• Message from the European Institute Website

    Dear Friends,

             As you may already know, The European Institute has ceased operations. I am happy to inform you, however, that in the next few months, the rich work of The European Institute, captured on our website (www.europeaninstitute.org), will be archived and available to all on the website of the University of Maryland’s Center for International Policy Exchanges (www.umdcipe.org). Until then, the University will continue to maintain the existing URL and website.

              Thanks to many of you, The European Institute has served as the leading public policy organization in Washington devoted solely to Transatlantic Relations since its founding in 1989. The core of our mission has been to facilitate the exchange of information between public policy makers in both Europe and the United States, so as to deepen the understanding of the breadth of European perspectives on key issues of common concern, and to help build consensus on mutually beneficial resolutions.

              The European Institute’s policy journal, European Affairs, has been invaluable in strengthening the direct exchanges facilitated through our many meetings by drawing on a wide network of prominent experts to build a rich and comprehensive body of work on contemporary issues at the core of European-American relations. Going back to 2000, articles and blogs are archived and well indexed on the Institute’s site. 

                  We are grateful to the University of Maryland for making this valuable material available to all. If you have any questions, please contact Jason Scott at jmscot01@umd.edu.

    Sincerely,

    Joëlle Attinger, President

European Affairs

The Journal of the European Institute

As Europe’s Recovery Accelerates, ECB Ratchets down Stimulus - No “Taper Tantrum” after Widely Expected “Lower for Longer” Announcement

- By James D. Spellman, Washington, DC

Spellman 1Europe’s central bank announced last week it will taper its unprecedented stimulus by reducing purchases of debt (“lower for longer”) and holding interest rates steady, tactics calibrated to support Europe’s accelerating recovery, curtail the euro’s recent appreciation, and stoke inflation’s embers.

The Frankfurt-based institution will cut its monthly purchases of government and corporate bonds by half starting in January to $35 billion (€30 billion) and continue that pace until at least through September next year. Nearly three years ago, the bank began buying assets, including public and private bonds, to stabilize the euro, hold interest rates low, and pump more money into the economy. These “quantitative easing” measures augmented the negative interest rates the bank had set.[1]

Read more ...
 

As Chinese Investment Rises in Europe, Brussels Proposes Greater Scrutiny of Foreign Purchases of EU-Based Companies

- By James D. Spellman, Washington, DC

Spellman 1The European Union recently proposed a framework for scrutinizing incoming foreign investments that may affect “public order” or “security,” a veiled initiative to address Europeans’ rising concerns over China’s state-owned companies acquiring EU-based businesses that are seen as key for Europe’s competitiveness in the global technology tsunami.[1]

In introducing the proposal in his state of the union address (September 13), the EU President Jean-Claude Juncker said it "strikes a smart balance between strengthening the EU's role where appropriate, a more coordinated approach and the preservation of member states' decision-making authority. The proposal promises to tackle potential national security issues.”[2] He assured Europeans he is not “a naive advocate of free trade,” a signal to those arguing that there is little reciprocity from China and other countries for accessing EU’s open markets.

Read more ...
 

Perspective: German Election—Staying in the comfort zone

- By Markus Ziener, Berlin
markusziener2015

The prank election poster in white and red reads: “Okay, one more time Merkel. But then it’s enough. SPD”. The SPD, the Social Democrats, are the junior partner of the conservative CDU in the currently governing grand coalition - and they want anything but another four years with Chancellor Angela Merkel. Published by a German satire magazine, the spoof went viral on the internet. Why? Because in a nutshell it captures the dilemma of the SPD. As long as Angela Merkel is on the stage there does not seem to be a way around her. Merkel is set to win the national elections for a fourth time. And the SPD is set to lose, once again.
Read more ...
 

Europe’s Rebound: Good News Piles Up as Central Bankers Ponder how to Throttle Down “QE”

- By James D. Spellman, Washington, DC
Spellman 1On many fronts, Europe’s economy is strengthening as consumers become more confident, investment inflows accelerate, unemployment falls, and sovereign debt costs decline for the EU’s most troubled member-countries.
Read more ...
 

Brexit Accelerates Business Exodus

- By J. Paul Horne, Washington, DC
paul horneBanks, insurers, businesses and European Union (EU) agencies based in the UK are accelerating their moves to assure full access in the EU, the world’s largest financial-economic area. Their theoretical deadline is Friday, March 19, 2019, when Britain will be out of the EU according to EU Treaty rules, but practical hurdles make the real deadline mid-2018. The exodus of Brexit-generated refugees is also growing more urgent because the Tory government has failed to clarify its Brexit negotiating strategy during the 14 months since the fateful referendum. This policy vacuum is forcing companies to plan for the worst-case scenario – “hard Brexit.” 
Read more ...
 

OUR MUST READS

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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.

 
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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.

 
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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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