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Europe after September 11th
report by Edward Bannerman, Steven Everts, Heather Grabbe, Charles Grant and Alasdair Murray, December 2001
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This report argues that many good things have come out of the crisis, so far. The US is re-engaging with the world. The European Union has accelerated its plans to integrate in the fields of external and internal security. It is therefore better able to meet global challenges, and to act as a useful international partner. Under the leadership of Vladimir Putin, Russia has taken a strategic decision to move closer to the West, while NATO is becoming more of a political and less of a military organisation.
press release |
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Heather Grabbe weights up the risks of enlargement against the extra trade, investment and stability that enlargement will provide and argues that the price for the existing members will be small. By 2010, the European Union could cover another third of the map of Europe, with 25 members and nearly half a billion people. It will move from being a rich country club to a continental union. Taking in the ten central European candidates will be the Union's greatest contribution to the continent's stability. |
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| Alasdair Murray look at how the absence of a single market in equities within the EU increases the cost of capital and restricts Europe's ability to close the economic gap with the United States. The creation of a single market in financial services is one of the European Union's great unfinished projects. While Europe has found the will to push ahead with more ambitious schemes, such as the euro, its attempts to liberalise financial services have faltered, hampered by political disagreements and the EU's cumbersome legislative apparatus. |
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| The creation of the single European currency, a revolutionary innovation for the European Union (EU), has provoked tumultuous debate across the continent and beyond. Yet the EU's plans for a common defence policy have - thus far - attracted less attention. These plans are also of revolutionary significance because they could, in the long run, transform the nature of the European Union, its relations with other parts of the world and, in particular, the shape of transatlantic relations. |
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| Russia's President Vladimir Putin is starting to take the EU seriously, as an entity in its own right. But many Russians feel ambiguous about the EU's development, particularly its enlargement into Eastern Europe. In How the EU can help Russia, David Gowan analyses the state of EU-Russia relations and suggests ways in which the two sides can enhance their economic and political ties. |
Hard copy - Out of print |
