Europe and the reshaped global order / Policy Brief
Europe and the politics of financial crisis
05/09/2009 By Richard Youngs
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| AFP/Getty Images |
The economics of the financial crisis have of course been exhaustively covered. But a year ago many predictions were made that the crisis would also engender a fundamental shift in geopolitics.
A year on, the geopolitical impact has been less significant than many feared. In purely geopolitical terms the crisis has not been a game-changer, but one extremely influential factor amongst many that now condition foreign policy calculations.
The politico-strategic impact of the crisis may still be subterranean, set to percolate to the surface gradually over the longer term.
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Keywords
EU European Union G20Related publications
- External action of the EU in crisis situations
- The financial crisis and EU foreign policy
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Bio author: Richard Youngs
Democracy promotion. EU foreign policy.
