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  • Author: Olivier Blanchard, Thomas Philippon, Jean Pisani-Ferry
  • Publication Date: 06-2020
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: The measures that most governments took in response to the sudden collapse in economic activity during the COVID-19 lockdowns nearly exclusively focused on protecting vulnerable workers and firms. These measures included unemployment benefits, grants, transfers, loans at low rates, and tax deferrals. As lockdowns are lifted, governments must shift policies toward supporting the recovery and design measures that will limit the pain of adjustment while preserving productive jobs and firms. This Policy Brief explores how such measures can be designed, with particular emphasis on Europe and the United States. The authors propose a combination of unemployment benefits to help workers, wage subsidies and partially guaranteed loans to help firms, and debt restructuring procedures for small and medium-sized companies handicapped by excessive legacy debt from the crisis.
  • Topic: Debt, Economics, Government, Labor Issues, Unemployment, Coronavirus
  • Political Geography: Europe, North America, United States of America
  • Author: Charles Thépaut, Elena DeLozier
  • Publication Date: 01-2020
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: By triggering the nuclear deal’s dispute resolution mechanism, Britain, France, and Germany are opening diplomatic space that could help the United States and Iran return to the negotiating table. In a press conference following the assassination of Qasem Soleimani, President Trump reaffirmed his administration’s “maximum pressure” policy against Iran and asked, once again, for European countries to leave the nuclear deal. Meanwhile, Tehran announced what it called a “fifth and final remedial step” away from its commitments under the Joint Comprehensive Plan of Action. In response, the British, French, and German foreign ministers stated on January 14 that they would trigger the JCPOA’s dispute resolution mechanism (DRM). At the same time, however, the E3 clarified that they are not joining the Trump administration’s maximum pressure campaign, which has steadily intensified ever since the United States withdrew from the JCPOA and reimposed unilateral sanctions in 2018. Contrary to U.S. claims, the European decision will not immediately provoke “snapback” UN sanctions on Iran (though that scenario could unfold later if the E3 plan fails and Iran’s violations go before the UN Security Council). Instead, Europe is maintaining its evenhanded position somewhere between Washington and Tehran in order to preserve the possibility of new negotiations, on both the nuclear program and other regional issues.
  • Topic: Nuclear Weapons, Treaties and Agreements, Nuclear Power, Negotiation
  • Political Geography: Europe, Iran, Middle East, United States of America
  • Author: Fabrice Balanche
  • Publication Date: 02-2020
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: Various displacement scenarios may unfold as the fighting escalates, each carrying a high risk of negative humanitarian and economic consequences even if the parties live up to their promises. The battle for Idlib province, the last stronghold of Syrian rebel forces, is heating up again. As Turkish troops clash with Assad regime forces and displaced civilians continue piling up along the border, various foreign and domestic players are considering moves that could send hundreds of thousands of refugees to other parts of Syria, northern Iraq, or Europe.
  • Topic: Refugees, Displacement, Conflict, Syrian War
  • Political Geography: Iraq, Europe, Turkey, Syria, Idlib
  • Author: Benjamin Tallis, Elena Zhirukhina, Mark Galeotti, Jan Mazač
  • Publication Date: 03-2020
  • Content Type: Policy Brief
  • Institution: Institute of International Relations Prague
  • Abstract: The policy brief is a result of conclusions from roundtable discussions with policy makers and researchers that took place in Prague and Oslo in late 2019 and early 2020. The researchers studied how to better respond to fear factors and move beyond them in foreign policy. A key observation made in the new brief is that while changes in American, Chinese and Russian foreign policies may trigger anxiety and uncertainty among smaller European states, fears like this can also have productive effects on foreign policy thinking and practice. For states like Czechia and Norway, it can create opportunities for re-thinking support networks and reaching out to new partners. While Norway and Czechia have different historical, geographical and (sometimes) political points of departure, the two states’ assessment of recent international developments is similar. This creates room for conversation and mutual learning - including how to best respond to increased levels of rivalry between great powers, and changing dynamics in the EU and NATO. There are also similarities in how Norway and Czechia perceive their regional collaboration with their respective Nordic and Visegrad states – and how there is considerable scope for them to branch out from their regional formats.
  • Topic: International Relations, Foreign Policy, NATO, Regional Cooperation
  • Political Geography: Europe, Norway, Czech Republic
  • Author: Arthur Boutellis, Michael Beary
  • Publication Date: 01-2020
  • Content Type: Policy Brief
  • Institution: International Peace Institute
  • Abstract: Since 2013, after years of near absence from the continent, a number of European countries, along with Canada, have again deployed to UN peacekeeping missions in Africa. The European presence in UN peacekeeping in Africa is now nearly at its largest since the mid-1990s. These countries provide much-needed high-end capabilities, as well as political and financial capital, to UN peacekeeping operations. Nonetheless, securing and sustaining European contributions to these types of peacekeeping operations remains an uphill battle for the UN. This paper draws lessons from this renewed engagement by European countries and Canada, both from their point of view, as well as from that of the UN Secretariat, UN field missions, and other troop contributors. It aims to explore how these bodies and other countries can best work together in a collective endeavor to improve UN peacekeeping’s efficiency and effectiveness. Toward this end, the paper recommends a number of actions to the UN Secretariat: Build peacekeeping operations around first-class medical systems; Focus on improving processes for casualty evacuation; Strengthen the UN’s capacity to foster partnerships among troop-contributing countries; Engage Europe strategically and politically; Be flexible and make European contributors (and others) feel included in planning; Continue educating European contributors about UN peacekeeping; Do not limit engagement with European contributors to high-end capabilities; Ensure European contributors adhere to UN standards; and Encourage European contributors to commit to longer deployments.
  • Topic: United Nations, Peacekeeping, Multilateralism
  • Political Geography: Africa, Europe, Canada
  • Author: Monika Chansoria
  • Publication Date: 01-2020
  • Content Type: Policy Brief
  • Institution: Japan Institute Of International Affairs (JIIA)
  • Abstract: In the last quarter of the 18th century, Warren Hastings, the first de facto Governor General of India from 1774 to 1785 initiated and set up the English East India Company’s relations with Tibet. The first contact in this reference was initiated by the Tibetans, when, upon hearing the news of the defeat of Bhutan’s King Desi Shidariva by the British forces in the battle for Cooch Behar (1772-1774), the Panchen Lama, Palden Yeshe, wrote a historic letter of mediation addressed to the Governor General. Hastings seized the opportunity, and, in his response proposed a general treaty of amity and peace between Bengal and Tibet.
  • Topic: Diplomacy, International Affairs, History, Trade
  • Political Geography: Europe, Asia, England, Tibet
  • Author: Gregory Claeys, Guntram B. Wolff
  • Publication Date: 06-2020
  • Content Type: Policy Brief
  • Institution: Bruegel
  • Abstract: The euro never challenged the US dollar, and its international status declined with the euro crisis. Faced with a US administration willing to use its hegemonic currency to extend its domestic policies beyond its borders, Europe is reflecting on how to promote it currency on the global stage to ensure its autonomy. But promoting a more prominent role for the euro is difficult and involves far-reaching changes to the fabric of the monetary union.
  • Topic: Health, European Union, Currency, COVID-19
  • Political Geography: Europe, Global Focus
  • Author: Dirk Schoenmaker, Svend E. Hougaard Jensen
  • Publication Date: 06-2020
  • Content Type: Policy Brief
  • Institution: Bruegel
  • Abstract: Though outside the euro area, Denmark and Sweden could benefit from joining the European Union’s banking union. It would provide protection in case of any need to resolve at national level a large bank with a Scandinavian footprint, and would mark a choice in favour of more cross-border banking. But joining the banking union would also involve some loss of decision-making power.
  • Topic: Markets, European Union, Economy, Banks
  • Political Geography: Europe, Denmark, Sweden
  • Author: Marek Dabrowski, Marta Dominguez-Jimenez, Georg Zachmann
  • Publication Date: 06-2020
  • Content Type: Policy Brief
  • Institution: Bruegel
  • Abstract: Since the Euromaidan protests (2013-2014), Ukraine has had two presidents and four governments. In a difficult environment of external aggression, they have initiated various reforms aimed at bringing the country closer to the European Union and boosting growth. Progress has been partial and relies on international backing, with limited domestic appetite for reform.
  • Topic: Corruption, Privatization, Foreign Aid, Governance, Reform, European Union, Finance, Macroeconomics
  • Political Geography: Europe, Ukraine
  • Author: Maria Demertzis, Marta Dominguez-Jimenez, Annamaria Lusardi
  • Publication Date: 07-2020
  • Content Type: Policy Brief
  • Institution: Bruegel
  • Abstract: The concept of household financial fragility emerged in the United States after the 2007-2008 financial crisis. It grew out of the need to understand whether households’ lack of capacity to face shocks could itself become a source of financial instability.
  • Topic: Governance, European Union, Finance, Macroeconomics, COVID-19
  • Political Geography: Europe