US-Europe relations have taken another turn for the worse. Kim Darroch resigned on July 10 as the British ambassador to the US, because of leaked documents in which he said US President Donald Trump and his administration are “inept” and “dysfunctional.” On the same day, Washington announced it would launch a Section 301 investigation into France’s digital tax service.
By Sun Chenghao
2019 is a critical year for Europe. The rise of populist, nationalistic agendas has called into question the raison d´être of the European project and core European liberal values. With the new European Commission to be assembled this Autumn, now is the time to focus on a New Manifesto for Europe with fresh policy ideas. This open letter was written by the Global Future Council on Europe’s co-chairs, Miroslav Lajčák and Beatrice Weder di Mauro.
Miroslav Lajčák – Minister of Foreign and European Affairs, Ministry of Foreign Affairs of the Slovak Republic
Beatrice Weder di Mauro – Professor of Economics, University of Mainz
The common desire of Moscow and Beijing to develop railways linking Asia with Europe is not making as much progress as the two parties had hoped or as many had expected. This is due in part to international concerns involving third countries, including the Central Asian states, but it mostly stems from domestic political considerations inside Russia.
Former foreign secretary of Britain said huge efforts are underway by European countries to find a way for implementing the Instrument in Support of Trade Exchanges (INSTEX).
The next six months will be tricky for the European Union, with Brexit, parliamentary elections, and the next budget. Is Romania up to the task of EU presidency during this time?
Populists in Europe are contesting the perceived benefits of economic integration between countries. This column uses data on trade frictions to estimate the long-run impact of trade frictions on GDP if countries in Europe were to be more or less integrated. Negative between-country impacts, such as from Brexit or an EU collapse, imply a GDP reduction of between 1-3%. The potential trade benefits of a ‘United States of Europe’, on the other hand, may be an order of magnitude greater for its members.
David Comerford, Sevi Rodriguez Mora
A calendar year is a useful, if arbitrary, gauge for judging change. But by any measure, the state of Europe looks very different today from how it looked 12 months ago. Let me start from the parochial perspective of the UK – a perspective which risks darkening everything else with its gloom, but is hard to avoid if you are writing, as I am, from London.
Europe’s social contracts to protect their citizens from socioeconomic risks are based on an inclusive growth model characterised by a more egalitarian view of revenue generation and distribution. But this model is under strain, with various global placing upward pressure on inequality that could intensify. This column suggests that keeping the essence of Europe’s current inclusive growth model does not preclude it from adapting its current social contracts to protect its citizens, whatever the disruptions that lie ahead.
Jacques Bughin, Christopher Pissarides
In December 2018, the Fundamental Rights Agency released a major survey on anti-Semitism in 12 European countries. Though flawed and not statistically representative, it draws many important conclusions. It confirms once again that anti-Semitism remains an integral part of European culture. While the findings do not mean the majority of Europeans are anti-Semites, they are nevertheless an indictment of Europe’s hypocrisy, pervasive anti-Semitism, non-selective immigration policies, widespread anti-Israelism, and huge discrepancy between the rhetoric of European leaders on fighting anti-Semitism and their actions.
Dr. Manfred Gerstenfeld
The partnership at the center of European integration is unraveling just when Euroskeptic forces are coming together. If French President Emmanuel Macron and German Chancellor Angela Merkel cannot start rebuilding the political center, next year’s European Parliament election will produce the biggest victory yet for anti-EU populists.