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How should Europe respond to sovereign investors
in its defence sector?
policy brief by Clara Marina O'Donnell, September 2010
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A small number of sovereign investors, sometimes originating from non-democratic states, are buying shares in European aerospace and defence companies. Some EU governments have responded by calling for tougher controls on foreign investment in their defence industries. Clara Marina O'Donnell argues that EU countries should not reject sovereign investors in principle. Instead, they should rely on investigative committees to assess the possible risks of sovereign and other foreign investments. And in the long term, EU member-states should co-ordinate their efforts. |
India's response to China's rise
policy brief by Charles Grant, August 2010
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India and China, rising powers in the same part of the world, have much in common – but mistrust each other. Many Indians are nervous about the growth of Chinese power. They worry about China’s military build-up and its alliances with some of India’s neighbours. India’s response has been to strengthen its own economy and to move closer to other countries worried about China, including the US. In this new CER policy brief, Charles Grant assesses the Indian strategy for coping with the rise of China.
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A transatlantic defence market, forever elusive?
policy brief by Clara Marina O'Donnell, July 2010
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| Despite close political and military ties across the Atlantic, defence markets are fragmented by burdensome export controls and government reluctance to buy equipment from abroad. For the US, the current state of affairs is sustainable, although very inefficient. But in Europe, defence budgets have become too small to maintain national industries and the survival of the European defence industrial base is at risk. As the economic crisis forces transatlantic allies to cut defence spending, Clara Marina O’Donnell argues that European governments must stop shielding unsustainable national defence industries. In addition, current EU and US reforms to loosen export controls should be more ambitious and co-ordinated. |
How to reform the Russian economy
policy brief by Sergei Guriev, July 2010
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Russia's economy faces tough medium-term challenges: over-dependence on oil and gas, state-dominated industries and meddlesome bureaucrats. If Russia wants to avoid Brezhnev-era stagnation, it needs audacious reforms. Sergei Guriev argues that the best way to create a pro-reform constituency would be to privatise state-owned companies and make it easier for small businesses to grow. Private entrepreneurs would then lobby for a better business environment. Russia would also benefit from an outside anchor for reforms. However, Russia's ruling elites gain handsomely from the current opaque and skewed economic environment; they have little interest in radical change. |
Germany, the euro and the politics of the bail-out
briefing note by Katinka Barysch, June 2010
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Germany agreed to support its eurozone partners only slowly and reluctantly. Domestic political constraints and Angela Merkel's caution were partly to blame. But underlying shifts in Germany's stance towards the EU mean that any German government will take a more hard-nosed approach to European policy-making. The current rift between Berlin and its European partners needs to be handled carefully. The implications of a more eurosceptic Germany for the future of European integration would be severe.
Deutschland gibt seine Führungsrolle auf
review in German in WirtschaftsWoche, 30 June 2010 |
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Russia and the EU
interview with Charles Grant, RIA Novosti, 31 August 2010
The euro's success requires liberalisation
article by Philip Whyte, Wall Street Journal, 26 August 2010
Der Härtetest kommt erst noch
article in German by Philip Whyte, Handelsblatt, 16 August 2010
EU must co-ordinate its defence needs
Guardian blog by Clara Marina O'Donnell, 15 August 2010
Germany's euro advantage
article by Simon Tilford,
The New York Times, 13 July 2010
Naša zahraničná politika po novom
article in Slovak by Tomas Valasek, SME, 17 June 2010
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