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2931. Self-Fulfilling Crises in the Eurozone: An Empirical Test

Author:
Paul De Grauwe and Yuemei Ji
Publication Date:
06-2012
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper tests the hypothesis that government bond markets in the eurozone are more fragile and more susceptible to self-fulfilling liquidity crises than in stand-alone countries. We find evidence that a significant part of the surge in the spreads of the PIGS countries (Portugal, Ireland, Greece and Spain) in the eurozone during 2010-11 was disconnected from underlying increases in the debt-to-GDP ratios and fiscal space variables, and was the result of negative self-fulfilling market sentiments that became very strong since the end of 2010. We argue that this can drive member countries of the eurozone into bad equilibria.
Topic:
Economics, Monetary Policy, and Financial Crisis
Political Geography:
Europe

2932. Russian Foreign Policy: What is not seen from the Kremlin

Author:
Andrey S. Makarychev, Larisa Deriglazova, and Oleg Reut
Publication Date:
06-2012
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
The rising generation of Russian foreign policy experts and commentators, especially outside Moscow, is increasingly sceptical about the key premises of Russian diplomacy and see more failures than achievements in Russia's relations with its closest partners, including the EU and neighbouring states. This is the conclusion that stems from a series of interviews and focus groups carried out with young Russian professionals about Russia's current foreign policies. The study reveals a strong cognitive dissonance between the official diplomatic discourse of the Kremlin and the perceptions of young experts who work in a variety of fields dealing with international cooperation either at a lower level of the state hierarchy or in different professional domains. This paper summarises the key findings of this project and discusses their practical implications.
Topic:
Foreign Policy and Diplomacy
Political Geography:
Russia, Europe, and Moscow

2933. A European Deposit Insurance and Resolution Fund

Author:
Daniel Gros and Dirk Schoenmaker
Publication Date:
06-2012
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
The eurozone is caught in a 'diabolical loop' in which weak domestic banking systems damage sovereign fiscal positions and conversely, in which risky sovereign positions disproportionately threaten domestic banking stability. A European-level banking system could go a long way towards breaking this unfortunate loop and stabilising the eurozone. This would require a European safety net for cross-border banks.
Topic:
Economics, Regional Cooperation, Monetary Policy, and Financial Crisis
Political Geography:
Europe

2934. Europeanising labour migration policies and pursuing national objectives

Author:
Katrine Borg Albertsen
Publication Date:
07-2012
Content Type:
Policy Brief
Institution:
Danish Institute for International Studies
Abstract:
The EU Blue Card scheme offers skilled labour migrants access to, and onward mobility within, the EU labour market. Due to its justice and home affairs opt-out Denmark is cut off from participation, and instead pursues national schemes for high-skilled labour migration. It is in the best interests of both Denmark and the EU to pursue fully integrated strategic goals aimed at producing a competitive joint policy on economic migration.
Topic:
Economics, Industrial Policy, Migration, and Labor Issues
Political Geography:
Europe

2935. Diaspora groups and development in fragile situations: Lessons learnt

Author:
Nauja Kleist and Ida Vammen
Publication Date:
07-2012
Content Type:
Working Paper
Institution:
Danish Institute for International Studies
Abstract:
Migrants send remittances three times worth official development aid to developing countries, reaching an estimated 325 USD Billion in 2012. Transnational migrant and diaspora organizations support social service, infrastructural and reconstruction projects – such as schools and hospitals – in their erstwhile home regions. Finally diaspora professionals contribute to reconstruction and development processes through temporary or long-term return. How can donors partner with them and support their contributions?
Topic:
Development, Migration, Foreign Aid, Immigration, Infrastructure, and Fragile/Failed State
Political Geography:
Europe

2936. The Big Three in EU Foreign Policy

Author:
Stefan Lehne
Publication Date:
07-2012
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
To an outside observer, Europe acts as a bloc with all 27 member states discussing issues and unanimously making decisions on foreign policy. But behind the scenes lies a tacit agreement that the largest member states with the most resources take the lead. Three of those states are in a category of their own: France, Germany, and the United Kingdom.
Topic:
International Relations, Foreign Policy, and Regional Cooperation
Political Geography:
United Kingdom, Europe, and Germany

2937. Simon Teune (ed.) The Transnational Condition: Protest dynamics in an entangled Europe (New York and Oxford: Berghahn Books, 2010)

Author:
Simon McMahon
Publication Date:
04-2012
Content Type:
Journal Article
Journal:
Central European University Political Science Journal
Institution:
Central European University
Abstract:
The Transnational Condition represents a valuable development of the academic literature on social movements and transnationalism. The objective of Simon Teune has been to "take protests in Europe as an example for the crosscutting relevance of transnational exchanges" (p. 2). Protest and activism act as a lens through which we are able to explore how local, national and global (or European) levels of social relations are shaped and integrated. Although the conceptualisation of 'transnationalism' as a set of "pluri-local relations of entanglement beyond national borders" (ibid.) initially seems somewhat vague and imprecise, the case studies that complete the edition clearly illustrate how a tighter definition of boundaries between these levels would fail to capture the fluid and dynamic nature of cross- border exchanges across them. In summary, the editor has brought together a range of texts that successfully "expands the depth of academic focus with reference to political processes on the European continent" (p. 12), whilst also presenting academics of social movements, European integration and communication studies with new avenues for investigation. The result is a collection of studies that does not only inform about the topic at hand, but offers analytical tools for the future development of the field.
Topic:
Communications
Political Geography:
Europe

2938. Iran-Europe Relations: A Diagnostic Analysis

Author:
Parvin Dadandish
Publication Date:
06-2012
Content Type:
Journal Article
Journal:
Iranian Review of Foreign Affairs
Institution:
Center for Strategic Research (CSR)
Abstract:
The Iran-Europe relations have always been marked with ups and downs. At some points, Iran viewed Europe as an actor replacing the US and tried to tab Europe's political and economical capacities. However, in the end, a number of developments impeded the way and held up rapprochement between the two sides. This paper tries to shed light on the developments in the relationship between Iran and Europe. Moreover, it identifies and analyses obstacles and factors, which impair the relationship. Finally, it proposes ways and means for improving it.
Topic:
Foreign Policy
Political Geography:
United States, Europe, and Iran

2939. Liminal Loyalties: Ottomanism and Palestinian Responses to the Turkish War of Independence, 1919 -22

Author:
Awad Halabi
Publication Date:
05-2012
Content Type:
Journal Article
Journal:
Journal of Palestine Studies
Institution:
Institute for Palestine Studies
Abstract:
The imposition of British rule in Palestine following World War I did not immediately supplant one imperial system with another or Ottoman identities with national ones. Examining Palestinian responses to the Turkish war of independence, this article argues that the 1917-22 period should be seen as a "liminal" era suspended between imperial systems. Both Kemalists and Palestinians employed a discourse of loyalty to the Ottoman dynasty, Muslim identity, and resistance to European rule to frame their goals. It was only after the creation of the Turkish Republic and the promulgation of the British Mandate, the author argues, that nationalist identities displaced Ottoman ones for both Turks and Palestinians.
Political Geography:
Europe, Turkey, and Palestine

2940. A2. European Union, Internal Report on "Area C and Palestinian State Building," Brussels, January 2012 (excerpts)

Publication Date:
05-2012
Content Type:
Journal Article
Journal:
Journal of Palestine Studies
Institution:
Institute for Palestine Studies
Abstract:
In accordance with the Oslo Agreement the West Bank excluding East Jerusalem consists of three areas: . Area A (18% of territory, 55% of population) under Palestinian civil and security control. . Area B (20% of territory, 41% of population) under Palestinian civil and shared Israeli-Palestinian civil and security control. . Area C (62% of territory, 5.8% of population) under full Israeli security control and almost full Israeli civilian control.
Political Geography:
Europe, Israel, and Palestine