Excess German Savings, Not Thrift, Caused the European Crisis

National savings represent a lot more than the thriftiness of local households, and as such it has a lot less to do with household or cultural preferences and more so with the policies or institutions that restrain the household share of GDP.

Why the World Needs a Stronger Europe

The EU’s tarnished image as a community of nations is alarming. It is therefore essential to create the conditions for a better future in a postcrisis world.

Can Russia and the West End Syria's Chaos?

The permanent members of the UN Security Council must work together to transform the fragile U.S.-Russian step toward peace in Syria into a full agreement.

Why the World Needs Reckless Bankers

Despite the raging criticism of the "Anglo-Saxon" financial model during the financial crisis, the funding of risk-taking entrepreneurs is crucial for wealth creation.

Don’t Buy the Hype on the Transatlantic Trade Deal

Expectations for the U.S.-EU free trade agreement are dangerously high. Reaching a deal is likely to take longer and produce smaller gains than optimistic figures suggest.

A Tale of Three Cities’ Struggles with Air Quality

Beijing, London, and Los Angeles all struggle with air pollution. They have much to learn from one another on how to combat it.

Refusing to See the Obvious in Afghanistan

Pakistan and Afghanistan should be encouraged to continue their renewed dialogue on regional security, even if their strategic convergence is limited at best.

Who is More Powerful, Merkel or Murdoch?

The British tabloids wield enormous influence on public opinion and could have an impact on the future of the UK’s participation in the European integration process.

Why Is Europe's Crisis Not Abating?

The deepening economic crisis in Europe can be attributed to ignorance and the increasingly unbalanced concentration of the power to make critical decisions.

Europe's Depressing Prospects

Spain had a stronger fiscal position and healthier bank balance sheets than many of its peers when the crisis began, but it still may end up having to leave the euro and restructure its external debt.

The Big Three in EU Foreign Policy

The EU acts as a bloc with all 27 member states discussing issues and unanimously making decisions, but behind the scenes lies a tacit agreement that the Big Three, France, Germany, and the United Kingdom, take the lead on foreign policy.

India and Europe in a Multipolar World

While the relationship between the European Union and India has a great deal of potential, it has underperformed. To revitalize it, both sides need to move from dialogue to joint action on a regional or multilateral level.

Currency Wars

The real cause of today’s currency tensions lies not in the international monetary system, but in misguided domestic policies in the world’s major economies, which must undertake long overdue and largely internal reforms.

Deterring Safeguards Violations

Responding to non-compliance is a promising area for progress at the 2010 Non-Proliferation Treaty Review Conference, because it imposes no additional burden on states that are playing by the rules.

Grading Progress on 13 Steps Toward Nuclear Disarmament

All NPT states agreed in 2000 to lay out a practical path toward nuclear disarmament – the 13 Steps. While some steps toward disarmament have been taken, much more needs to be done.

European Conflict Management in the Middle East: Toward a More Effective Approach

For the EU to be an effective player in the Middle East, it should seek an efficient division of labor with the United States and pursue greater political engagement in the Palestinian territories, Syria, and Lebanon.

Europe’s Uncertain Pursuit of Middle East Reform

While enjoying both quantitative and qualitative advantages relative to U.S. efforts, European democracy policies in the Middle East require significant revision if they are to attain the sophisticated holistic gradualism to which they aspire.

The Hinge to Europe: Don't Make Britain Choose Between the U.S. and the E.U.

The Iraq War has drastically weakened Tony Blair's domestic position. If Washington forces Britain to choose between the United States and Europe, it may not choose the United States, and a collapse of the relationship with Britain would leave the United States without a single major Western ally. The consequences for U.S. power and influence in the world would be nothing short of disastrous.

Of Paradise and Power: America and Europe in the New World Order

Europe sees the U.S. as high-handed, unilateralist, and unnecessarily belligerent; the U.S. sees Europe as spent, unserious and weak. The anger and mistrust on both sides are hardening into incomprehension.

Iraq: What Next?

Bubble Building

The developed world is eager to grab a slice of someone else's growth if they can't generate any of their own, with potentially negative repercussions for their relations with the developing world.

The Enduring Euro Crisis

The problems that led to the crisis in Europe go beyond just fiscal profligacy and will take a long time to correct. Though the euro will likely survive the adjustment, the crisis could still have a profound effect on the global economy.

EU Plan Must Be Backed Up by Budget Cuts

While the recently announced Eurozone support package suggests the possibility of a new era of fiscal coordination across Europe, it will only succeed if the countries in need of aid undertake far-reaching policy changes.

Europe's Growing Crisis

Recent cuts to the credit ratings of Spain and Portugal indicate that the crisis in Greece is spreading across Europe. Given the financial market pressure on Greece, debt restructuring appears inevitable, but it remains to be seen when it will occur.

The Crisis in Greece Spreads Across Europe

As the problems in Greece intensify, the EU and IMF are preparing a support package to prevent the crisis from spreading to Portugal, Spain, and other European countries.

Greece's Worsening Debt Crisis

The recent spike in Greek bond yields indicates that markets have not been reassured by European leaders' pledges to support Greece. Unless more decisive, detailed plans are announced, the Greek crisis will continue to get worse.

The Future of Europe and the Euro

As the Euro crisis continues to play out in Greece, troubled economies in Europe face years of slow growth and deflation unless European Union leaders overhaul fiscal and monetary policy.

Greek Euro Disease

Greece is now facing a sovereign debt crisis that is calling into question the viability of the Euro itself. While there are no easy solutions to this crisis, both Germany and the IMF must provide Greece with the support it needs.

UN Nuclear Talks

The passage of a UN Security Council resolution on nonproliferation and disarmament is the first evidence that the Obama administration's strategy of achieving an eventual "world without nuclear weapons" is paying off.

British and French Nuclear Submarine Collision and Nonproliferation

The collision of British and French nuclear-armed submarines in early February underscored the need to engage other countries in strategic arms limitation talks.

Renewed Ambitions for NATO

Marking the end of his tenure as U.S. Permanent Representative to NATO, Ambassador Ivo H. Daalder discussed some of the key challenges facing the Alliance.

The Chicago Summit and NATO's New Challenges

The next years will see most, if not all, of NATO's major military operations draw down as the Alliance finds itself, for the first time in twenty years, without a major operation to run.

The Scottish Question and the Future of U.K. Nuclear Forces

A referendum on Scottish independence scheduled for autumn 2014 could have profound ramifications for the United Kingdom's nuclear deterrent and for U.S.-U.K. relations.

2011 Carnegie International Nuclear Policy Conference

The 2011 conference focused on new actors and new agendas, reflecting the need to develop cooperative responses to challenges being posed by changing technology, distributions of political power, interest in nuclear energy, and security conditions in key regions.

The UK Vision for Reinvigorating the Millennium Development Goals

Although the last decade saw great progress in reducing world poverty, the global recession has threatened recent gains. The UK and the international community can work together to reinvigorate progress towards the Millennium Development Goals.

Euro Crisis: Responses from the United States and Germany

As the European crisis continues to intensify, critical questions are emerging about German leadership and the role that the United States can play to influence events in Europe.

The Euro Under Attack

As market confidence in the Greek government debt teeters on collapse, and confidence in Portugal, Spain, and Ireland continues to erode, an urgent question has emerged: will the Euro area implode?

Is There a Convergence Between U.S. and European Policy on Democracy Support?

With the arrival to power of the Obama administration there appears to be a lessening of the divide that opened up in recent years between Europe and the United States over democracy promotion policies and programs.

British Parliamentary Perspectives on Nuclear Disarmament and Nonproliferation

A group of current and former high-level British parliamentarians discussed the need for American leadership in pursuit of global nuclear disarmament, the importance of developments in Iran for British security, and the challenges of engaging public opinion across Europe on issues of nonproliferation and disarmament.

The Future of Afghanistan and Pakistan: The Development Challenge

Development is an integral part of the counterinsurgency in Afghanistan, according to UK Secretary of State for International Development Douglas Alexander. He highlighted the importance of increasing economic opportunity to undercut support for the Taliban.

Renewed Ambitions for NATO

Marking the end of his tenure as U.S. Permanent Representative to NATO, Ambassador Ivo H. Daalder discussed some of the key challenges facing the Alliance.

Excess German Savings, Not Thrift, Caused the European Crisis

National savings represent a lot more than the thriftiness of local households, and as such it has a lot less to do with household or cultural preferences and more so with the policies or institutions that restrain the household share of GDP.

Why the World Needs a Stronger Europe

The EU’s tarnished image as a community of nations is alarming. It is therefore essential to create the conditions for a better future in a postcrisis world.

Can Russia and the West End Syria's Chaos?

The permanent members of the UN Security Council must work together to transform the fragile U.S.-Russian step toward peace in Syria into a full agreement.

Why the World Needs Reckless Bankers

Despite the raging criticism of the "Anglo-Saxon" financial model during the financial crisis, the funding of risk-taking entrepreneurs is crucial for wealth creation.

Don’t Buy the Hype on the Transatlantic Trade Deal

Expectations for the U.S.-EU free trade agreement are dangerously high. Reaching a deal is likely to take longer and produce smaller gains than optimistic figures suggest.

A Tale of Three Cities’ Struggles with Air Quality

Beijing, London, and Los Angeles all struggle with air pollution. They have much to learn from one another on how to combat it.

Bubble Building

The developed world is eager to grab a slice of someone else's growth if they can't generate any of their own, with potentially negative repercussions for their relations with the developing world.

Refusing to See the Obvious in Afghanistan

Pakistan and Afghanistan should be encouraged to continue their renewed dialogue on regional security, even if their strategic convergence is limited at best.

Who is More Powerful, Merkel or Murdoch?

The British tabloids wield enormous influence on public opinion and could have an impact on the future of the UK’s participation in the European integration process.