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  • The European Banking Union & the Future of the Economic & Monetary Union

    On October 6, 2016, The European Institute held a lunch discussion with a delegation from the European Parliament’s Committee on Economic & Monetary Affairs (ECON) led by The Honorable Roberto Gualtieri, ECON Chairman and The Honorable Siegfried Mureșan, Spokesman for the European People’s Party and Substitute Member of ECON.  Chairman Gualtieri and Mr. Mureşan, along with other representatives from the ECON Committee, discussed the current status and environment of the banking union as well as the changes the European Union may need to make in order cope successfully with challenges such as Brexit, the need for greater economic growth, and the implementation of a common deposit insurance scheme. Despite differing views on some subjects, the delegation agreed on the necessity of the completion of the bank union.

European Affairs

The Journal of the European Institute

Mr. Erdogan Comes to Washington

- By Ali H. Aslan, Washington, DC

aliaslanTurkey’s President Recep Tayyip Erdogan had a tall order for his first trip to Washington: To instill an image that he is a respected world leader despite his authoritarianism; to foster a personal relationship with the new US President Donald Trump, and hopefully, garner a few concessions on several contentious issues which have been straining bilateral relations. Those issues include the US decision to arm Kurdish fighters in Syria for anti-ISIL Raqqa operation, obstacles in the extradition request for prominent Turkish dissident Fethullah Gulen, and Erdogan’s keen interest in shutting down the U.S. government’s Iran sanctions violation case against Turkish-Iranian businessman Reza Zarrab. Turkey’s strongman can be happy with the warm welcome by President Trump at the White House, but so far there has been no indications of any concrete accomplishments on these priority issues. 

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Marshall Plan—70th Anniversary of Post War U.S. Aid Program to Europe

- By Michael D. Mosettig, Washington, DC

michaelmosettig.newIn a sea of academic gowns on Harvard Lawn, he stood out, erect of military bearing, in a civilian gray suit. 

George C. Marshall was one of four illustrious honorary degree recipients on June 5, 1947.  He had been the military and logistics architect of the allied victories in World War II and was now serving as Secretary of State for President Harry S Truman. The others were Robert Oppenheimer, creator of the atomic bomb; General Omar Bradley and poet T.S. Eliot. But it would be Marshall’s brief speech at an alumni lunch following the commencement ceremonies that would make history. 

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Of Politics and the Euro

- By J. Paul Horne, Paris

paul horneOnce again, the euro survived a crucial electoral test and strengthened in financial markets clearly relieved that the world’s second reserve currency will carry on despite populist politicians pandering to voters blaming economic stagnation and high unemployment on the European Union and the euro. The euro’s bounce against the dollar came just hours after the first round of France’s presidential election on Sunday, April 23, resulted in Emmanuel Macron, a pro-European centrist; and Marine Le Pen, head of the hard right and anti-European Front National, winning through to the run-off vote on May 7.

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Erdogan’s Win, Turkey’s Loss

- By Ali Aslan, Washington DC

aliaslanTurkey’s autocratic president Recep Tayyip Erdogan added another critical, albeit controversial electoral win to his column last Sunday. A referendum officially changing the regime from a parliamentary democracy to a presidential system with little or no checks and balances passed with a narrow margin (51-49 percent).

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Letter from the Brexit Front Lines

- By Michael White, London

michaelwhite

Conscientious Americans, eager to be distracted from President Trump’s latest diplomatic salvo, his threat to “solve North Korea” unilaterally if China doesn’t sort it out, may take comfort from a Ruritanian version of sabre rattling diplomacy which vied for European headlines as the week began. Another Falklands war!  Another Spanish Armada!  Like much else, the Gibraltar question would be funny if it wasn’t serious.

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OUR MUST READS

- Konstantin Veit

Has Populism Reached Its High Water Mark? Two interesting pieces, written in the wake of the first round of French presidential elections, warn not to count populism out.
The New York Times (4/26) suggests ”Western Populism May Be Entering an Awkward Adolescence”.
In Carnegie Europe, Judy Dempsey asks a group of foreign policy experts: “Is Populism on the Run?”.

Recommended by European Affairs.

 
- Ben Antenore

Will the EU Fall? Three Scenarios, Four Explanations, by Frédéric Mérand,  Université de Montréal, published as a blog of the American Sociological  Association. A crisp and insightful summary of the EU crisis and where it could lead.  Recommended by European Affairs.

 
- Owen Phelps

The flow towards Europe Interactive chart showing refugee flow into Europe, country by country, based on UN data. PUBLISHED 26.10.2015 | BY VILLE SAARINEN AND JUHO OJALA

Recommended by European affairs.

 

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OUR NEWSROOM

"EU Energy Policy - Challenges & Solutions" with Lithuanian Energy Minister Jaroslav Neverovic in The Lithuanian Tribune: "Energy Minister Neverovic discussed EU Energy Policy in Washington DC" by Virginijus Sinkevicius

The European Institute's event with Julie Brill & Jan Philipp Albrecht on "Data Protection, Privacy & Security" in The Hill: "Overnight Tech: Showdown on Spying" by Kate Tummarello & Brendan Sasso

The European Institute's event on "Data Protection, Privacy & Security: Re-Establishing Trust between Europe & the United States" in POLITICO: "EU to D.C.: Friends 'do not spy on each other'" by Tony Romm & Erin Mershon

The European Institute's event with Natalia Gherman, Foreign Minister of Moldova in Radio Free Europe: "Moldova's Foreign Minister Seeks U.S. Political, Economic Support"   

The Honorable Richard Bruton T.D., Irish Minister for Jobs, Enterprise and Innovation at The European Institute in The Irish Times: "Multinationals to advise on tax scheme" by Simon Carswell

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Programs of The European Institute
are sponsored in part by the European Union.