Economic crisis

The EU summit: the view from the capitals

How does the EU summit look from Berlin, Madrid, Rome and Warsaw, and what are the expectations? Four of ECFR's experts tell us how they see the gathering of EU leaders and whether anybody should be optimistic about the outcome.  

The euro crisis: a Spanish perspective

As part of ECFR's 'Reinvention of Europe' project, the authors examine the euro crisis from the perspective of Spain, and argue that new powers must be transfered to the EU alongside an improvement in democratic governance and the acceptance of a new European social contract.  

Europe will leave G20 with a unilateral future

Europeans are strongly in favor of global governance when it is a process they inflict on others, but they are not so keen when others comment on Europe’s affairs. So, is Europe losing its religion on multilateralism?  

Three Elements for a European Recovery Strategy

Growth will not be created with marginal policy measures – we need a fundamental change of the current policy mix. An end to extreme austerity, more public investment and a reform of the financial system must be at the core of a EU growth strategy.  

The dark flip-side of European technocracy

The elitist and technocractic nature of German politics means that the case for European integration is not being made to the German people. Worryingly this is also giving an opportunity for anti-EU populists to gain influence.  

Reinventing Europe: Italy, a country in receivership

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.  

Two dangerous myths about a ‘Grexit’

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.  

Beware the new Beijing-Berlin bond

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.  

Hollande has reinvented politics in Europe

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.  

Germany: What Hegemon?

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.