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Slimming Down: The Pivot, Austerity, and the Path Ahead for Transatlantic Security

“If Article 5 beckons, the United States should and will be there.” Barry Pavel and Jeff Lightfoot of the Atlantic Council It goes beyond saying that this statement is one …

High Drama in the High Court? ESM and Fiscal Compact in Legal Limbo

For months, policymakers and public alike could only wait with bated breath for the U.S. Supreme Court’s decision on President Obama’s health care reform law. As they pondered and deliberated …

Prospects for National and Transatlantic Security under Austere Defense Spending

Looming on the horizon, January 1, 2013 and the beginning of sequestration’s effects are approaching closer and closer. A consequence of the Budget Control Act of 2011, budget sequestration is …

Housing Beyond Profit: A Comparison of U.S. and German Alternative Ownership Models

In recent years the shortcomings of both the market and of the state in providing decent housing for everyone has become particularly apparent. On the one hand housing, until recently …

Spain, Italy, Germany Come to Deal after Euro Summit

Signaling a new direction in Europe’s efforts to stem the sovereign debt crisis, Germany, Spain, Italy, and other euro zone member states reached a deal to recapitalize Spanish banks with …

Europe’s Tightening Window of Opportunity

Joining the growing number of high profile warnings on the future of the European and world economies, World Bank researchers gravely take note of the euro zone’s eroding gross domestic …

Romney Electioneering Abroad at Odds with Trending Approach in Europe

Determining the economic policy approach of the United States for the next four years, Americans have the opportunity in November to remain with President Barack Obama or switch to Republican …

Credit Ratings for Seven German Banks Downgraded

On Wednesday, the international agency Moody’s downgraded the credit rating for seven German financial institutions. Commerzbank AG, Germany’s second largest bank, stands among the downgraded financial institutions. Some experts contend …

Volkswagen Outpaces Economic Forecasts While Southern European Car Sales Dwindle

This week, Volkswagen (VW) announced wage increases for over 100,000 workers in six of its plants in western Germany. Representatives of IG Metall and upper management of VW reached this …

Overcoming the Euro Crisis

The euro crisis has come to a preliminary halt following the two massive liquidity injections by the European Central Bank (ECB) in December 2011 and February 2012. However, these ECB interventions and the double haircut for private bondholders of Greek debt have not brought sustained stability. Moreover, the new Fiscal Compact adopted in December 2011 by twenty-five European Union (EU) countries is not a convincing remedy for the problems of the euro area. Indeed, the euro summit diplomacy of 2011-2012 has largely been inconsistent and the institutional limbo of the Economic and Monetary Union calls for broader reforms.