By European Affairs

Top U.S. financial officials said Wednesday that Europe has made significant progress in surmounting the eurozone crisis. In testimony to Congress, Federal Reserve Chairman Ben Bernake and Treasury Secretary Timothy Geithner expressed cautious optomism about the eurozone outlook and praised the European Central Bank (ECB) for its efforts to inject liquidity into the banking system to maintain financial flows.

Their testimony was the first top level public statement from the Obama administration on the crisis since the EU’s most recent steps to prevent debt default, especially in Greece. According to the New York Times, Geithner said that the European situation is far less worrisome than in late 2011, but still remains a threat to global recovery and to the U.S. economic outlook.


By European Affairs

  • How Automation Shapes the Labor Market AND Political Preferences

    By Thomas Kurer, University of Zurich and Bruno Palier, Sciences Po, Paris

    We do not believe that Brexit, Trump, or the alarming success of radical right parties in almost all European countries should be interpreted as mere “electoral accidents.” Instead, we suggest that the current destructuring of political systems is connected to the profound transformation of labor markets in times of automation. Our core argument is that the specific effects of current technological innovations are key to understanding their political implications.

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UMD Jean Monnet Research Project

The University of Maryland has received a Jean Monnet grant from the EU to conduct a series of policy exchanges between Europe and the US on filling infrastructure needs and the utility of public/private partnerships as the financing mechanism. If interested in participating in or receiving more information about these exchanges, please contact Rye McKenzie (rmckenzi@umd.edu).

New from the Bertelsmann Foundation

The Bertelsmann Foundation is an independent, nonpartisan and nonprofit think tank in Washington, DC with a transatlantic perspective on global challenges.

"Edge of a Precipice" by Nathan Crist

"Newpolitik" by Emily Hruban


Summer Course