One of the big stories of the last 60 years has been the creation of a European-inspired legal order in the shell of an American security order. This is often called the Western liberal order – and I think that the biggest global risk is the threat to that order.
As part of the ‘Reinvention of Europe’ project, ECFR is publishing a series of papers on the national debates within EU member states about the crisis and the future direction of Europe. The third paper in the series examines the situation in Italy.
The Serbian presidential elections this weekend look familiar – but Serbia is a very different place to how it was in 2004 and 2008. It is normalising fast and its core concerns are far more similar to other European countries than they were before.
Two myths about a Greek exit from the euro have recently gained traction. Both are misguided and both are extremely dangerous. Here are the reasons why.
Europe’s relationship with Beijing will largely be determined by the emerging “special relationship” between China and Germany. However, the rest of Europe must find ways to help Germany be a good European in its relationship with China – or risk being cut out of the loop.
The implosion of Greece's party political landscape and the victory of François Hollande in France transformed the political debate in Europe. Moreover, both events act as a catalyst for a political reinvention of the eurozone and an emergence of a transnational political space.
Since the beginning of the euro crisis, there has been much discussion of actual or potential German “hegemony” in Europe. But Germany's self-centeredness and short-term thinking disqualify it as a hegemon.
The European financial crisis has refocused the debate on the nature of Europe’s political union. Emma Bonino and Marco de Andreis make the case that a ‘lite’ version of federation may provide a viable and practical solution to the euro crisis.
The coming season of grand international summits means the problems of the Eurozone will once again be thrust upon the global stage. But at least this time European leaders don't have to worry about Silvio Berlusconi.
How does the Fiscal Compact shape fiscal policy and austerity in the euro area and what can be done to make austerity in Europe less brutal? The development of a meaningful 'Growth Compact' may provide the best way forward.