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Kazakhstan and the United States: Twenty Years of Ambiguous Partnership
The Five Futures of Cyber Conflict and Cooperation
US Lessons for the Eurozone Restoring Confidence through Transparency
Prospects and Challenges for Increasing India-Pakistan Trade
A US-EU Action Plan for Supporting Democratization: Egypt, Libya, and Tunisia
Council News
Jonathan Paris Discusses Syrian Crisis with France 24
Jonathan Paris, nonresident senior fellow with the Atlantic Council's South Asia Center, appeared on France 24 to discuss Russia's support for the Assad regime and what it means for a possible UN resolution against Syria.
Damon Wilson US Senate Testimony: Ukraine at a Crossroads
On February 1, Atlantic Council executive vice president Damon Wilson testified at a hearing of the US Senate Committe on Foreign Relations on the topic: "Ukraine at a Crossroads: What's at Stake for the US and Europe?"
Michele Dunne on US-Egypt Relations for NPR's Morning Edition
Relations between the US and Egypt have taken a downturn since Egyptian authorities raided the offices of seventeen nongovernmental organizations in December - three of them US-funded. Michele Dunne, director of the Atlantic Council's Rafik Hariri Center for the Middle East, spoke on NPR's Morning Edition about the situation and what it means for US aid to Egypt.
FEATURED ISSUE
The South Asia Center receives guidance and support from many experts throughout the world. Our senior fellows, guest-speakers, Center patrons, and visitors contribute heavily to the Center’s mission to “wage peace,” and engage the international community in the region. The Center asked our contributors the simple, but key question, “What you do expect in 2012?”
REGISTER
EU Blocks France Bank Plan
James Joyner | November 29, 2008The EU is standing in the way of France's efforts to save its banking system. Reuters:
The European Commission is blocking a French plan to shore up the capital positions of big retail banks, insisting they must reduce their lending in return for state support, the Financial Times reported on Saturday.
France announced last month that it would lend 10.5 billion euros ($13.6 billion) to the country's six top lenders before year-end to prop up their capital reserves. Paris has argued that without state support, lenders would have shored up their capital positions by reducing loans in the face of malfunctioning interbank lending markets, a move that would deal a fresh blow to an already troubled economy.
The Financial Times said French Economy Minister Christine Lagarde spoke with European Union Competition Commissioner Neelie Kroes on Friday to persuade her to lift her veto on France's bank support package. But Kroes was sticking to her view that banks cannot use state aid to increase their lending books, the paper said. "We have to apply the same criteria to everyone...support should be sufficient to offset the negative impact of the current financial crisis and no more," the paper quoted one anonymous official as saying.
This will be a severe test of the viability of the EU in a crisis. The pre-Euro Exchange Rate Mechanism ultimately collapsed when states refused to follow central dictats at the cost of domestic economic pain.
