Spain

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.

NATO Takes Aim At Energy

By Dr. Arūnas Molis

When during the meetings in Strasbourg and Kiel (in April 2009) the leaders of NATO decided to start discussions on a new strategic concept of NATO, nobody expected easy agreements. Nevertheless all the countries of the Alliance agreed that the key goal of NATO should be the establishment of the secure political environment. To this end the Alliance shall elaborate effective measures for the elimination of threats.

In Córdoba, EU Foreign Ministers Discussed The Functioning Of The European External Action Service

At an informal meeting of European Union’s foreign ministers on 5-6 March in Córdoba (Spain), Lithuania’s Minister of Foreign Affairs Audronius Ažubalis and his counterparts discussed the shaping of the new European External Action Service, the EU’s relations with large emerging economies, as well as the situation in the Middle East.