Word: cer
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...enshrined ideal. But Sarkozy's protectionist language ripped off the veneer of European unity over the economic crisis. "The French have signaled that they are willing to do things they know are illegal under E.U. law," says Katinka Barysch, Deputy Director at the London-based Centre for European Reform (CER). "But if one E.U. country goes down this route, others will feel they have to follow...
...many people resent seeing billions of tax dollars leak outside the country. But if this 'buy American' clause is adopted, it will make it harder for those in Europe in arguing for markets to stay open," says Simon Tilford, chief economist at the London-based Centre for European Reform (CER) think tank. "Also, after Europe's huge expectations for Obama, there is bound to be a huge disillusion with him if the U.S. goes down this road...
...Today, the Europeans will hopefully focus on what they can do together to increase their energy security," says Katinka Barysch, deputy director of the London-based Centre for European Reform (CER) think tank. "They also need to reinforce their efforts to achieve their 20% energy savings target and explore alternative sources of power, namely renewables and nuclear. If the gas standoff reminds the Europeans of the importance of such measures, Russia and Ukraine will have done the E.U. a favor." Even if that favor was rather chilly...
...even if the E.U. can still honor the spirit of its climate change commitments, they might have to be scaled down, according to Simon Tilford, chief economist at the London-based Centre for European Reform (CER). "It was always going to be tough, but it is now much, much harder," he says. "It would be too pessimistic to say the whole agenda will be derailed. But it is difficult to see how it can be kept on track in its current form...
...what now? The result is unquestionably a crisis for the E.U., which has no obvious way out. The sucker punch of the "no" vote will sap the political will of governments hoping to reform Europe's institutions, said Hugo Brady, from the Centre for European Reform (CER...