Diplomacy and International Politics

The following is an event write-up about the recent Project on Europe and the Transatlantic Relationship (PETR) seminar on “France’s Global Role in a Changing World Order” co-moderated by Natalie Colbert, Executive Director of the Belfer Center, and Svenja Kirsch, Fellow with PETR, on April 19, 2023.

The following is an event write-up about the recent Future of Diplomacy Project (FDP) seminar on “The Future of Ukraine: Reconstruction, Energy Security, and Innovation” moderated by Ambassador Paula J. Dobriansky, Senior Fellow with the Future of Diplomacy Project. 

Most public discussion this winter reflects a conviction that Ukraine must — and can — win a decisive victory. But what constitutes a win against a country such as Russia? As we consider the road ahead, we cannot escape the brute fact that Putin commands an arsenal of roughly 6,000 nuclear weapons that could kill us all.

The recent ruling of the German Constitutional Court on the ECB was an economic and political bombshell. The deep controversy that resulted – within Germany and on a European scale – illustrates that the ambiguity surrounding the euro area’s legal order and architecture may have reached its limit.

Europe’s momentum in developing a clear-eyed approach toward China has stalled. In March 2019, the European Commission issued a white paper naming China a systemic rival and economic competitor. That publication marked a fundamental shift in how far European institutions were willing to go in raising the challenges China poses to Europe’s openness and prosperity.

Michael Greenwald writes that with the recent change of leadership at the European Central Bank, the euro likely has a bright future ahead.

Washington should adjust its coercive economic strategy to reflect a broader use of tools beyond sanctions. Given the degree of political interference in China’s banking system via formal state ownership and the indirect influence of opaque party committees, penalties imposed against the country’s banks are unlikely to produce a meaningful change in behavior.

Like with the Soviet Union, America once again finds itself in a global competition with Beijing today, albeit with many more consequences for Washington’s financial statecraft.