survive

Report
Oct 7, 2024

Working on a new transatlantic approach toward the Western Balkans

By
Maja Piscevic, Ilva Tare

The United States and the European Union must work together, and play to their own respective strengths, to prioritize democratic and economic growth and alignment with the West.

Corruption
European Union

Why Greece Must Leave the Euro for Greece and Europe to Survive

New Atlanticist
Jul 9, 2024

Dispatch from Madrid: For Spain’s contributions to NATO, look beyond its defense spending

By
Andrew Bernard

While Spain still falls short of its defense spending goals, Madrid nevertheless leads NATO missions, supports Ukraine, and helps guard Europe’s southern flank.

Defense Industry
Defense Policy

Why Greece Must Leave the Euro for Greece and Europe to Survive

Issue Brief
Jul 2, 2024

Doing as the Romans do: Recommendations for the infrastructure development agenda for Italy’s G7 presidency

By
James Batchik, Rachel Rizzo, Nicholas O’Connell

The West’s plans for infrastructure development, if done effectively, could be a strategic, economic, and geopolitical feat. The G7 now must take forward meaningful action to increase coordination and cooperation to turn this ambition into reality.

Africa
Economy & Business

Program

The Europe Center promotes the transatlantic leadership and strategies required to ensure a strong Europe.

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Content

Europe After The Vote

May 16, 2012

Why Greece Must Leave the Euro for Greece and Europe to Survive

By Garrett Workman

In the aftermath of last week’s elections in Greece, in which voters resoundingly rejected further austerity, Europe is struggling to come to terms with Greek voters’ conflicting desire to stay in the Euro while also delaying necessary reforms. However, while debating how to keep Greece in line and in the Euro, a more fundamental question […]

European Union Greece

New Atlanticist

May 16, 2012

A Greek Exit From the Euro Would Lead to Chaos

By Alexei Monsarrat

A few weeks ago there was a wild rumor that Greece’s debt crisis had been dealt with. The hope was that with enough debt relief and a “managed” default, Europe had bought time for global growth to lift the Greek economy, and Greek politicians would wring the country through massive austerity. This was a misread […]

European Union Greece

New Atlanticist

Apr 24, 2012

How Much Europe are the Dutch (and Others) Willing to Pay For

By Julian Lindley-French

Here in the Netherlands the government fell ostensibly over the need for further cuts in public spending to meet Eurozone debt limits. However, lurking in the Dutch political shadows is a much more existential question; how much I as a Dutch taxpayer should pay to keep Spain and the other indebted Eurozone countries afloat?

Economy & Business European Union

NATOSource

Apr 21, 2012

Macedonia pushes NATO, EU membership

By Austin Wright, POLITICO

From Austin Wright, POLITICO:  Macedonia’s renewed push to join the North Atlantic Treaty Organization has drawn bipartisan support on Capitol Hill, but its decades-long dispute with Greece remains a stubborn impediment.

European Union International Organizations

New Atlanticist

Apr 17, 2012

How Spain Can Save Europe

By Ben Carliner

Spanish sovereign bond yields are rising again. It seems that the ECB’s long term refinancing operation has not bought as much time as was hoped. But what are the markets worried about? Is it the backsliding by Spain’s government over its fiscal deficit targets? Or is it in fact austerity itself? Market sentiment is never […]

Economy & Business European Union

Event Recap

Apr 9, 2012

The Austere Life: The Changing Nature of Europe’s Politics and Societies

By Jason Harmala

On April 9, the Global Business & Economics Program hosted a conference call with Kostas Bakoyannis and Alexis Papahelas to discuss the Greek political system and daily life under the country’s heavy austerity measures.

Economy & Business Europe & Eurasia

NATOSource

Apr 6, 2012

NATO can’t let Macedonia fall by the wayside at Chicago

By Sally Painter, the HIll

From Sally Painter, the HIll:  The North Atlantic Treaty provides that any European state that qualifies for membership and that can contribute to the alliance’s security is eligible for membership. Macedonia is highly qualified on both of these fronts.

The Balkans United States and Canada

NATOSource

Apr 4, 2012

54 members of Congress urge Obama to invite Macedonia into NATO

By the Hill

From the Hill: Rep. Candice Miller (R-Mich.) and a bipartisan group of 53 other House members called on President Obama late last week to ensure that the North Atlantic Treaty Organization (NATO) invites Macedonia to the group during a planned May summit meeting in Chicago.

The Balkans United States and Canada

Europe After The Vote

Mar 27, 2012

Greece: An Effective Model for Europe’s Next Wave of Debt Restructuring?

By Jason Harmala

On March 27, the Global Business and Economics Program hosted a conference call with sovereign debt experts Anna Gelpern and Mitu Gulati to discuss Greece’s private debt restructuring and the possibility of other indebted Eurozone countries following in Athens’ footsteps. Anna Gelpern is a professor of law at Georgetown and American Universities, and Mitu Gulati is a professor of law at Duke University. Their analysis of what we have learned from the Greek experience, and what we should expect going forward, provided the following takeaways.

Economy & Business European Union

New Atlanticist

Mar 20, 2012

Marius Montius Caesar: A Latter Day Shakespearean Tragedy?

By Julian Lindley-French

“Beware the ides of March” a Soothsayer warns Caesar. Marius Montius Caesar is made Dictator of the Roman Republic to save the Republic in the name of the Republic. Critical is the support Caesar enjoys from the heads of the two leading families of the Empire, Angela Portia Merkela, formerly of the Germanic tribe, and […]

Europe & Eurasia Italy
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Experts

Staff

Bailey Galicia

Project Assistant

Adrienne Arsht National Security Resilience Initiative GeoStrategy Initiative

Europe & Eurasia Extremism

Fellow

Achilles Tsirgis

Visiting Fellow

Freedom and Prosperity Center

Economy & Business European Union

European Leadership Accelerator Participant

Leon Leskovec

Head of Cabinet for Karlo Ressler, Member of the European Parliament

Millennium Leadership Program

Central Europe Politics & Diplomacy

Staff

Torrey Taussig

Director

Scowcroft Center for Strategy and Security Transatlantic Security Initiative

Eastern Europe Europe & Eurasia

Fellow

Agon Maliqi

Nonresident Senior Fellow

Europe Center

Albanian Bosnian

Fellow

Fabio Petito

Nonresident Senior Fellow

Freedom and Prosperity Center

Freedom and Prosperity Human Rights
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Events

Online Event Fri, June 27, 2025 • 11:30 am ET

What the EU’s Growth Plan for the Western Balkans means for the region
Economy & Business European Union International Markets Political Reform
Online Event Mon, June 30, 2025 • 7:45 am ET

Bolstering the transatlantic partnership at a global inflection point
Europe & Eurasia Southern & Southeastern Europe