Hans-Dieter Lucas, Adam Thomson, Pierre Vimont
{
"authors": [
"Pierre Vimont"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace",
"Carnegie Europe"
],
"collections": [
"EU Integration and Enlargement"
],
"englishNewsletterAll": "ctw",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Europe",
"programAffiliation": "EP",
"programs": [
"Europe"
],
"projects": [],
"regions": [
"Europe",
"Western Europe",
"Iran"
],
"topics": [
"EU",
"Economy"
]
}Source: Getty
EU Divisions: Is “Eurogeddon” Just a Matter of Time?
The Greek crisis is the most difficult test the EU has ever had to face; it cannot be solved by austerity alone.
Source: Euronews
The threat of Greece leaving the EU, or a “Grexit,” has deeply shaken Europe.While officials prepared for a worse case scenario, eurosceptic leaders were cheering, like Nigel Farage from the UK Independence Party.
Is the Greek crisis only the starkest example of a multi-speed Europe headed for a downsizing or even extinction?
European leaders are also deeply divided over migration.
And will Spain be the next crisis? With elections there in autumn, euro-sceptic parties have surged in the polls amid anger over EU-mandated austerity policies.
On The Network, these issues are debated by Pavel Telicka, a Czech MEP and Vice President of the Alliance of Liberals and Democrats or ALDE; Pierre Vimont of the think tank Carnegie Europe and a former diplomat; and Pablo Bustinduy, co-ordinator of the European parliament delegation of Podemos, the Spanish leftist party.
This broadcast was originally aired on Euronews’s The Network.
About the Author
Senior Fellow, Carnegie Europe
Pierre Vimont is a senior fellow at Carnegie Europe. His research focuses on the European Neighborhood Policy, transatlantic relations, and French foreign policy.
- Separable, not Separate: Governing Europe’s Collective DefenseArticle
- European Security Strategy: In Search of a New AmbitionCommentary
Pierre Vimont
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie China
- Can China Turn Its Small Modular Reactor Ambitions into Commercial Reality?Article
China has showcased its engineering prowess with small modular reactor demonstration projects. But turning these technological achievements into commercial success will be a greater challenge.
Tong Zhao
- The Plaza Accord and Its Relevance for ChinaCommentary
The Plaza Accord was not an externally imposed punishment of Japan but part of a broader restructuring that Japanese economists and policymakers themselves recognized was necessary. Its effects were undermined, however, when Tokyo responded to the resulting slowdown with policies that exacerbated investment, credit expansion, and the very imbalances the adjustment was intended to resolve.
Michael Pettis
- Who Paid for China’s Last Debt Cleanup, and Who Will Pay for the Next?Commentary
China’s banking crisis in the 2000s was resolved by transferring the costs to households through financial repression—a decision that recapitalized the banks while exacerbating the structural imbalances that continue to shape the Chinese economy today.
Michael Pettis
- The Xi Doctrine Zeros in on “High-Quality Development” for China’s Economic FutureCommentary
In the latest Five-Year Plan, the Chinese president cements the shift to an innovation-driven economy over a consumption-driven one.
Damien Ma
- How China’s Growth Model Determines Its Climate PerformanceCommentary
Rather than climate ambitions, compatibility with investment and exports is why China supports both green and high-emission technologies.
Mathias Larsen