European Power

Iran: the year of living dangerously

The European decision to tighten sanctions against Iran is correct. Careful, balanced and measured pressure on Tehran is necessary as we face a particularly dangerous year for relations with the Iranian regime.  

Burma is changing, so where is Ashton?

There are encouraging signs that the junta ruling Burma is starting to reform, and the country has been visited by Hillary Clinton and several top politicians from Europe. The EU's foreign policy chief, Catherine Ashton, also needs to pay Burma a visit, and soon.  

A road map for the euro

The financial markets have repeatedly shown their distrust in the long term sustainability of European Monetary Union. Confidence desperately needs to be restored, and that means rapid and credible agreement on measures that include a more integrated political framework.  

The year of the HUBRICS

With Europe and much of the West facing a seemingly painful decline, attention continues to shift to the BRICS and the world's other rising powers. But are these countries overplaying their hands as the cracks begin to show in their economic virility?  

The eurozone will pay a high price for Germany’s economic narcissism

Germany's minimalist approach to fixing the eurozone crisis is not only leading to ever more bailouts. It is also harming the rest of the eurozone because Germany's 'ordoliberalism' is too inflexible to provide a coherent answer to the crisis.  

Ten trends for 2012

After a frenetic 2011, what are the big trends that are going to shape Europe and the wider world in 2012? Here are ten that ECFR experts think are likely – and one widely predicted trend that we don't think will happen…  

Václav Havel remembered

A defining figure of late twentieth century Europe, Václav Havel, has died. Among his many roles he was an ECFR Council Member, and is being mourned by those who knew, respected and – sometimes – argued with him.  

A European response to the crisis

The crisis of the euro has been a chilling reminder that money is about far more than coins and a means of exchange. We are now standing on the edge of a precipice, and we Europeans have the choice of shirking responsibility or laying the foundations of a new Europe.  

The economics of the summit: an expensive signal to the ECB

The only real success of the euro summit was that it might encourage the ECB to step up its role in the euro area. But years more austerity and a major rift with Britain are a high price the whole euro zone will have to pay for German ideology.  

How the eurozone crisis affects EU power

The economic crisis has huge implications for EU foreign policy. There is less time for it, less money available, and Europe's ability to project soft power is in a coma.