On June 24th, The German Marshall Fund of the United States (GMF) and the European Council on Foreign Relations (ECFR) organized a roundtable discussion to launch the new ECFR policy report by François Godement and John Fox: ‘A Power Audit of EU-China Relations'. The discussion featured one of the authors of this first-ever pan-European study on EU-China relations, François Godement, ECFR Senior Policy Fellow and Professor and Director of the Asia Centre at Sciences Po.
The global economic downturn has manifested itself in a sharp contraction of consumer demand and employment, and it has severely undermined business and consumer confidence. In effect, global GDP is expected to decrease in 2009 for the first time since World War II while global trade will register its largest drop in the last 80 years.
On June 18, the German Marshall Fund hosted a public discussion entitled "Is Europe doing enough? Economics and policies in the wake of the global financial crisis." The discussion featured Marek Belka, director of the European department of the International Monetary Fund and former prime minister of Poland. Sean Mulvaney, director of the Economic Policy Program at GMF, gave a brief introduction.