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 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…
WebMemo posted August 23, 2011
Why the United States Should Be Concerned about France’s Banking Crisis
After a wave of panic gripped French financial markets late last week, President Nicolas Sarkozy interrupted his summer vacation to call an emergency cabinet meeting and reassure the world that French banks were not on the “brink of disaster.”
Although it looks as if France’s major banks are not in imminent danger of collapse, the undercapitalization of major…
Backgrounder posted August 9, 2010
Cronyism: Undermining Economic Freedom and Prosperity Around the World
Backroom deals between members of the governing class and their hand-picked cronies influence the legislative, executive, and regulatory actions of governments around the world. Examples of this ancient form of corruption abound. Government intrusions into the private sector as a partner, financier, or outright owner are not only morally hazardous, but…
Special Report posted July 15, 2010
Europe: What Future?
Abstract: The pretense that the European Union is successful and stable—and that the euro is a successful and stable currency—has been exploded by events surrounding the financial bailout of Greece. No one knows where the contagion will spread or how it may end. The world’s financial markets have occasionally teetered on the edge of panic. But the full implications of…
WebMemo posted February 12, 2010
After Ukraine Elections: What Is Next for U.S. Policy?
On February 7, Ukrainians elected former Prime Minister Victor Yanukovych as president, a defeat for current Prime Minister Yulia Tymoshenko. The first round of elections, held on January 17, appeared to be free and fair. The U.S. embassy and OSCE concluded that the second round of runoff elections were free and fair as well. Ukrainian courts may review some of…
WebMemo posted January 13, 2010
American Leadership Necessary to Assist Haiti After Devastating Earthquake
America’s response thus far to the devastating earthquake that hit Haiti on January 12 has been far too mute, creating an unexpected vacuum of leadership in a critical region. Haiti is the most impoverished nation of the Americas. The government under President Réne Préval is weak and literally now in shambles. Cuba and Venezuela, already intent on minimizing U.S.…