British Prime Minister David Cameron once implored his fellow Conservative Party members to “stop banging on about Europe.” But that was back in 2006, when he was just running the party as its new leader. In a speech in January 2013, as his awkward coalition government with the pro-European Union Liberal Democrats was enacting unpopular austerity cuts at home, Cameron changed course. He promised that, if re-elected, he would renegotiate the fundamental terms of the United Kingdom’s EU membership and put the result up for an in-or-out referendum to be held by the end of 2017. Since all opinion polls […]
Western Europe Archive
Free Newsletter
AMSTERDAM—Like much of Europe, the Dutch have been keeping a close eye on developments in Greece. As negotiators continue to meet in efforts to hammer out a deal that would avert a Greek default, experts warn that the consequences of failing to reach an agreement would range from very painful to catastrophic. Here in the Netherlands, the subject occupies private conversations, occasional streets protests and countless headlines. And yet, the dilemma of how or whether to give another lifeline to Greece is only a prelude to a more far-reaching and divisive political battle looming ahead. If Greece defaults and ultimately […]
Another round of bailout talks today between Greece and its creditors, the so-called troika of the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF), ended without a deal. Next Tuesday Greece is scheduled to make a $1.8 billion loan repayment to the IMF at the same time its bailout program is due to expire. If there is no agreement, an additional $8.1 billion in bailout funds will remain frozen; Greece will default on its loans; and the country could be forced to leave the eurozone. European finance ministers are scheduled to reconvene Saturday for a […]
At last week’s St. Petersburg International Economic Forum hosted by Russian President Vladimir Putin, Russian and Greek officials negotiated a framework agreement for Greece’s participation in the Turkish Stream gas pipeline that, if realized, will transport Russian gas via the Black Sea and Turkey to European markets. The deal comes just a year after the European Union adopted a comprehensive strategy to enhance its energy security, with a key objective being to reduce the EU’s dependence on Russian energy sources. However, if the Russia-Greece deal and other developments of the past year are any indication, this campaign could take decades […]
In the winter of 2013, then-Italian Prime Minister Enrico Letta came out of a meeting with U.S. President Barack Obama with the idea that the United States, too busy with other issues, had delegated the solution of the turmoil in Libya to Italy. This perception soon percolated into both the foreign policy and the defense establishments in Rome: Libya was now important not just because of geography and longstanding ties, but also because it was one of the few areas of the world in which the rest of the West would look to Italy for a solution. Yet two years […]
With all eyes on Greece, especially after the International Monetary Fund (IMF) walked away from debt negotiations last week, bringing Athens that much closer to default, it is easy to miss that last week also marked the one-year anniversary of Portugal completing its bailout program. Portugal isn’t in the clear just yet: Its employment rate increased to 13.7 percent last month and debt to GDP ratio is 129 percent. But its economic situation has stabilized, and the government is repaying its debts on time, if not early. Portugal signed its 78 billion euro economic adjustment program with the so-called troika […]
Over the weekend, The New York Times reported that the United States is seriously considering stationing hundreds of American troops, along with heavy weaponry, in the three Baltic states—Estonia, Latvia and Lithuania. The Baltics, all of which are former Soviet republics bordering Russia as well as members of the European Union and NATO, have found themselves in an increasingly vulnerable position since Russia began intervening militarily in Ukraine last year. All three are home to large Russian-speaking minorities, whose controversial status could serve as justification for a Russian attack. In recent months, NATO and Russia have been staging military drills […]
Tourism and travel are usually seen as what people do when taking time off from real life. An industry built on beach resorts and ski chalets, bus tours of the Eiffel Tower and African safaris doesn’t seem to rise to the same level of concern as burst oil pipelines or illegal logging in the Amazon. Yet considered as an industry, global travel and tourism is the world’s largest employer; would rank as the fifth-largest carbon emitter if it were a country; is second only to energy as the favored strategy for developing nations trying to rise out of poverty; is […]
The plight of migrants and refugees has made headlines around the world in recent months. Despite the globalized economy, governments remain stubborn about the movement of human beings across national borders. This report covers ongoing migration crises from the Mediterranean to Africa to Southeast Asia. For the next two weeks, all of the articles linked below are free for non-subscribers. Europe: Thousands of African and Middle Eastern migrants fleeing to Europe in unsafe boats have drowned in the Mediterranean in high-profile incidents this year. The European Union has drawn much criticism for its inability to prevent these tragedies. Not the […]