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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
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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
Euro Bailout? Will U.S. Have to Step Up to the Plate?
December 13, 2010 / Bruce Stokes
The Fiscal Times
In a crisis, worst-case scenarios can be dangerous because they distract the public and policymakers from the mundane task of wrestling with immediate problems. However low the probability, if the European sovereign debt crisis rapidly cascades from bad to worse, the United States could be called upon for help in another massive bailout.
If efforts to stem the current bleeding in Europe fail; if Portugal, then Spain, and perhaps others need outside assistance, existing European bailout funds may be stretched too thin. Europe may be forced to look for more help from the International Monetary Fund (and by extension the U.S. Treasury), the U.S. Federal Reserve and China. How Washington reacts could have grave foreign policy and economic consequences.
In May, the 16 countries that use the euro established the European Financial Stability Facility, which amassed roughly $579 billion in pledges that can be used in conjunction with $79 billion backed by the EU budget and $329 billion from the International Monetary Fund, creating a $1 trillion pot of money available for lending to beleaguered European states.
The question now is whether this financial safety net will be sufficient. Both the Greek rescue package late last year and the recent Irish bailout cost more than first advertised. Some initial estimates put Dublin’s needs at $100 billion. Its final price tag was $112 billion.
For full article, please visit The Fiscal Times
