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201. In Search of Symmetry in the Eurozone

Author:
Paul De Grauwe
Publication Date:
05-2012
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
One of the major problems of the eurozone is the divergence of the competitive positions that have built up since the early 2000s. This divergence has led to major imbalances in the eurozone where the countries that have seen their competitive positions deteriorate (mainly the so - called ' PIIGS ' – Portugal, Ireland, Italy, Greece and Spain ) have accumulated large current account deficits and thus external indebtedness, matched by current account surpluses of the countries that have improved their competitive positions (mainly Germany).
Topic:
Economics, Markets, Regional Cooperation, Global Recession, and Financial Crisis
Political Geography:
Europe, Greece, Germany, Spain, Italy, Portugal, and Ireland

202. An Agenda for the European Council: Feasible steps to bring the eurozone back from the precipice

Author:
Stefano Micossi
Publication Date:
06-2012
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
Once again the European Council will meet in an emergency session at the end of June, with the eurozone economy in recession and actually plummeting in its Southern periphery. Further doubts are also growing on the sustainability of sovereign debts due to the vicious spiral of deteriorating bank balance sheets, ballooning potential liabilities from banking rescues and widening spreads on government borrowings. The sovereign debt crisis in the periphery has now turned into a fully fledged banking crisis that threatens to spread from Greece to Spain and tomorrow, who knows, to Italy, France and even Germany itself.
Topic:
Debt, Economics, Regional Cooperation, Financial Crisis, and Governance
Political Geography:
Europe, Greece, France, Germany, Spain, and Italy

203. 'Grexit': Who would pay for it?

Author:
Daniel Gros, Cinzia Alcidi, and Alessandro Giovannini
Publication Date:
05-2012
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
What would be the cost if Greece were to exit from the eurozone? This much-debated question cannot be answered with a single number. The consequences of Greece's exit would depend decisively on the exact circumstances of events in the country itself as well as the general state of financial markets in the eurozone.
Topic:
Debt, Markets, Regional Cooperation, Monetary Policy, and Financial Crisis
Political Geography:
Europe and Greece

204. What if Europe Fails?

Author:
Thomas Wright
Publication Date:
07-2012
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
The European Union is engaged in a ferocious political, diplomatic, and economic struggle to preserve the future of the single currency, the Euro, and the viability of what has become known simply as ''the project,'' namely the process of integration that has been the bedrock of Western European politics for over half a century. It is distinctly possible that its members' efforts may fail, either in the short or long term, and give way to an era of disintegration. Some have sounded the alarm: German Chancellor Angela Merkel famously remarked, ''If the Euro fails, Europe fails.'' Former president Nicolas Sarkozy of France predicted, ''If the euro explodes, Europe would explode. It's the guarantee of peace in a continent where there were terrible wars.'' Polish Foreign Minister Radek Sikorski warned the Euro's collapse could cause an ''apocalyptic'' crisis. Harvard economist Dani Rodrik cautioned ''the nightmare scenario would . . . be a 1930's-style victory for political extremism.'' After all, ''fascism, Nazism, and communism were children of a backlash against globalization.'' The erosion of democracy in Hungary and the rise in support for populist parties in Greece, the Netherlands, Finland, and France appears to some to be the beginning of the end.
Political Geography:
Europe, Finland, Greece, France, Germany, and Netherlands

205. Turkey focus policy brief no:2 cyprus: is peace ever possible?

Author:
Baroness Hussein-Ece OBE
Publication Date:
01-2012
Content Type:
Policy Brief
Institution:
Centre for Strategic Research and Analysis (CESRAN)
Abstract:
Last week the All Party Parliamentary Group on Conflict Issues, held an event in Westminster. The meeting introduced a new concept where a network of Greek Cypriot and Turkish Cypriot civil society organisations (CSOs) were calling for a shake-up of the Cyprus peace process. They made a strong case to include a more central and active role for civil society, woman and young people to work in tandem with negotiations between the leaders of the two communities.
Topic:
Conflict Resolution and International Relations
Political Geography:
Turkey and Greece

206. İsrail 2012

Publication Date:
01-2012
Content Type:
Journal Article
Abstract:
The year 2012 was a critical year for Israel because of the political change in Egypt. Israeli relations with Turkey were also affected as the tension experienced in the region on social change shaken trust among neighbors. Tel Aviv holds that the uprisings in the Arab world signal continuous collapse of authoritarian regimes and thus inevitably pave the way for the rise of Islamic movements. Since the beginning of the uprisings in the Middle East, Israeli decision-makers remained on alert. Israel was directed to find new actors to resolve its loneliness in the region. These actors later appeared as Greece, Cyprus, Azerbaijan and Armenia. Their common feature is that all of these countries' relations with Turkey are somehow problematic. For Israel developing relationships with these countries also means cornering Turkey. On the other hand, there were also differences of opinion between the U.S. and Israel emerged in 2012 that should be noted. Indeed, 2012 saw that the seemingly unshakable alliance between the U.S. and Israel could in fact be in trouble following the two's differing responses to Iran's nuclear power ambitions. The latter issue showed that profound differences of opinion may well surface in the near future.
Political Geography:
Iran, Turkey, Middle East, Greece, Azerbaijan, Egypt, and Cyprus

207. Fear Athens Less and Washington More

Author:
Irwin M. Stelzer
Publication Date:
05-2012
Content Type:
Working Paper
Institution:
Hudson Institute
Abstract:
There comes a tide in the affairs of men And the one sweeping from Greece, across Europe and into the United States is washing away support for austerity, in some cases reinforcing opposition to it, largely from the Left. President Obama is delighted at this support for his refusal to cut spending in the face of mounting deficits, and the Republicans are feeling beleaguered at what they see as the disinterment of the body of works of John Maynard Keynes. No longer must the President sit at G8 meetings (in this weekend's case, G7 since Vladimir Putin finds it necessary to stay at home to deal with an unpleasant spate of dissent) and hear only the voice of Germany's iron Chancellor, Angela Merkel, extolling the virtues of thrift, austerity and balanced budgets. Now he has France's new socialist President, François Hollande, to preach the virtues of spending, "the indispensable stimulation of the economy", and, even better, high taxes-- up to 75% on incomes in excess of $1.35 million per year, which makes the team of Buffett and Obama mere pikers at the soak-the-rich game. Secretary of State Hillary Clinton expressed the administration's delight at Hollande's "different political approach Different voices may be louder on growth than they have been It's been our view that there needed to be adjustments to austerity, so that there could be growth, both for economic reasons and for political reasons President Obama and our economic team have been saying for some time that growth had to factor into a European recovery." Take that, Mrs. Merkel and all you Republicans who want to cut entitlement spending and retain the Bush tax cuts that benefit "millionaires and billionaires", Obama shorthand for families earning more than $250,000 per year.
Topic:
Economics, International Trade and Finance, Monetary Policy, and Budget
Political Geography:
United States, Europe, Washington, Greece, and France

208. Cypriot Perceptions of Turkey

Author:
Christalla Yakinthou and Rebecca Bryant
Publication Date:
08-2012
Content Type:
Special Report
Institution:
Turkish Economic and Social Studies Foundation (TESEV)
Abstract:
This report contains the findings of TESEV Foreign Policy Program’s survey of the perception of Turkey in Cyprus. Conducted by Rebecca Bryant and Christalla Yakinthou, the survey aims to understand and represent Turkish and Greek Cypriot assessments of their respective relationships with Turkey today. The report uses a set of fifty extended interviews to present Cypriots’ anxieties, hopes, and fears regarding their relationships with Turkey and possibilities for the future. The report reveals some striking findings. While Turkish Cypriots demand sovereign equality from Turkey; Greek Cypriots are more concerned with the economic performance of Turkey and Greece, rather than the role of Turkey on the future of the island. Both sides think of Turkey’s military presence on the island as an issue and it is also widely believed that Turkey should adopt a more constructive attitude and take concrete steps towards a long-term solution. u rapor TESEV Dış Politika Programı’nın Kıbrıs’ta Türkiye algısını anlamaya yönelik çalışmasının detaylı sonuçlarını içermektedir. Rebecca Bryant ve Christalla Yakinthou tarafından yürütülen bu çalışma, Kıbrıslı Türk ve Rumların Türkiye ile olan ilişkilerini nasıl değerlendirdikleri üzerinde durmaktadır. Araştırma ada genelinde çeşitli kanaat önderleriyle yapılan elli derinlemesine mülakat aracılığıyla Kıbrıslıların Türkiye ile ilgili görüş ve beklentilerini ortaya koymaktadır.
Topic:
Conflict Resolution, Foreign Policy, Sovereignty, Territorial Disputes, and Economy
Political Geography:
Turkey, Middle East, Greece, Cyprus, and Mediterranean

209. La fabrique politique d’une frontière européenne en Méditerranée. Le « jeu du mistigri » entre les Etats et l’Union (The political fabric of a European frontier in the Mediterranean: The “jeu du mistigri” between the States and the European Union )

Author:
Evelyne Ritaine
Publication Date:
07-2012
Content Type:
Special Report
Institution:
Centre d'Etudes et de Recherches Internationales (CERI)
Abstract:
The political determination of the Mediterranean border of the European Union seen from the perspective of the Southern European countries (Spain, Italy, Greece, Malta) illustrates the symbolic and political importance for these nations of maintaining control of the border. It has a significant impact on the types of controls that are enacted and the interplay between national and European decisions. Placing this question on the agenda brings to light a Mediterranean perspective regarding the exterior borders of the European Union that is largely determined by the conditions of integration of the different countries into the Schengen area. This new border regime is the result of complex political games and is seen as a security issue. The actual set of controls seems to be less planned and legal-rational than simply erratic and the result of tensions between internal tactics, nation state strategies and attempts at bringing within the ring of EU.
Topic:
Security, Migration, European Union, Regulation, Borders, and State
Political Geography:
Greece, Balkans, Spain, North Africa, Italy, Western Europe, Mediterranean, European Union, and Malta

210. Young Minds Rethinking the Mediterranean

Author:
Nihan Akıncılar, Anna Alexieva, Jennifer Brindisi, Evinç Doğan, Amanda E. Rogers, and Beatrice Schimmang
Publication Date:
12-2011
Content Type:
Book
Institution:
Global Political Trends Center (GPoT)
Abstract:
In this paper, Europeanization of minority rights in Turkey will be explained in detail and in the conclusion part, it will be compared and contrasted with the Europeanization of minority rights in Greece. In this comparison, it is difficult to compare and contrast the mechanisms of Europeanization in Turkey and Greece because these mechanisms are suitable for the member states of the European Union (EU). For the candidate countries, the question of “how it is Europeanized” can be only answered with conditionality. Therefore, instead of trying to adapt Turkey in the case of minority rights to the mechanisms of Europeanization for the member states, in this study, it will be dealt with how the EU matters in affecting the minority rights protection in candidate and member states. Therefore, what this study implies when it is expected to explain Europeanization of mi`nority rights in Turkey is not to handle this case through the Europeanization theories, but how the EU affects the candidate countries through conditionality.
Topic:
Conflict Resolution, Conflict Prevention, Foreign Policy, Political Violence, Human Rights, War, and Political Theory
Political Geography:
Europe, Turkey, and Greece