immigration

Europe’s Long-Term Growth Prospects

By Uri Dadush, Bennett Stancil

The Great Recession and subsequent debt crisis have left Europe with a deep and painful legacy. Output remains 7 percent below the pre-crisis trend; public debt levels continue to reach historic highs; banks remain fragile; and the Euro area is severely out of balance. To ensure that today’s downturn does not devolve into long-term slow growth and deflationary trends, European policy makers need to respond with far-reaching structural reforms.

OSCE Focus Moves To The East

By Leonid Gusev

Next year, in accordance with a decision made at the 15th OSCE Ministerial Council in November 2007, Kazakhstan will preside over the Organization for Security and Co-operation in Europe (OSCE). Thus, a former Soviet republic will occupy this position for the first time. Under the circumstances, it would be natural to expect Kazakhstan to do all it can to consolidate its positions on the world arena. Its officials have already announced their intentions to include illegal immigration and drug trafficking on the OSCE agenda, problems that are particularly relevant for all CIS countries.