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  • Media Advisory:
    A GERMAN EXIT FROM THE EUROZONE? NOT WORTH IT.

    Benefits of keeping the common currency outweigh costs of withdrawal

    WASHINGTON, DC/GUETERSLOH, GERMANY (April 29, 2013) - Eurozone membership provides Germany with significant economic gains that more than compensate for any advantages from a return to the deutschmark, a new Bertelsmann Foundation-commissioned study calculates. The currency union's benefits remain even if Germany were to retain the euro and take a significant haircut on its loans to four eurozone countries hit hard by financial or fiscal crisis.

  • Looking Beyond the Political Gridlock in Washington and Economic Woe in Europe

    5th annual Bertelsmann Foundation-Financial Times Conference explores options for “re-booting” the global economy

    WASHINGTON, DC (April 18, 2013) The US economy is back to form, but domestic political gridlock, volatile job numbers and shaky financial markets threaten to unravel the recent success story. On the other side of the Atlantic, the eurozone has overcome its existential crisis, but the path to future growth and further fiscal and monetary integration is unclear. And the trans-Atlantic partners could improve their fortunes by seeking closer cooperation on issues such as free trade or global financial governance, according to the participants at the 5th annual Bertelsmann Foundation-Financial Times conference, held in Washington, DC on April 18, 2013.

    “System Upgrade: Time for a Global Economic Re-boot” brought together high-ranking stakeholders from both sides of the Atlantic, among them members of Congress, US government advisors and the finance ministers of France, the Netherlands and Sweden, and the deputy prime minister of Turkey.

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  • Media Advisory:
    TEMPERED OPTIMISM GREETS TTIP

    Bertelsmann Foundation-Atlantic Council survey: Most stakeholders in a Transatlantic Trade and Investment Partnership see modest agreement in force by 2016

    WASHINGTON, DC (April 17, 2013) - A Bertelsmann Foundation-Atlantic Council survey of 120 stakeholders in the Transatlantic Trade and Investment Partnership (TTIP) negotiations reveals that 88 percent believe the US and the European Union (EU) will come to an agreement on expanding their economic ties. But the overwhelming optimism is qualified. Only 37 percent of those surveyed foresee a "broad" agreement; a slight majority of 55 percent forecast a less comprehensive "moderate" pact. The results are included in a 10-page report being released tomorrow at the 5th annual Bertelsmann Foundation-Financial Times conference.

  • Media Advisory:
    NO AAA FOR THE USA

    INCRA sovereign-debt rating AA+: Governance issues put Washington at risk for a downgrade

    WASHINGTON, DC (April 14, 2013) - Ongoing political gridlock and relatively elevated debt ratios have earned the United States a sovereign-debt rating of AA+ rating with a stable outlook, according to the criteria used by INCRA, the Bertelsmann Foundation's proposal for an international non-profit credit rating agency. INCRA's methodology goes beyond traditional macroeconomic data to include qualitative, forward-looking indicators such as the ability to implement reform, and crisis-management capabilities.

  • Media Advisory:
    SYSTEM UPGRADE: TIME FOR AN ECONOMIC RE-BOOT

    Bertelsmann Foundation - Financial Times 5th annual conference on April 18 to focus on economic growth through innovation, global financial governance and the eurozone crisis

    Confirmed speakers include Ali Babacan, Marsha Blackburn, Anders Borg, Mauricio Cárdenas, Jeroen Dijsselbloem, Keith Ellison, Carly Fiorina, Colleen Hanabusa, Pierre Moscovici, Tim Pawlenty, Wolfgang Schäuble, Paul Volcker

    INCRA to present US sovereign-debt rating

    Bertelsmann Foundation-Atlantic Council survey of TTIP stakeholders to be released

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    WASHINGTON, DC (April 5, 2013) - The Bertelsmann Foundation and the Financial Times are again joining forces to bring together a select group of high-ranking international government officials and business and thought leaders for their 5th annual financial conference:

    "System Upgrade: Time for a Global Economic Re-boot"

    This day-long conference will take place Thursday, April 18, 2013 at the Ronald Reagan Building and International Trade Center, 1300 Pennsylvania Avenue, NW, Washington, DC from 8:30am to 4:15pm EDT.

  • Media Advisory:
    USA RANKS LAST IN INTERGENERATIONAL JUSTICE

    American youth face greater economic, social and environmental burdens than their counterparts in other industrialized countries

    WASHINGTON, DC/GUETERSLOH, GERMANY (April 11, 2013) - The United States has the most intergenerationally unjust society among 29 developed nations, a Bertelsmann Foundation study released today concludes. The report, "Intergenerational Justice in Aging Societies", examines most OECD (Organization for Economic Cooperation and Development) countries and their policies that place unfair burdens on future generations or reflect a bias towards older or younger citizens.

  • Can Europe Learn from Latin America?

    WASHINGTON , DC (March 21, 2013) - The Bertelsmann Foundation today presented “Surviving A Debt Crisis: Five Lessons for Europe from Latin America”, a study by Samuel George. The report looks at Latin America during its financial crises in 1982-1989 and 2001-2002 and offers Europe an opportunity to learn from that region’s experiences during those fraught economic times. The paper provides recommendations to prevent a repetition of missteps that would only prolong the problems in the eurozone periphery.

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  • “Good Job, Buddy”

    The Bertelsmann Foundation presents its Field Manual to Europe in Berlin and Brussels

    BERLIN/BRUSSELS (February 1, 2013) - The American ambassador to Germany could not have been more direct in his praise. “Good job, buddy,” he said to Bertelsmann Foundation Transatlantic Relations Director Tyson Barker. Ambassador Philip Murphy was making the introductory remarks at a January 31 panel discussion at the Bertelsmann Repräsentanz in Berlin for the Field Manual to Europe, the Foundation’s interdisciplinary blueprint for advancing the relationship between the US and Europe in the second Obama term. The document, spearheaded by Mr Barker, comprises ten memos, each of which examines a major policy issue and provides recommendations for operational first steps that the new administration should take in 2013 to recast trans-Atlantic relations. The diverse set of topics includes cyber security, cooperation with Russia, the role of post-Afghanistan NATO, Turkey, and coordination on energy and climate-change policy. Each memo can stand alone, but taken together they serve as the building blocks for a new approach to Europe in the age of the rebalance.

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  • "Field Manual to Europe" Released

    WASHINGTON, DC (January 18, 2013) – With a discussion featuring former US Secretary of State Madeleine Albright and former Congressman Vin Weber (R-MN), the Bertelsmann Foundation unveiled its trans-Atlantic strategy document for the second Obama administration on January 17 to an overflow crowd at Washington, DC’s Hay-Adams Hotel. Bertelsmann Foundation Executive Director Annette Heuser moderated the event.

    The Field Manual to Europe addresses a wide range of issues confronting Washington and European capitals, both in their relationship with each other and the rest of the world. The document is highly interdisciplinary, comprising ten memos, each of which examines a major policy issue and provides recommendations for operational first steps that the new administration should take in 2013 to recast the US relationship with Europe. The diverse set of topics includes cyber security, cooperation with Russia, the role of post-Afghanistan NATO, Turkey, and coordination on energy and climate-change policy. Each memo can stand alone, but taken together they serve as the building blocks for a new approach to Europe in the age of the rebalance. Bertelsmann Foundation Transatlantic Relations Director Tyson Barker oversaw the Field Manual’s writing and production.

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  • Media Advisory:
    A "STEADY HAND" POLICY: NEW OBAMA ADMINISTRATION NEEDS CONTINUOUS ENGAGEMENT AND AN ECONOMIC COMPACT WITH EUROPE

    Bertelsmann Foundation today releases a "Field Manual to Europe" with Madeleine Albright and Vin Weber

    WASHINGTON, DC (January 17, 2013) - The second Obama administration must acknowledge that Europe remains simultaneously a partner and a challenge to US foreign policy, a new Bertelsmann Foundation publication concludes. The "Field Manual to Europe" warns that Europe is not "solved" and calls on Washington to confront this foreign- and economic-policy challenge by replacing the occasional trans-Atlantic cooperation that occurs in moments of crisis with constant consultation, or a "steady hand", on the myriad issues that face the trans-Atlantic partners. The "Field Manual to Europe" also urges the US to kick-start a closer relationship with Europe by initiating a concrete project to spur economic growth—a new, trans-Atlantic economic compact. For its part, Europe should recognize the US stake in the EU's ongoing integration process.

    The "Field Manual to Europe" is being presented today in a discussion on trans-Atlantic relations led by former US Secretary of State Madeleine Albright and former Congressman Vin Weber.

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