The European Council on Foreign Relations

Commentary: Economic Crisis

What does the crisis mean for Europe - its member states, institutions and policies? How can the EU protect, and expand, its project during the crisis? How can Europe use the economic crisis to push for common solutions to global problems?

The economic crisis has hit Europe hard. ECFR's experts have been analysising what the crisis means for the future of the EU's foreign policy and global outlook.

ECFR's work on the crisis 

  • Europe in a world of crisis”. Both a timely and vast topic. It was also the theme for ECFR’s latest council meeting, held in Stockholm (the current seat of the EU Presidency) on 10-12 May. Click here for more information. 
  •  ECFR's Berlin office held a high level meeting on 7 May, dealing with many of the issues posed by the economic crisis. For more information on this event, please click here.
  • Mark Leonard presented his paper, EU-Russia relations: Is the global economic crisis another false opportunity? at an experts seminar on EU policy on Russia on 23 April 2009.
  • ECFR and Asia Centre published the March edition of China Analysis: China and the global crisis: Will Beijing be part of the solution?.

See more examples of ECFR's work on the economic crisis in the below commentary pieces.

Co-ordination is key to G8 success

Enlarged G8 summits are proving to be inefficient and the EU bears much of the blame.
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Rescue plans

The economic crisis has highlighted the lack of respect member states have for the European Commission.
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An open letter to EU leaders

31 Mar 09 -
Ahead of the G20 summit, ECFR calls on EU leaders to show the vision and leadership to develop a coordinated position on the financial crisis.
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The hour of Europe

A clear message must be sent to those who are doubtful about the EU's worth: we are in this together.
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Peripheral care should be the central concern

23 Mar 09 - By GEORGE SOROS
Unless the G20 summit comes up with practical measures to support the less developed countries, markets are going to suffer another sinking spell.
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More trouble ahead

03 Mar 09 - Andrew Wilson,
Endless political infighting and the economy in the doldrums - as if the gas dispute weren't bad enough, Ukraine is lurching from one crisis to another.
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What does the financial crisis mean for EU foreign policy?

25 Feb 09 - Daniel Korski,
The financial crisis has implications far outside the finance and economic sectors. What does it mean for the EU's foreign policy?
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The eurozone needs a government bond market

18 Feb 09 - George Soros
George Soros argues that a eurozone government bond market would bring immediate and vital benefits.
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How to avoid the ruin of the European market

Taskforces chaired by the European Commission should co-ordinate state aid, making sure that national measures reinforce each other to the greater benefit of the sectors concerned and avoid bending competition rules, writes Giuliano Amato and Emma Bonino.
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The global financial crisis: opportunities for change

10 Nov 08 - Andre Wilkens
The world's severe economic downturn must be addressed alongside and not to the exclusion of other problems, says ECFR Council Member Andre Wilkens.
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In the Press

New York Times
15 May 12

Thomas Klau quoted on Hollande's visit to Berlin

Le Monde
15 May 12

Le Monde quotes ECFR's Policy Brief on China and Germany new special relationship

Francetv Info
15 May 12

Thomas Klau is quoted on Hollande’s first meeting with Merkel in Berlin

Rzeczpospolita
15 May 12

Thomas Klau quoted on Hollande's visit to Berlin and negotiations of Fiscal Pact

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