This installment of the Mediterranean Paper Series focuses on four financially volatile Southern European countries: Italy, Spain, Greece, and Portugal. The authors — all from leading European research centers — examine the effects of the crisis on the domestic and foreign policies of the above mentioned countries. Each author also discusses the repercussions of the crisis on the social and institutional fabric as well as on the European project as a whole. Each country report further analyzes the impact of the current financial predicament on relations with the United States and advances a series of proposals and policy recommendations on how to develop common responses to the crisis while avoiding a negative fall-out on the transatlantic relationship.
