Germany

    • Multimedia

    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.

    • Commentary

    Europe Bought Time and Not Much Else

    Europe’s massive rescue package has bought time for its most troubled economies, but, unless these countries move forward with necessary—and deeply unpopular—reforms, the newly available money will do little to save them.

    • Research

    Can Spain Overcome the Aegean Flu?

    Whether or not Spain can overcome the challenges it now faces—which stem from the same source as those in Greece—depends on how quickly and forcefully the government responds.

    • Commentary

    A Three-Point Plan to Save the Euro

    The emergency aid for Greece buys the Euro area some valuable time, but Europe will need to enact a credible plan that addresses the situations in both Greece and other vulnerable countries if the Euro area is to survive in the long-term.

    • Multimedia

    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.

    • Multimedia

    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.

    • Research

    The Utility of U.S. Tactical Nuclear Weapons in NATO: A European Perspective

    • Oliver Schmidt
    • April 27, 2010

    Militarily, the antiquated tactical U.S. nuclear weapons in Europe serve little to no purpose to NATO. But they remain a valuable bargaining chip and a strong symbol of U.S. security assurance to its European allies and partners.

    • Research

    Roma Locuta, Causa Finita? The Nuclear Posture Review and the Future of U.S. Nuclear Weapons in Europe

    • Lukasz Kulesa
    • April 27, 2010

    The U.S. Nuclear Posture Review offers a number of hints on how Washington might influence the future of NATO's nuclear policy.

    • Multimedia

    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.

    • Commentary

    Too Little, but Perhaps Not Too Late

    The plan recently announced by European leaders to support Greece leaves many questions unanswered, and markets will likely withhold judgment on the agreement until a more credible rescue package is developed.

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