Commentary
Uri Dadush
{
"authors": [
"Uri Dadush"
],
"type": "other",
"centerAffiliationAll": "",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "",
"programs": [],
"projects": [],
"regions": [
"Western Europe"
],
"topics": [
"Economy"
]
}
Source: Getty
Other
Role of the G20
While Europe needs help from the rest of the G20 to build a firewall around Spain and Italy, the G20 is reluctant to pledge money in support of the troubled countries because it sees that Europe hasn’t developed a clear and unified approach to deal with the crisis.
By Uri Dadush
Published on Nov 23, 2011
Is the G20 doing enough to contain the economic crisis?
No, but this is understandable. While Europe needs help from the rest of the G20 to build a firewall around Spain and Italy, the G20 is reluctant to pledge money in support of the troubled countries because it sees that Europeans are not putting their money where their mouth is. And Europe hasn’t developed a clear and unified approach to deal with the crisis.
The G20 needs to be a part of a comprehensive approach because support for Italy and Spain requires such large amounts of money that the healthy part of the eurozone (mainly Germany at this point) cannot carry the burden on its own in pure economic terms, even if the political stars were aligned.
The G20 needs to be a part of a comprehensive approach because support for Italy and Spain requires such large amounts of money that the healthy part of the eurozone (mainly Germany at this point) cannot carry the burden on its own in pure economic terms, even if the political stars were aligned.
About the Author
Uri Dadush
Former Senior Associate, International Economics Program
Dadush was a senior associate at the Carnegie Endowment for International Peace. He focuses on trends in the global economy and is currently tracking developments in the eurozone crisis.
- The Labors of Tsipras
- Greece, Complacency, and the EuroIn The Media
Uri Dadush
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 Europe
- How Europe Can Survive the AI Labor TransitionCommentary
Integrating AI into the workplace will increase job insecurity, fundamentally reshaping labor markets. To anticipate and manage this transition, the EU must build public trust, provide training infrastructures, and establish social protections.
Amanda Coakley
- European Democracy Support Annual Review 2025Paper
European democracy support strategy in 2025 prioritized protecting democratic norms within Europe. This signals the start of a structural recalibration of the EU’s approach to democracy support.
- +6
Richard Youngs, ed., Elena Viudes Egea, Zselyke Csaky, …
- Taking the Pulse: Can the EU Attract Foreign Investment and Reduce Dependencies?Commentary
EU member states clash over how to boost the union’s competitiveness: Some want to favor European industries in public procurement, while others worry this could deter foreign investment. So, can the EU simultaneously attract global capital and reduce dependencies?
Rym Momtaz, ed.
- Europe Falls Behind in the South Caucasus Connectivity RaceCommentary
The EU lacks leadership and strategic planning in the South Caucasus, while the United States is leading the charge. To secure its geopolitical interests, Brussels must invest in new connectivity for the region.
Zaur Shiriyev
- The EU and India in TandemCommentary
As European leadership prepares for the sixteenth EU-India Summit, both sides must reckon with trade-offs in order to secure a mutually beneficial Free Trade Agreement.
Dinakar Peri
