By European Affairs

Top U.S. financial officials said Wednesday that Europe has made significant progress in surmounting the eurozone crisis. In testimony to Congress, Federal Reserve Chairman Ben Bernake and Treasury Secretary Timothy Geithner expressed cautious optomism about the eurozone outlook and praised the European Central Bank (ECB) for its efforts to inject liquidity into the banking system to maintain financial flows.

Their testimony was the first top level public statement from the Obama administration on the crisis since the EU’s most recent steps to prevent debt default, especially in Greece. According to the New York Times, Geithner said that the European situation is far less worrisome than in late 2011, but still remains a threat to global recovery and to the U.S. economic outlook.


By European Affairs

  • High Skills versus Family-Based Immigration Policy: Complex Considerations.

    By Nicholas Zill

    In the current era of rapid demographic and technological change, and massive refugee flows, there has been much debate in European nations and in the US about immigration policies. One of the major points of contention is whether preferences should be given to would-be entrants on the basis of their high skills (merit-based immigration) or their family ties to individuals already residing in the country (family reunification).

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UMD Jean Monnet Research Project

Infrastructure Planning and Financing: Lessons from Europe and the United States

The University of Maryland has received a Jean Monnet grant from the EU to conduct a series of policy exchanges between Europe and the US on filling infrastructure needs and the utility of public/private partnerships as the financing mechanism. If interested in participating in or receiving more information about these exchanges, please contact Rye McKenzie (rmckenzi@umd.edu).

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New from the Bertelsmann Foundation

The Bertelsmann Foundation is an independent, nonpartisan and nonprofit think tank in Washington, DC with a transatlantic perspective on global challenges.

"Edge of a Precipice" by Nathan Crist

"Newpolitik" by Emily Hruban


Summer Course