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3901. Eastern Caspian Sea Energy Geopolitics: A Litmus Test for the U.S. – Russia – China Struggle for the Geostrategic Control of Eurasia

Author:
Thrassy Marketos
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
The Caucasian Review of International Affairs
Institution:
The Caucasian Review of International Affairs
Abstract:
For reasons both of world strategy and control over natural resources, the US administration is determined to secure for itself a dominant role in Eurasia. The Eastern Caspian shore of the Central Asian states of Kazakhstan and Turkmenistan is crucial to the oil and gas control flow, because which of the two major projects - the Trans-Caspian Corridor plus Nabucco pipeline, or the Prikaspiisky and South Stream pipelines - reaches the European market, will in effect determine which major power - U.S., Russia, or China - will gain geostrategic control over Eurasia. Even more seriously, it may determine a new eventual decision of Europe and the rise of a potential big continental power or a coalition of powers threatening the U.S. and the West as a whole, such as a Russian-Chinese alliance empowered enough to control Caspian Sea resources.
Political Geography:
Russia, United States, China, Europe, Eurasia, Kazakhstan, and Turkmenistan

3902. Bilateral Disputes between EU Member States and Russia

Author:
Mathias Roth
Publication Date:
08-2009
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
Over the past years, a series of bilateral disputes between EU member states and Moscow have significantly affected EU–Russian relations and exposed sharp internal divisions over the EU's approach towards Russia. Despite their potential for having a highly disruptive impact on EU foreign policy, the EU still lacks a consensus on how to handle bilateral disputes. This paper employs a case-study approach to provide an in-depth analysis of selected disputes and reviews several questions of importance for the coherence of EU policy towards Russia: What kinds of issues are at the centre of bilateral disputes? What strategies do member states adopt to resolve them? Under what circumstances are disputes raised to the EU level? The paper concludes that the scope of 'EU solidarity' in bilateral disputes remains deeply contested and draws on insights from the case studies to propose a set of guidelines for the EU's approach to bilateral disputes.
Topic:
Foreign Policy and Bilateral Relations
Political Geography:
Russia, Europe, and Moscow

3903. What lessons from the 1930s?

Author:
Daniel Gros and Cinzia Alcidi
Publication Date:
05-2009
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper explores three areas in which the experience of the Great Depression might be relevant today: monetary policy, fiscal policy and the systemic stability of the banking system. We confirm the consensus on monetary policy: deflation must be avoided. With regard to fiscal policy, the picture is less clear. We cannot confirm a widespread opinion according to which fiscal policy did not work because it was not tried. We find that fiscal policy went to the limit of what was possible within the confines of sustainability, as they existed then. Our investigation of the US banking system shows a surprising resilience of the sector: commercial banking operations (deposit-taking and lending) remained profitable even during the worst years. This suggests one policy conclusion: At present the authorities in both the US and Europe have little choice but to make up for the losses on 'legacy' assets and wait for banks to earn back their capital. But to prevent future crises of this type, one should make sure that losses from the investment banking arms cannot impair commercial banking operations. At least a partial separation of commercial and investment banking thus seems justified by the greater stability of commercial banking operations.
Topic:
Economics, Markets, and Financial Crisis
Political Geography:
United States and Europe

3904. The European Parliament – more powerful, less legitimate? An outlook for the 7th legislature

Author:
Julia De Clerck-Sachsse and Piotr Maciej Kaczyński
Publication Date:
05-2009
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
At the end of the 6th legislature, fears that enlargement would hamper the workings of the European Parliament have largely proved unfounded. Despite the influx of a large number of new members to Parliament, parties have remained cohesive, and legislative output has remained steady. Moreover, after an initial phase of adaptation, MEPs from new member states have been increasingly socialised into the EP structure. Challenges have arisen in a rather different field, however. In order to remain efficient in the face of increasing complexity, the EP has had to streamline its working procedures, moving more decisions to parliamentary committees and cutting down time for debate. This paper argues that measures to increase the efficiency of the EP, most notably the trend towards speeding up agreements with the Council (1st reading agreements) run the risk of undermining the EP's role as a forum of debate. Should bureaucratisation increasingly trump politicisation, the legitimacy of the EP will be undermined, and voters will become ever more alienated from its work. For the 7th legislature of the European Parliament therefore, it is crucial to balance efficiency of output with a more politicised policy style that is able to capture public interest.
Topic:
Politics, Regional Cooperation, and Governance
Political Geography:
Europe

3905. The Effect of the Financial Crisis on Systemic Trust

Author:
Felix Roth
Publication Date:
07-2009
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
The financial crisis had a significant impact on the levels of trust that citizens place in the system and its institutions. Recent data from Eurobarometer show a significant fall in confidence on the part of European citizens in the EU's institutions. For the first time since its creation, a majority of European citizens no longer trust the European Central Bank. However, confidence levels in national governments have actually risen, supporting a contrasting trend between confidence levels in European and national institutions. This decrease in confidence towards the ECB is flanked in the case of Germany by strong anti-capitalist sentiments and a sharp decline in support for the social market economy.
Topic:
Economics, Markets, and Financial Crisis
Political Geography:
Europe and Germany

3906. Lost Voters: Participation in EU elections and the case for compulsory voting

Author:
Anthoula Malkopoulou
Publication Date:
07-2009
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
The malaise among Europe's voting citizens with regard to the European Parliament elections casts a shadow over the EU's commitment to political participation and democratic values. Not only do EU elections hold little political relevance next to national electoral cycles, but voters are also lost in the EU's labyrinth of accountability. Yet, what appears as an insurmountable obstacle to the legitimacy of Europe's decision-making mechanisms can be translated into an opportunity for voting system reforms. One way to address the problem of widespread abstention might be to legislate on the obligation to vote. This paper explores compulsory voting systems in a number of developed democracies worldwide and discusses the advantages and disadvantages of introducing such a measure in the EU.
Topic:
Civil Society, Democratization, and Education
Political Geography:
Europe

3907. Consumer Bankruptcy Regimes and Credit Default in the US and Europe

Author:
Maria Gerhardt
Publication Date:
07-2009
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This CEPS Working Document explains the consumer bankruptcy procedures in the US and the five largest European countries: the UK, Germany, France and Spain, plus Italy (which has no special legal provisions for consumer insolvency). All these countries have quite different approaches; the paper therefore presents a short overview of the insolvency procedures and trends in bankruptcy numbers for each country.
Political Geography:
United States, United Kingdom, Europe, France, Germany, Spain, and Italy

3908. The Case for a Gas Transit Consortium in Ukraine: A Cost-Benefit Analysis

Author:
Michael Emerson and Elena Gnedina
Publication Date:
01-2009
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The 2009 gas dispute between Ukraine and Russia has led to a severe drop in Russian gas supplies to some EU member states. The dispute has once again shown that the status quo is defective and unsustainable as a policy. This Policy Brief argues that – beyond ad hoc temporary measures, such as the monitoring by EU experts agreed on January 12th and the 2009-10 price agreement apparently reached on January 18th – the problem needs a comprehensive and robust solution. This would be a gas transit consortium, bringing all major stakeholders – Gazprom, Naftohaz, one or a few European energy companies, and the international financial institutions – to jointly manage the trans-Ukrainian trunk pipeline. The consortium agreement would be underwritten politic ally and legally by a tripartite treaty to be ratified by the EU, Russia and Ukraine. The consortium should be bound by European standards of transparency, corporate governance and accounting in order to tackle the major problem – the lack of trust – in the EU- Ukraine-Russia energy triangle.
Topic:
Economics, Energy Policy, and Treaties and Agreements
Political Geography:
Russia, Europe, and Ukraine

3909. A New Agenda for Bosnia and Herzegovina

Author:
Jim O'Brien
Publication Date:
08-2009
Content Type:
Policy Brief
Institution:
United States Institute of Peace
Abstract:
USIP has circulated several papers analyzing the situation in Bosnia and Herzegovina. Collectively, they offer diverse but insightful portraits of developments in Bosnia. This short note takes a different approach. I focus on what can be done, not on causes or description. Because there is attention or money for only a few things to be done in Bosnia, we should pick our initiatives carefully.
Topic:
Conflict Resolution, Peace Studies, and War
Political Geography:
Europe, Bosnia, Herzegovina, and Balkans

3910. Passing a Flaming Torch: The Middle Eastern Issues Confronting the Obama Administration

Author:
Rami G. Khouri
Publication Date:
02-2009
Content Type:
Working Paper
Institution:
Center for Contemporary Arab Studies
Abstract:
With its army and its diplomatic posture, the American administration is now deeply part of the Middle East. Many of the problems of the region have been clearly aggravated, and in some cases sparked, by American policy, though many of them are a joint venture between Arabs and is, between Tirrks and Iranians, and between Europeans of different nationalities. But because the United States is such a decisive player in the Middle East, it has inordinate power to affect things in the region for good or for bad.
Topic:
International Relations, Foreign Policy, and Islam
Political Geography:
United States, America, Europe, Middle East, Israel, and Arabia