The Euro Crisis

On Topic

As governments around the world struggle to balance cutting spending and stimulating their economies, the European Union faces tough decisions on how to support faltering member countries in the eurozone. Brookings experts analyze the complex issues facing the EU and its common currency and the possible ramifications of EU bailout actions on the global economy.

Cypriot Foreign Minister Ioannis Kasoulides talks to reporters in Athens during a news conference following a meeting with his Greek counterpart George Papandreou.

Upcoming Event

Geopolitics in the Eastern Mediterranean: A Cypriot Perspective

May 9, 2013

On May 9, the Center on the United States and Europe at Brookings (CUSE) and the Energy Security Initiative (ESI) will host the Minister of Foreign Affairs of Cyprus Ioannis Kasoulides for a public address. In his remarks, the foreign minister will offer his perspectives on a range of issues that are shaping Cyprus’s role in Europe and across the rapidly evolving Eastern Mediterranean region.

Recent Activity

Refine by: Europe | European Union | Global Financial Crisis | Greece

In the News

The IMF has made a call against austerity with no success.
April 19, 2013, Domenico Lombardi, Los Angeles Times
In the News

The approach that the Europeans have developed to tackle the crisis is essentially one that skews all the possible burden to the country under stress. And this is what the [United States] is most afraid of.
April 9, 2013, Domenico Lombardi, Washington Post
Expert Q & A | Martin S. Indyk and Javier Solana

A World in Turmoil: An Exploration of Issues Affecting Today's Global Order

April 5, 2013, Martin S. Indyk and Javier Solana
In the News

Europe is where the downside lies for the U.S. China is where the upside is.
April 5, 2013, Domenico Lombardi, Bloomberg
In the News

You can't just tax people in terms of their [spending] because you are not going to be able to get that $600 billion. So, the only way to go, the only wealth, was depositors and big despositors that we saw in these three large banks. They're going to have to pay the brunt of this crisis.
April 2, 2013, Bessma Momani , CTV News
In the News

If every country tries to race towards the lowest rate, then in the end nobody gains. If you believe there should be no government at all, then fine. But if you believe some government is good, then you cannot have a system that erodes the tax base in all major countries.
March 28, 2013, Kemal Derviş, New York Times
Interview | GlobalPost

What's the Big Deal about Cyprus?

March 20, 2013, Michael W. Klein
In the News

[The U.S.Treasury’s statement on a resolution for Cyprus's financial crisis shows] concern that the plan [to place a tax on bank deposits] may create instability beyond the borders of Cyprus to the rest of euro zone and even beyond the euro zone. You can read the concern between the lines.
March 18, 2013, Domenico Lombardi, Bloomberg
Expert Q & A | Domenico Lombardi

Italy's Election and the Euro Crisis

February 27, 2013, Domenico Lombardi
In the News

At this stage, the most urgent item [for Italy] is the formation of a new cabinet with a grand coalition in order to carry out the most needed reforms before returning to the polls.
February 25, 2013, Domenico Lombardi, Bloomberg