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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, DC

GMF held a celebratory gala dinner at the United States Institute of Peace in Washington, Wednesday May 8.

Audio
Deal Between Kosovo, Serbia is a European Solution to a European Problem May 13, 2013

In this podcast, GMF Vice President of Programs Ivan Vejvoda discusses last month's historic agreement to normalize relations between Kosovo and Serbia.

Andrew Small on China’s Influence in the Middle East Peace Process May 10, 2013

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 Deal Reached, but Crisis far from Over October 28, 2011 / Thomas Kleine-Brockhoff
CNN

Related Regions: European Union / Mediterranean
Wednesday night's European summit was, well, a very European summit. It lasted forever, included several dramatic moments, ended in the wee hours of the morning and delivered a highly complex result. Yet, the questions that Americans might now ask are quite simple: Has this leaders' conclave succeeded in stopping the spread of the "contagion" from the eurozone's sovereign debt crisis? Will the European financial disease reach America's shores and affect local jobs and livelihoods? The answer may seem somewhat paradoxical: While the Europeans have made strides to beat the virus, this crisis is anything but over.
The Europeans had been asked to deploy a "big bazooka," a weapon so big and so potent that it would force financial markets into submission. There could be no doubt allowed that the "euro-Europeans" (those who share Europe's single currency) would do absolutely everything to preserve the credibility of their currency and restore trust that investments in European bonds remain safe.

In the good old days, a president, a prime minister or a chancellor (most likely male) would have stepped up, made a bold decision and presented it to the people in front of a microphone. He would appear to be determined and convinced that he was doing the right thing. Doubt was neither part of his vocabulary nor his demeanor. Indeed, those were the days of the sovereign nation state.