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Map of Europe |
Winter 2000
Leader in Focus
A New Leader for Europe?Prodi on Europe
by Romano Prodi, President of the European CommissionThe European Union is undertaking the biggest expansion in its history. It is as if the United States were to be enlarged to take in Mexico and the whole of Central America. The EU must reform its institutions so that it can function with up to 30 members, at the same time as it forges new common foreign and security policies. It will be a long, difficult, but intensely exciting, process.
European Integration
Europe's Single Currency: One Year OnThe Euro as an International Currency
by Eugenio Domingo Solans, Member of the Executive Board, European Central BankOne year after its launch, the euro has already established itself as the world's second most widely used currency. Its international use is bound to grow, but the EU will not thrust its new currency belligerently on the world economy. There is ample room for two leading currencies - the euro and the dollar - which do not need to be antagonistic to each other.
The Revolution in Europe's Stock Markets: A View from Paris
by Alain Monod-Broca, Advisor to the Chairman, Paris Markets, Inc.New technology in Europe and the United States is enhancing competition, and should eventually lead to a consolidation of the European stock exchanges. Several major exchanges are working to harmonize market rules and to build a pan-European market for the most actively traded securities.
Special Report
NATO and the New EuropeNATO has defied predictions that it would not survive the end of the Cold War, but the Alliance now faces difficult new problems. They include learning the lessons of the crisis in Kosovo, deciding whether to admit more members in Central and Eastern Europe, and adapting to the European Union's new drive to create its own defense identity. In a special report on the Alliance at the beginning of the 21st century, five leading experts assess its chances of successfully meeting these new challenges.
US Leadership Is Still Essential - for Europe Too
by Alexander Vershbow, US Permanent Representative on the North Atlantic CouncilThe United States cannot expect to be a leader, or reap the benefits of a strong Transatlantic partnership, on the cheap.
The Transatlantic Link Remains Vital
by Klaus Naumann (General Ret.), former Chairman of the Alliance's Military CommitteeEurope's efforts to play a greater, joint security role could help reduce the US defense burden, but it is not yet sure that the Europeans will muster the necessary political will.
The Alliance And The EU Must Work Together More Closely
by Jamie Shea, Spokesman and Deputy Director of Information and Press, NATOThere is now, for the first time, a chance of building a European political union that would actually strengthen the Alliance.
Importance of Shared Values in a Successful Half-Century
by Gordon H. Smith (Rep. - Ore.), Chairman, US Senate Foreign Relations Subcommittee on European AffairsIt is still just as important for NATO to defend the West's common values, in today's Europe, as it was during the Cold War.
How Cell Phones Drive Today's Diplomacy
by James Dobbins, Special Assistant to the President and Secretary of State for Kosovo and Dayton ImplementationModern communications technology is quickening the pace of diplomatic initiatives and blurring some of the distinctions between the EU and NATO.
In The News
The Agricultural ChallengeAs agricultural negotiations resume under the aegis of the World Trade Organization in Geneva, three prominent policymakers assess the chances of agreement between the EU and the United States, the key to any meaningful reform of world agriculture.
An American Perspective: Time to Put A Human Face on Farm Trade
by Calvin Dooley, US House of Representatives (D-California)One way forward would be to define farm trade issues in terms of food security.
Two views from Europe: A Need for Better Transatlantic Understanding
by Jean Glavany, French Minister of Agriculture and FisheriesThe role of agriculture in protecting the environment, creating employment and maintaining food quality standards must be taken into account.
Social Role of the European Farmer Must Be Acknowledged
by Karl-Heinz Funke, German Federal Minister of Food, Agriculture, and ForestryEurope must keep up a high level of agricultural production, even if it is not strictly justified economically.
Industry and Technology
Global Energy Policies Must Be Updated for the 21st Century
by James Bond, Director and Chair, Sector Board for Energy, Mining, and Telecommunications, The World BankPolicy makers must resist "the urge and itch" to regulate the energy industry if they are to succeed in ensuring cheap, clean and reliable energy as the global industry enters a period of revolutionary change.
Connecting Through Smart Networks
by Mark Bregman, General Manager, Pervasive Computing Division, IBM Corporation"Pervasive" computing will allow businesses all around the world to extend their reach to millions of new customers. It will change forever the way we think about the Internet and foster the emergence of a new information infrastructure that will be as easy to use as the telephone.
Opinion
Reconstructing the BalkansTen Principles for Balkan Recovery
by Christiaan J. Poortman, Country Director for Bosnia-Herzegovina, and Regional Coordinator for Southeast Europe, Europe and Central Asia Region, The World BankThe reconstruction and development of Southeast Europe presents major opportunities, both for the region and for Europe as a whole. The Balkans must be progressively integrated into the rest of the continent.
Book Reviews
The Future of the Global Economy: Towards a Long Boom? OECD
by Adam M. SmithCapitalism Russian-Style
by Thane GustafsonThe Control Revolution: How the Internet is Putting Individuals in Charge and Changing the World We Know
by Andrew L. Shapiro
Letters to the Editor
Michael Haltzel: EU Must Lead the Post-war Effort in South East Europe
Amy Kaslow: The Balkans, Too, Hope for EU Membership