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On Defense, France Bites the Bullet, But Avoids Strategic Insolvency May 7, 2013
Iceland’s Recovery Saga Presents Opportunities for Brussels, Washington—and Beijing May 6, 2013
Which Way Forward for Europe’s Hybrid Regimes? May 2, 2013
The Arab Revolts and the Liberal Order May 2, 2013
Events
GMF celebrates its 40 year history and Founder and Chairman, Dr. Guido Goldman at Gala Dinner May 09, 2013 / Washington, DCGMF held a celebratory gala dinner at the United States Institute of Peace in Washington, Wednesday May 8.
In this podcast, GMF Vice President of Programs Ivan Vejvoda discusses last month's historic agreement to normalize relations between Kosovo and Serbia.
Anchor Elaine Reyes speaks with Andrew Small, Transatlantic Fellow of the Asia Program for the German Marshall Fund, about Beijing's potential role in brokering peace between Israel and Palestine
Balance of payments: Different definitions of normal
September 23, 2010 / Bruce Stokes
Congress Daily
BRUSSELS -- A specter haunts the European and American economies. It is not the improbable decline into a double-dip recession. It is the prospect that prolonged slow growth will become the "new normal," warns Jean Pisani-Ferry, director of Bruegel, a think tank here devoted to international economics.
While Democrats and Republicans in the United States debate the merits of austerity versus stimulus in the run-up to the November elections, European economists warn, from bitter experience, about the corrosive effect of a prolonged underperforming economy.
One lesson Americans can learn from northern Europe, one that conservatives in the United States have long been loath to accept, is that a strong social safety net -- adequate unemployment benefits, retraining support, universal health care -- can cushion a society through unavoidable, protracted economic downturns...
