The debt crisis that began in Greece quickly engulfed Europe and now threatens the global recovery and the future of the euro. Despite unprecedented support from the European Union and IMF, the euro crisis is far from over. In this timely collection, Carnegie experts examine the causes of the crisis, provide country case studies, and offer policy recommendations for leaders inside Europe and beyond.
More on the Euro Crisis:
Interactive guide to the debt crisis
Despite its importance, Russia’s perspective on the war in Afghanistan has typically been missing from previous analyses of coalition policy. Dmitri Trenin and Alexey Malashenko explain that Moscow views Afghanistan largely through the prism of security threats to itself and its Central Asian neighborhood.
Yemen’s secessionist Southern Movement threatens the country’s stability, but a military campaign against it would only further inflame its supporters and increase support for al-Qaeda in the Arabian Peninsula, explains Stephen Day. A political solution is required.
More on Yemen:
Yemen: On the Brink series
What Comes Next in Yemen? Al-Qaeda, the Tribes, and State-Building
Yemen: Avoiding a Downward Spiral
Democracy is largely stagnant in the world and a growing number of governments exhibit hostility toward international democracy aid. Thomas Carothers explains that tackling longstanding problems with the basic structures of U.S. democracy aid would boost President Obama’s effort to formulate an approach to democracy promotion. As the largest source of such assistance, USAID is an obvious starting point for deep-reaching reforms.
More on U.S. Democracy Promotion:
Democracy and Human Rights Promotion Under Obama
Discussion on the Challenge of USAID
Stepping Back from Democratic Pessimism
The international coalition’s tactical successes will not defeat the Taliban while Pakistan offers sanctuary, nor can security be “Afghanized” by a government that lacks legitimacy. Gilles Dorronsoro suggests that a negotiated agreement with the Taliban would be a less costly and more effective path forward that could pave the way for a unity government.
More on Afghanistan:
Fixing a Failed Strategy in Afghanistan
Behind Taliban Lines
The tensions between Turkey and Armenia are likely to reach a head by April 24, the date commemorated as Armenian Genocide Day. Thomas de Waal suggests that both parties should take steps to rebuild confidence and affirm their faith in the 2009 Armenian–Turkish Protocols, which offer clear benefits to both Armenia and Turkey.
As middle-income countries recovering from the global financial crisis face high unemployment and growing government deficits, existing social services will become stressed. Alejandro Foxley describes why maintaining these safety nets is a vital part of recovery.
More on Middle-Income Countries:
Market Versus State: Postcrisis Economics in Latin America
Recovery: The Global Financial Crisis and Middle-Income Countries