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Leadership Changes at the European Union September 5, 2014

Events
Washington, DC Launch of Transatlantic Trends 2014 with Amb Victoria Nuland September 17, 2014 / Washington, DC

GMF launched its 2014 Transatlantic Trends report in Washington, DC, on September 10. After an introduction by GMF President Karen Donfried, Ivan Vejvoda, GMF's senior vice president of programs, revealed the report’s key findings. Following the presentation, Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland presented her views on the main conclusions of the survey and answered questions from the audience.

Audio
NATO Summit Conclusions September 11, 2014

Bruno Lete, a program officer on GMF's Foreign and Security Policy program, analyzes the developments from the NATO Wales Summit.

Audio
Looking Ahead to Wales August 29, 2014

GMF Senior Vice President Ivan Vejvoda discusses the expectations and context for the upcoming NATO summit in Wales.

Mideast Protests Drive Up Oil, Threaten Recovery February 01, 2011 / Bruce Stokes
Fiscal Times


With oil prices soaring past $100 a barrel on Monday, thanks to growing uncertainty about stability in the Middle East, the somewhat distant, feel-good, democracy-awakening story coming out of Egypt suddenly took on a more ominous, economic tone that could hit Americans where it hurts most — their wallets.

The prospect of significantly higher costs for driving, heating and running factories raised the specter of an economic slowdown just as the U.S. economy has been showing signs of finally recovering from the Great Recession. Of even greater danger, rising energy prices threaten to sap growth in Europe, where recovery is shallower, but even more urgently needed as the euro zone struggles to contain a sovereign debt crisis. A new recession in Europe, the world’s largest economic area, would send the dollar higher, dooming President Obama’s goal of creating desperately needed jobs by doubling U.S. exports by 2015.

The immediate threat of runaway oil prices remains slim. Egypt is an insignificant player in world oil trade and global petroleum stocks appear adequate to weather a prolonged storm. They currently stand at 145 days of imports. The International Energy Agency in Paris thinks 90 days are needed for market stability.

But oil spot markets are notoriously volatile. The price of a barrel of Brent crude oil, the global benchmark, has risen 44 percent since August, beginning its assent long before the turmoil in Tunisia, Algeria and now Egypt, driven by expectations of rising demand as the world economy improves.

For full article, please visit the Fiscal Times