This just in: a policy paper I helped write has earned an Honorable Mention in the Young Writers Award of the Brussels Forum, organized by the German Marshall Fund. The competition included over 80 other papers.
Co-created with EU affairs professional Christofer Berg, the paper, titled "Rethinking Transatlanticism: Toward a New Transatlantic Narrative," offers a set of policy objectives to address the opportunities (and risks) of tomorrow's transatlantic agenda.
I'll spare you the details, but here is the rough sketch of the piece's content and message:
"When Harry Met Sally: A Policy Partnership with Great Promise"
"Gone with the Wind: How Cooperation Risks Being Undermined"
"Back to the Future: Creating a Common Narrative for Transatlanticism"
"The Magnificent Seven: Concrete Actions to Renew the Transatlantic Narrative"
This last section offers seven bullet-style policy recommendations for the furtherance of a new and enhanced transatlantic narrative to carry a like-minded West into the 21st century. They are:
" - Encourage the transatlantic media landscape"
" - Avoid speaking to Americans and Europeans as though they were from different planets, along 'Mars vs. Venus' lines"
" - Ride the wave of new technology by embracing social networks like Facebook and Twitter"
" - Create a story for a “modern transatlanticism” through rhetoric"
" - Lift up people that can be the ‘faces of transatlanticism' "
" - Bring people together" through exchange programs, young leaders conferences, etc.
" - Connect the dots. Show that how we cooperate on trade, defense, and diplomacy is part of a wider common vision"
So, happy reading. The full paper is available here.
Monday, February 17, 2014
Saturday, February 1, 2014
TTIP: Cautious optimism despite resistance in Congress
My latest op-ed goes over some of the politicking around the Transatlantic Trade and Investment Partnership, or TTIP, which could provide a historical boost to the economic ties that bind the U.S. and Europe.
But that's only if TTIP passes. President Obama spent some time on the trade agenda in this week's State of the Union address. Yet the very next day, leaders of his own party, including Harry Reid, the House of Representatives' Majority Leader, came out against it. The op-ed's subtitle (which I did not write) points the finger at conservative Members of Congress and thought leaders, but many in the Democratic party have opposed the bill on grounds that it will threaten labor and environmental interests, among other concerns.
What's at stake is an intermediary piece of legislation whose passage would open the doors of opportunity for TTIP, as well as for a U.S.-Asian trade deal that is also in the works. Called the Trade Promotion Authority, or "Fast Track" for short, the new framework would guarantee expedient passage so that TTIP could move more easily through Congress. The problem is, more expedient means no amending the bill. Some American lawmakers are loath to grant this kind of carte blanche to Fast Track, while if they don't, Europeans will not likely negotiate in good faith. And why would they? If anything they agree might be subject to change by Washington, wouldn't you hedge your bets, too?
Here are a few of the reasons I see a mandate for cautious optimism in forthcoming TTIP processes on the U.S. side:
Here's hoping.
But that's only if TTIP passes. President Obama spent some time on the trade agenda in this week's State of the Union address. Yet the very next day, leaders of his own party, including Harry Reid, the House of Representatives' Majority Leader, came out against it. The op-ed's subtitle (which I did not write) points the finger at conservative Members of Congress and thought leaders, but many in the Democratic party have opposed the bill on grounds that it will threaten labor and environmental interests, among other concerns.
What's at stake is an intermediary piece of legislation whose passage would open the doors of opportunity for TTIP, as well as for a U.S.-Asian trade deal that is also in the works. Called the Trade Promotion Authority, or "Fast Track" for short, the new framework would guarantee expedient passage so that TTIP could move more easily through Congress. The problem is, more expedient means no amending the bill. Some American lawmakers are loath to grant this kind of carte blanche to Fast Track, while if they don't, Europeans will not likely negotiate in good faith. And why would they? If anything they agree might be subject to change by Washington, wouldn't you hedge your bets, too?
Here are a few of the reasons I see a mandate for cautious optimism in forthcoming TTIP processes on the U.S. side:
"Hailed by some as potentially the largest trade agreement in history, TTIP would reduce trade barriers by enacting a non-tariff paradigm in which myriad public- and private-sector players could spur growth, create jobs, and do business in markets previously inaccessible.
"TTIP’s promises have not won all hearts, however. Detractors see the deal as a menace to their own interests, even to national sovereignty. TTIP could also fail on purely procedural grounds: given recent resistance to legislation on the “Fast Track” Trade Promotion Authority (TPA) framework, the US Congress inspires only mild confidence....
"Strategically, the potential benefit is just as strong: TTIP would establish a Western-oriented economic system of consequence, push the fallout of the 2008 financial crisis decisively into the past and provide the most unified transatlantic response to global competition in decades.
"Yet, detractors pose significant obstacles to the deal’s passage. TTIP’s opponents hail from a broad spectrum of interest groups and experts, some of whom warn against any compromise of national sovereignty.
"Instead, organizations like the Heritage Foundation vouch for “mutual recognition rather than regulatory harmonization,” which would rule out the possibility of a “transatlantic managed market” seen as detrimental to US economic and political autonomy. Likewise, advocates for labor unions, farm subsidies and intellectual property stipulations have each expressed reservations that threaten a comprehensive transatlantic trade program.
"Hurdles in the US Congress could also pose challenges, which means international-level concerns may be moot if the United States fails to rally consensus at home. A bipartisan group in the US House of Representatives has voiced opposition to new TPA legislation, saying they are not being consulted adequately on the negotiations underway, and that a new TPA might deny Congress its constitutional right to review trade agreements.
"In December 2013, 194 House members from the same group signed a letter to President Obama expressing their view that “Fast Track is simply not appropriate for 21st century agreements and must be replaced.” If the number of members of Congress opposed to TTIP should grow, odds for the deal’s passage will shrink proportionally."
Here's hoping.
Thursday, January 23, 2014
Sweet EU Data Viz in Spanish? No Problemo
I've just discovered GeografiaInfinita.com, a pretty sweet place to window-shop for data visualization and maps, like the one below on youth unemployment. Light blue equals jobs, and dark blue equals fewer jobs. And who cares if the site is in Spanish? Looks like site founder Gonzalo Prieto is on to something universal.
This page features "Twelve Maps to Better Understand the European Union." (At least, that's what I think it says.)
Also check out the 25 or so most connected Twitter users among global foreign affairs leaders, within and beyond the EU. This map is on Prieto's site, but it originally came from Burson Marsteller's Twiplomacy practice.
This page features "Twelve Maps to Better Understand the European Union." (At least, that's what I think it says.)
Also check out the 25 or so most connected Twitter users among global foreign affairs leaders, within and beyond the EU. This map is on Prieto's site, but it originally came from Burson Marsteller's Twiplomacy practice.
Monday, January 20, 2014
U.S. to the EU: Here's Looking at You, Kid
Just a few comparisons between the Old and New Worlds: on quality of universities (apparently, OneEurope thinks U.S. schools are way better than European ones), and an uber-general piece from CafeBabel, "What Do Americans Think About Europe?" Despite its gaping generality, it does feature this sort-of redeeming map of U.S. stereotypes of Europe.
EU's "Public Sphere" is Taking Shape
In spite of everything, Europe may be gelling, after all.
Nosemonkey has suggested that the EU may be developing a public sphere, solidifying a pan-European public opinion, even after events like the euro crisis, global financial tumult, and the rise of euroskeptic parties across Europe threaten to shake the still-fresh institutions trying to establish a robust European project.
The blog's creator, James Clive-Matthews, defends the right of euroskeptics to freely speak their minds against the European Union's advances -- and all that, as a part of the European marketplace of ideas, through which engagement from ordinary citizens is essential. Even, it turns out, if those who count among the most engaged are those most opposed to the project's advancement. What an ironic picture of civic duty.
Hats off to you, then, Nosemonkey -- and to the euroskeptics who prove the vibrancy of the democratic ideal playing out through the passionate discussions to which they contribute.
This post maps the growing EU public sphere in digital form -- thanks, Tony Lockett.
Nosemonkey has suggested that the EU may be developing a public sphere, solidifying a pan-European public opinion, even after events like the euro crisis, global financial tumult, and the rise of euroskeptic parties across Europe threaten to shake the still-fresh institutions trying to establish a robust European project.
The blog's creator, James Clive-Matthews, defends the right of euroskeptics to freely speak their minds against the European Union's advances -- and all that, as a part of the European marketplace of ideas, through which engagement from ordinary citizens is essential. Even, it turns out, if those who count among the most engaged are those most opposed to the project's advancement. What an ironic picture of civic duty.
Hats off to you, then, Nosemonkey -- and to the euroskeptics who prove the vibrancy of the democratic ideal playing out through the passionate discussions to which they contribute.
This post maps the growing EU public sphere in digital form -- thanks, Tony Lockett.
Monday, October 7, 2013
Bright and Dim Spots on Europe's Periphery
The last week has been marked by some good, some bad, and some downright absurd news items in the European enlargement and foreign policy dossiers.
The Economist described Vladimir Putin as deserving "the highest medal of Ukraine," in a claim that the Russian leader has done more to rally the Ukrainian political elite toward a westward outlook than any other figure.
Radek Sikorski, the prime minister of Poland, agrees. "“Ukraine is on the final lap, and it must double its efforts and finish off the job…we’ve done it, so can you,” he said in a conference at Yalta recently. The historical poignancy of that statement, made in the same city that witnessed the 1945 decision to carve up much of the European continent, was likely lost on no one there.
The EUObserver cited Mr. Sikorski last week as a potential next-in-line for Catherine Ashton's job as EU foreign policy chief.
Ukraine's westward shift seems not a moment too soon: Russia has been exerting pressure on its former satellites to join its economic union, along with Bulgaria and Moldova. Armenia has already caved, with recent announcements confirming it will look to Moscow for energy support.
So, a little good, a little bad. The absurd comes from the government of Italy, newly entrusted to Prime Minister Enrico Letta awarded citizenship posthumously to some of the African migrants who died in the capsizing of their boat near Lampedusa. The survivors, meanwhile, still hold illegal status.
The world's strivers hoping to migrate to Europe must be wondering, on the road to a better life and European-style prosperity, do they have to die to earn it?
The Economist described Vladimir Putin as deserving "the highest medal of Ukraine," in a claim that the Russian leader has done more to rally the Ukrainian political elite toward a westward outlook than any other figure.
Radek Sikorski, the prime minister of Poland, agrees. "“Ukraine is on the final lap, and it must double its efforts and finish off the job…we’ve done it, so can you,” he said in a conference at Yalta recently. The historical poignancy of that statement, made in the same city that witnessed the 1945 decision to carve up much of the European continent, was likely lost on no one there.
The EUObserver cited Mr. Sikorski last week as a potential next-in-line for Catherine Ashton's job as EU foreign policy chief.
Ukraine's westward shift seems not a moment too soon: Russia has been exerting pressure on its former satellites to join its economic union, along with Bulgaria and Moldova. Armenia has already caved, with recent announcements confirming it will look to Moscow for energy support.
So, a little good, a little bad. The absurd comes from the government of Italy, newly entrusted to Prime Minister Enrico Letta awarded citizenship posthumously to some of the African migrants who died in the capsizing of their boat near Lampedusa. The survivors, meanwhile, still hold illegal status.
The world's strivers hoping to migrate to Europe must be wondering, on the road to a better life and European-style prosperity, do they have to die to earn it?
Saturday, September 14, 2013
Back to Bipolar: Syria Dominated by American, Russian Positions
The frenzy of diplomatic and media activity around the August 21 chemical weapons attack in Syria has produced two, and only two, approaches. The Russians have opposed the idea of airstrikes, which until this week was President Obama's frontrunning policy option. Global opinion has largely opposed it, while John Kerry's off-the-cuff remark about orchestrating a chemical weapons seizure has now become the U.S. administration's official goal in the matter.
Prior to this week's about-face from the State Department and the White House, EurAmerican was intrigued to see just how bipolar the world seemed on the Syrian dossier. Observers from California to Caracas were forced to make a choice between the two positions set by the U.S. and Russia. The American position, initially for what Sec. Kerry dubbed an "unbelievably small" aerial intervention, brought to mind the mistakes of the Iraq War. President Obama tried, with little success, to assuage the fears of the American public and anti-airstrike partisans worldwide. President Vladimir Putin led an obstructionist charge from the UN Security Council, providing an alternative an cynical option to let the bloodshed in Syria continue.
What were the world's other options? Were there other options, floated by the European Union, China, the BRICS? If there were any, they didn't penetrate the international media space, and they haven't stuck to the wall since.
The world may be less bipolar than during the Cold War, but judging by the last several weeks, few other powers edged in to provide a third way through the diplomatic gridlock. Action is needed urgently. What hangs in the balance is a swelling refugee crisis in every one of Syria's neighbor countries, as well as the credibility of national administrations in the U.S., Europe, and international organizations like the UN. And that doesn't mention the justice owed to the 110,000 Syrians killed so far.
EurAmerican agrees.
Prior to this week's about-face from the State Department and the White House, EurAmerican was intrigued to see just how bipolar the world seemed on the Syrian dossier. Observers from California to Caracas were forced to make a choice between the two positions set by the U.S. and Russia. The American position, initially for what Sec. Kerry dubbed an "unbelievably small" aerial intervention, brought to mind the mistakes of the Iraq War. President Obama tried, with little success, to assuage the fears of the American public and anti-airstrike partisans worldwide. President Vladimir Putin led an obstructionist charge from the UN Security Council, providing an alternative an cynical option to let the bloodshed in Syria continue.
What were the world's other options? Were there other options, floated by the European Union, China, the BRICS? If there were any, they didn't penetrate the international media space, and they haven't stuck to the wall since.
The world may be less bipolar than during the Cold War, but judging by the last several weeks, few other powers edged in to provide a third way through the diplomatic gridlock. Action is needed urgently. What hangs in the balance is a swelling refugee crisis in every one of Syria's neighbor countries, as well as the credibility of national administrations in the U.S., Europe, and international organizations like the UN. And that doesn't mention the justice owed to the 110,000 Syrians killed so far.
*
The Wall Street Journal published this morning a menu of opinions from thought leaders on the Syria crisis. The one bearing the sharpest tone came from Josef Joffe, a Europe specialist at the Hoover Institution. He makes the case for continuing a vigorous exercise of American power abroad, especially as it concerns the comparative reticence of the next-most powerful Western forces to curb bloodshed in places like Syria. Mr. Joffe makes historical and modern connections to Europe that bear repeating:
"In Europe, Clausewitz is either dying (Britain and France) or dead (Germany and the rest). Recall the famous counsel of the Prussian general: "War is the continuation of policy with other means"—that is, with force.
"Germany, the loser of two world wars, cut this seamless web in 1945, followed by all those former warrior nations from Spain to Sweden. Force as tool of statecraft? Heaven forfend! Europe shall be an "empire of peace." Britain and France, ex-imperial powers both, are going down the same road. David Cameron was trashed by Parliament when he asked for a war resolution on Syria. France's François Hollande would suffer the same fate if he went to the National Assembly.
"In his heart, Mr. Obama also would like to ditch Clausewitz, as he signaled in his Tuesday speech. He would like to turn the U.S. into an XXL medium-power. He wants to unshoulder the burden of global leadership and to drag the U.S. out of harm's way. As in Europe, his priority is welfare rather than warfare—"nation-building at home." If it has to be force, it must be on the cheap—"limited" and "narrow." Mr. Obama is probably as grateful as Mr. Assad for the reprieve cooked up by the Russians, who want to save the despot at all cost. Ms. Merkel and Messrs. Cameron and Hollande are delighted as well. There is now no shame in hanging back.
"There is just one problem, and it is bigger than to strike or not. Or to extract well-hidden chemical weapons from a war zone the size of Oklahoma. The U.S. is not an XXL medium-power but the housekeeper of the world. If it outsources the job, there is nobody else—not Europe, Russia or China. And the vandals are watching."
EurAmerican agrees.
Monday, April 1, 2013
Russia and Religion
... After a year without posting, EurAmerican is back. I thought I'd share a pair of interesting posts on religious news in Russia.
The Cossacks are again inspiring awe, fear, and obedience to the law in southwestern Russia. Are they pushing to far, as some are calling for ethnic "filters" against Muslims and other ethnic minorities? A great photo diary that accompanies this piece, both courtesy of the New York Times.
The Economist reports on religious freedom in the former Soviet Union, where hopes for greater religious toleration in a post-Communist era have dimmed. The Orthodox church enjoys only 2 to 3 percent of regular attendance by the Russian populace, says reporter and author Geraldine Fagan.
The Cossacks are again inspiring awe, fear, and obedience to the law in southwestern Russia. Are they pushing to far, as some are calling for ethnic "filters" against Muslims and other ethnic minorities? A great photo diary that accompanies this piece, both courtesy of the New York Times.
The Economist reports on religious freedom in the former Soviet Union, where hopes for greater religious toleration in a post-Communist era have dimmed. The Orthodox church enjoys only 2 to 3 percent of regular attendance by the Russian populace, says reporter and author Geraldine Fagan.
Friday, March 2, 2012
Serbia becomes newest EU candidate
The EU has named Serbia its most recent candidate for membership, France24 reports. In a summit in Brussels on March 2, EU Council President Herman Van Rompuy called the step "a remarkable achievement."
Now will come the real work, according to many observers, which will involve stubborn disagreements on the country's relationship with Kosovo, and over lingering feelings from the international community toward Serbia. The new candidate was largely seen as a pariah state, responsible for much of the bloodshed in the Balkan region throughout the 1990s.
“The EU is gradually dismantling the Balkans-shaped bomb lying right
next to it,” said Daniel Korski, a senior-level analyst at the
European Council on Foreign Relations in London.
Now for a tone change: check out my story on a day spent in Belgrade, the Serbian capital, published this week on the travel website Ethnotraveler.com. Here's an excerpt:
"Petar poured juice into two green glasses and sat down across from me on the couch. I worked up the nerve to ask him about the wars of the 1990s, whether Serbia’s bloody past was having any bearing on his life now.
“It has a daily effect,” Petar said. “I still think about it all the time. Everyone does. Time has passed, my generation is now working and starting families, but it’s part of our lives, as if it were still happening. Now, for example, when I have money, I ask myself, ‘Should I buy groceries? Should I save it? Or can I buy this television, this computer program, get my car fixed?’ This type of thinking comes from war.”
He said it made no sense to brood over the past. “Sadness turns to anger,” he continued, “and anger ruins your life.”
I couldn’t believe his candor, his eloquence. I wanted to express my gratitude but just then his cell phone beeped. It was a text message from his girlfriend. “She wants to meet you,” he said. “I have an idea.”
Petar told me to shower and take some medicine for my stomach. In the meanwhile he made sandwiches. He called his girlfriend back and made arrangements for us to pick her up.
Before we headed out the door, he turned to me. “One other thing about the future,” he said, “about this after-war life we’re living here. We Serbians, we have this crazy will, this crazy will, and when we want to do something, no matter how long it takes or how hard it is we do it. Look at Novak Djokovic.”
“The tennis player?”
“Twenty-one years old and top three in the world,” he said. “No fancy facilities, no amazing coach, just that crazy Serbian will. Know that. That’s Serbia too.”
Did you like this story? Hate it? Let me know in the comments section. Watch this space for more excerpts from this story and others.
Tuesday, January 31, 2012
Youth unemployment exceeds 30 percent in eight member states
Whoa!
Nothing to add here, just a title I thought was as worthy of sharing as it is frightening. From EUobserver:
"Youth unemployment rates surpass 30 percent in Greece, Ireland, Latvia, Lithuania, Italy, Portugal, Slovakia and Spain, the European Commission said on Tuesday (31 January). Eurostat figures show that in December 2011, the youth unemployment rate was 22.1 percent in the EU27 up from 21.0 percent in 2010."
Monday, January 30, 2012
Merkel to Go to Bat for Sarkozy Campaign?
From this morning's France24:
"Sarkozy’s German-inspired reforms are likely to please Chancellor Angela Merkel, who is believed to have offered to lend her support to Sarkozy’s re-election bid.
Merkel and Sarkozy were nicknamed ‘Merkozy’ for their close relationship and joint efforts to tackle the Eurozone crisis.
FRANCE 24’s International Affairs Editor Douglas Herbert said: “I think he is very happy to have Merkel’s support but it works both ways.”
“Sarkozy is someone she thinks she can trust to keep Europe on the right path.”
A "Budget Commissioner" for Greece?
This just in from the Wall Street Journal: Germany's Wolfgang Schauble is part of a group involved with the resolution of the Euro crisis that suggests the EU appoint a "budget commissioner" for Greece. The effort would aim to secure trustworthiness--and, ultimately, a way out--for the seemingly never-ending circles made around finally coming to a eurozone currency crisis fix. From the article:
"Europe is "prepared to support Greece" with the new loan package, Mr. Schäuble said, but he warned: "Unless Greece implements the necessary decisions and doesn't just announce them…there's no amount of money that can solve the problem."
The remarks came as German officials last week floated the radical idea of appointing a European "budget commissioner" with veto powers over Greece's spending, partially suspending Greece's national sovereignty over its budget, in return for aid."
Saturday, January 28, 2012
Graphic: How the EU Gets and Spends Its Money
More great infographics from the Guardian. See "Where does the European Union get its money from – and how does it spend it?", part of the newspaper's new "Europa" venture with several other leading European dailies.
Megacities
... And we're back! EurAmerican has been dormant these last few, but here's something I couldn't help but share. "The Rise of the Megacities" is a new study published by the Guardian, detailing global trends on cities and the signs that urban life will be the prevailing mode of living for the 21st century. Article here, zoomable graphic here.
Also check out the online newspaper I'm involved with, the European Daily, whose "Abroad" page features my latest editorial wizardry. Enjoy!
Saturday, October 29, 2011
Repeat and Recycle: Is Romney Giving Neocons a "Second Chance?"
![]() | ||||||
| GOP presidential candidate Mitt Romney. |
Most controversial is the preponderance of George W. Bush administration veterans that comprise the list, including marquee names such as Michael Chertoff, Eliot Cohen, and Robert Kagan, to list just three.
Liberal US commentator Rachel Maddow titled her response as: "Romney Gives Bush Neocons A Second Chance," but Joerg Wolf, the Atlantic Review's author, is less excited by the news, re-quoting Washington think tanker James Joyner who said of the announcement, "like Romney himself, it's not particularly exciting. Nor, thankfully, is it frightening."
Wolf concludes with this, highlighting the figures responsible for the Europe dossier:
"Nile Gardiner from Heritage is co-chair for Europe. The other co-chair is Kristen Silverberg, Chief Operating Officer at Vorbeck Materials; Ambassador to the European Union (2008-2009). I wish he would have advisors with a bit more experience. I can think of a few such think tankers in Washington.
"What do you think? To whom should the Republican presidential candidates turn to for advice on Europe, or on foreign policy in general? Which think tankers or former officials would make the best national security and foreign policy advisors for a Republican president?"
EurAmerican has kind of a thing for neoconservatism, in a hot-and-cold, critical-distance sort of way. See past post include the one here.
As on the Atlantic Review site, comments are welcome here.
Euro Summit: Chinese Help and Italian Trouble
The Economist just published this post on the element of this week's eurozone summit that would involve Chinese cash as a part of the currency zone's recapitalization plan. Ever instructive, the article lays out the China factor in some of the magazine's trademark economics-in-layman's-terms. I didn't know, for example, that the EU is China's biggest trading partner. Given all the hub-bub stateside, wouldn't most Americans assume that position was enjoyed (or maligned) by the United States?
Yet the piece's author makes an effort to signal that the appeal for Chinese cash is neither revolutionary nor a particularly important change in the status quo. He takes a longer-term view on the EU-Chinese relationship, which of course bears direct influence on the American role between the two.
"Grand political bargains between China and Europe—money in return for more representation at the IMF, or market-economy status—seem wildly improbable. These prizes will eventually come anyway; and weak though parts of Europe are, the EU cannot be seen to trade them too nakedly. Bargaining of this sort would also require both parties to change their positions markedly. China is keen not to be seen as a source of “dumb money”, but requiring big political concessions in return for cash is a pretty clear signal that this is not a commercially attractive investment. As for the euro zone, it can hardly claim that senior Spanish and Italian debt is now safe for institutional investors if it has to horse-trade too hard to get China on board."
And further along the pessimism spectrum is the Wall Street Journal, which, true to form, has expressed typical euro-skepticism on the summit's results and bemoaned the plan's lack of detail and the risks that remain for U.S. companies and stakeholders. Though the European Financial Stability Facility will "backstop" troubled eurozone countries against default, the paper says, this week's decisions fall short of the muscular moves called for by experts and do relatively little to stem fears of a backslide toward recession in Europe and worldwide.
Both articles signal the lingering dangers of the tenuous Italian situation, where fractious politics in Silvio Berlusconi's government has dimmed hopes for any kind of meaningful action against the euro's woes. Italy is heavily in debt and, as the third-largest economy on the euro, its future determines that of a host of other dependent nations both in and outside the monetary bloc.
Courtesy of the Wall Street Journal and ICAP
Though the chart refers to Italy only, its title -- "Brief Relief" -- sounds just as appropriate for the whole of the eurozone for the many observers that continue to be concerned about the currency's immediate and middle-term prospects.
Saturday, October 8, 2011
Update: European Daily
All apologies for a lapse in activity at EurAmerican. Just a heads-up, I'll be contributing to the European citizen newspaper European Daily, specifically to the "Abroad" section, on a regular basis. You can check out my work for the Sunday page here.
Monday, August 29, 2011
Mixed Feelings on Mid-Crisis EU
Behind the euro crisis is a crisis of confidence, felt differently but to similarly intense degrees throughout the Continent.
Northern countries have been feeling taken advantage of, with the common refrain echoing a feeling that the southern EU countries have spent with abandon the considerable benefits received from their neighbors. But "the feeling is mutual," reports Global Post, and in the case of Spain, many feel they have exchanged cash for compromised protections of rights, crisis-time mismanagement, sacrifice of national sovereignty, and kowtowing by Prime Minister Jose Luis Rodriguez Zapatero toward demanding eurocrats in Brussels.
Nobel laureate Robert Mundell said on August 26, "I don't think the euro is on the verge of collapsing."
Alan Greenspan, the former head of the US Federal Reserve, said on August 24, "The euro is breaking down."
Eschewing with the "United States of Europe" idea, Romanian Mircea Cărtărescu favors a union centered around the "European mind" and a federation "not solely focused on the issue of economic survival." He says:
"Present-day Europe relates to the United States as Athens once did to ancient Rome. And although at one point Athens sought to emulate Rome, I can see no reason why modern Europe should seek to emulate the United States."
German ex-foreign minister Joschka Fischer counters that "we need to work toward the United States of Europe now."
In Estonia, a slightly but definitely more optimistic note can be heard in the public opinion of the country's lot as it relates to the EU, again reported by Global Post. Says Swedish Prime Minister, Carl Bildt,
“I remember the days when the counters of the shops in Tallinn were empty and the people were starving. The economy more or less had to be rebuilt from scratch... If you had asked people on Aug. 20, 1991 whether in 20 years “Estonia, Latvia and Lithuania would be seen as economic success stories in Europe, would be full members of NATO, full members of the European Union,” Bildt asked, “if anyone had said yes, that person would have been seen as a fairly likely candidate for lunacy.”
But such a public, party-line voice is bound to be tempered by ordinary citizens, in this case from Tallinn, the Estonian capital:
"Nineteen-year-old Katrina Ulbeerte, bopping along with her younger sister, laughs when asked what she knew about Soviet times before she was born. In American slang, she said her parents have told her that life then was difficult. “They told about special lessons about, like, communists and, like, all kinds of military stuff. I’m happy I don’t have to go work in a factory!”
"But 55-year-old Ieva Inauska, who couldn’t speak English but conveyed her thoughts quite clearly in broken German and hand gestures, doesn’t see much of a change. “Soviet Union? Bah. European Union? Bah. The European Union bureaucracy is even bigger than the Soviet Union’s!” And, she indicated, she preferred the latter."
Friday, August 19, 2011
EU, Texas Economics: Language, Money, Mobility
The Wall Street Journal compares, of all things, EU economics to Texan ones:
"Arguably, the heart of the euro zone's problem isn't a matter of culture or governance or remaining barriers to trade in goods. Rather, it's the huge hurdle that has always existed: Europe's multiplicity of languages. The fact that few Greeks or Portuguese have enough German to take on professional or even semi-skilled jobs in Germany removes the sort of safety valve that properly integrated federations rely on.
A case in point is the Texan economic miracle, the subject of considerable debate in the U.S. right now. Texan politicians make strong claims for the state's performance relative to the rest of the U.S. during the recovery. Doubters point to the fact that Texan unemployment remains high.
But a close reading of the data by Matthias Shapiro on his Political Math blog highlights something very interesting. Texan unemployment belies the strength of the state's economy because it has had considerable population growth during the past couple of years. Texas's strong employment growth has inspired people to flock to the state—so much so that the actual proportion out of work hasn't come down as fast as it might have done otherwise.
Since the start of the recession in December 2007, Texas's labor force has grown by 6%, astonishingly quickly for such a large state—more than twice as fast as the next-fastest state. When people are hit by hard economic times in one part of the U.S., they pack their bags and move to where the jobs are. The same doesn't happen in Europe.
For instance, the economically active population in Germany, Europe's economic powerhouse, has shrunk by about half a percentage point during the same time Texas has boomed. This is why Germany's unemployment rate has fallen much faster than that of Texas even as unemployment remains at stratospheric levels in countries like Spain.
Even in the years before the financial crisis, immigration to Germany from other European Union countries was equivalent to only about 0.4% of Germany's population, and most of that in the form of cheap labor from neighboring Poland.
Because it's harder for people from poorer euro-zone countries to move to the core, where there are jobs, fiscal transfers are crucial to address imbalances between the economies. But there's currently very little scope for these in Europe. EU spending as a percentage of GDP is less than a tenth of the U.S. federal government's.
Thursday, August 18, 2011
Consummate Citizens: Turks Defend Turf in London Riots
Thought I'd break the silence with my first post in way-too-long with this unusual piece on Turkish shopowners taking matters into their own hands during the London riots.
Al-Jazeera reports a groundswell of local action against the looting and lawlessness currently plaguing London. With PM David Cameron pondering curfews and many in Europe wondering whether the unrest will spread to the Continent -- endemic of the same recession-related problems of unemployment and ever-tighter strains from austerity -- in the coming days.
Interviewees expressed a surprising common theme of pro-Turkish sentiment, specifically concerning the question of the integration of Turkish-descended European citizens and, by extension, Turkey's accession into the European Union. The best bits of the Al-Jazeera piece are below.
"Our local shopkeeper refused to close. He said 'we are Turkish' as explanation," said one post. Another added: "Reports of heroic scenes on Dalston High Street. Turkish families lining the streets to oppose riots. What great Londoners."
Another, along similar lines, read: "Upper Dalston looks busier than a Saturday night with all the Turks on patrol! Thanks for Keeping Dalston safe!" followed by: "Who needs riot police when you’ve got Turkish shop owners."
One posting characterised the showdown between the Turkish restaurateurs and their masked adversaries as "baklavas versus balaclavas," while another summed up prevailing sentiments with "Say what you will about letting Turkey getting in the EU, they’re there when we need them."
Perhaps extrapolating the policing skills of London's Turks somewhat implausibly to the level of international diplomacy, one post mused: "If only Turkey can bring to Syria in the next few days what they've brought to Dalston and London in the last few."
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