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vii FOREWORD A decade ago, foreign policy ambition was everywhere in Europe. The European Union (EU) had recovered from the internal rifts caused by the 2003 Iraq war, and great aspirations had grown out of the conviction that such a show of weakness should never happen again. Ten years later, the optimism is gone. For half a decade now, the EU has been teetering on the verge of economic collapse due to the eurozone crisis. The idea of a more unified foreign policy role for the EU now appears outlandish , even laughable. Worst of all, to many it seems utterly undesirable. Europe’s ambition to be a key player in a multipolar, multilateral global order may not be completely dead, but it has been relegated to the lower end of the list of its priorities. And the EU’s agony has an impact outside Europe as well. The way the eurozone crisis plays out is of enormous economic and strategic importance to the EU’s partners around the world. In Washington, policymakers worry about the potential implosion of what is still an essential foreign policy partner for the United States. At a time when the map of global power is being redrawn, a weaker and more inward-looking Europe would be of utmost concern. “The crisis,” as everybody calls it now, has been the subject of a great deal of analysis. But so far there has been no systematic attempt to examine its international impact. In this book, Carnegie Senior Associate Richard Youngs offers a unique connection between the crisis and the EU’s global presence. In doing so, he uncovers trends that will have a profound impact on the future of the emerging international order. viii FOREWORD This is Richard Youngs’s first book for Carnegie Europe. Richard joined us in summer 2013 with an established profile as one of the leading scholars of EU affairs. He is uniquely placed to provide this first assessment of the global implications of the eurozone crisis. As part of offering insightful commentary and policy recommendations under Carnegie’s Strategic Europe banner, we have been asking the big questions about Europe’s external footprint. By providing essential analysis on the critical issue of the EU’s global role in the wake of the eurozone crisis, this book will lift Carnegie Europe’s endeavor to a new level. I am proud to publish this welcome and fresh perspective on Europe’s rapidly evolving place in the international arena. —Jan Techau Director Carnegie Europe ...

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