Backgrounder posted June 9, 2014
Stimulus or Austerity? Fiscal Policy in the Great Recession and European Debt Crisis
The Great Recession of 2008–2009 and the European debt crisis of 2010–2012 were the greatest interruption in economic growth since the Second World War. A debate has raged since the recession began between economists who believe that government spending is the problem and those who believe it is the solution. Available data show neither a uniform European “age of…
Special Report posted June 6, 2014
Europe’s Fiscal Crisis Revealed: An In-Depth Analysis of Spending, Austerity, and Growth
About the Authors
Alberto Alesina, PhD, is Nathaniel Ropes Professor of Political Economy at Harvard University. He is also a member of the National Bureau of Economic Research, the Center for Economic Policy Research, the American Academy of Arts and Sciences, and the Econometric Society.
Romina Boccia is Grover M. Hermann Fellow in Federal Budgetary Affairs in the…
Issue Brief posted June 4, 2014
President Obama Goes to Europe: Top Five Policy Recommendations
President Obama’s visit to Europe this week will be an important opportunity for the U.S. President to restate America’s commitment to the transatlantic partnership, strengthen the NATO alliance, and shore up European opposition to Russian aggression against Ukraine. Across the Atlantic, President Obama should also take note of the mounting disillusionment with the…
Issue Brief posted May 20, 2014
U.S. Should Condemn Spain and France’s Military Support to the Russian Federation
As Russia continues to occupy Crimea and back political instability in eastern Ukraine, there are some NATO members that continue to provide Russia with military support. Spain allows the Russian navy use of its ports, and France is selling two amphibious assault ships to Russia.
This behavior is unbecoming of 21st-century NATO allies. The U.S. should work with…
Issue Brief posted May 16, 2014
Realistic U.S.–German Cooperation over Russia
The Russian Aggression Prevention Act of 2014 contains a number of effective proposals that advance transatlantic security cooperation while seeking to restrain Moscow’s imperial ambitions in Eastern Europe. However, one of the bill’s main proposals—enhancing U.S. ties with Germany to confront Russia—is a flawed idea.
The Germans view the threat and challenges posed by…
Issue Brief posted March 21, 2014
Ukraine, NATO, Trade, and Afghanistan Should Dominate Obama’s Visit to Europe
On March 24–27, President Barack Obama will make his first trip to Europe in 2014. He will visit Belgium, the Netherlands, Italy, and Vatican City. He will also attend the U.S.–European Union Summit in Brussels.
This trip will provide an opportunity for the President to demonstrate America’s commitment to transatlantic relations. The President needs to get the…
Issue Brief posted March 6, 2014
Lift Restrictions on Natural Gas Exports to NATO Allies in the Baltics
The United States has been experiencing a boom in energy production in recent years, most notably natural gas production. This energy boom should allow for a strong export market for American liquefied natural gas (LNG) to hungry markets abroad. However, legal and regulatory hurdles make it unnecessarily difficult for American companies to export LNG to many countries…
Backgrounder posted February 18, 2014
U.S. Nuclear Weapons in Europe: Critical for Transatlantic Security
Since the end of the Cold War, the U.S. nuclear weapons posture has undergone a dramatic change. The U.S. has withdrawn about 90 percent of its forward-deployed nuclear weapons from Europe. In 2012, the Obama Administration initiated the Life Extension Program (LEP) for the B61 tactical nuclear weapon, which is the last nuclear weapon the U.S. keeps in Europe and the only…
Backgrounder posted February 13, 2014
Self-Determination and National Security: Why the U.S. Should Back British Sovereignty over Gibraltar
The more than three-centuries-long dispute between Spain and the United Kingdom over the status of Gibraltar has been heating up again. The United States has interests at stake in the dispute. The U.S. benefits from its close relationship with Gibraltar as a British Overseas Territory in a way that would not be possible if Gibraltar was under the control of Spain. The…
Issue Brief posted February 13, 2014
U.S.–Baltic Military Cooperation in the Persian Gulf
The three Baltic states—Estonia, Latvia, and Lithuania—have contributed greatly to overseas military operations, especially Afghanistan, in recent years. Although they are small in size, the Baltic states demonstrate a willingness to contribute to NATO and the political will to deploy their militaries in a way notably absent across most of Europe.
A major concern of the…
Issue Brief posted December 5, 2013
Transatlantic Trade and Investment Partnership (TTIP): Pitfalls and Promises
The United States and the European Union (EU) have begun the negotiation of the Transatlantic Trade and Investment Partnership (TTIP), which could greatly reduce or eliminate both tariff and non-tariff barriers to trade between the U.S. and the EU, a trade relationship that accounts for about 30 percent of world trade.
The promotion of economic freedom is a vital part of…