The U.S.-Russia “phony war”: How Washington warmongers could bring us from stalemate to catastrophe
One of two outcomes is likely: Another long Cold War, or a great power conflict. The Ukraine crisis and the attendant confrontation with Russia assume a “phony war” feel these days. As in the perversely calm months between the German…
Iran and Climate Change – Two Global Issues on Obama’s Bucket List
The Iran nuclear accord and the White House’s new plan to cut power-plant emissions, to be unveiled Monday, have but one thing in common. It’s a question, and it’s the biggest now facing this nation: Do Americans want the U.S….
Europe’s Deal with Greece Nearly Splits the Eurozone
Leaders of the eurozone nations put Greeks and other Europeans on urgent notice at a hastily called summit in Brussels late Sunday evening: The group worked through the night and agreed to a new $100 billion bailout with serious reforms…
Greece’s Surprise “No” Vote a Big Defeat for Europe
Two points to grasp about the Greek electorate’s rejection of Europe’s bailout terms in Sunday’s referendum: • Greeks scored a victory for themselves and all Europeans who think the democratic process must stand as the European Union’s paramount principle. •…
To the Brink: Why It’s Time for Greece to Call the Euro Quits
The wind whistling past Alexis Tsipras’s ears must be a deafening howl. The crisis facing the Greek prime minister now mutates by the hour—deteriorating markedly over the past several days. As of Sunday evening Greek time: After emergency meetings with…
Why the E.U. Will Cut a Deal With Greece This Week
You have to be a horseplayer now that the Greek crisis is about to pop: Like any savvy handicapper you hold your main bet in your hand but keep a saver in your pocket. When a European Union summit gathers…
Markets Fear the End Game for Greece as IMF Gives Ukraine a Free Pass
Until a few days ago, the Greek and Ukrainian debt crises looked like twins: Two sovereigns with immense debts, creditors at their throats, looming deadlines, and deep fiscal and economic problems. One of the biggest guns among the creditors is…
Greece, Britain, and the EU: A Tale of Two Exits?
A step at a time over the past seven years, the true victim of financial, economic, social, and now political crisis has emerged. No, it’s not the Greeks, or the Spanish or Portuguese, not the Irish or the Italians: It’s…
The Global Immigration Crisis Is Changing the Face of Europe
A rickety, overcrowded ship sinks in the Mediterranean and the long-festering problem of illegal migrants crossing into southern Europe is suddenly an emergency. The Financial Times calls the human flow into the European Union “one of the most serious challenges…
Why Greece Should Consider a Eurozone ‘Grexit’
Slower than a roller coaster but faster than a glacier, Europe advances toward a denouement on the Greek questions—and there are several at this point. Fearful of the answers, Europeans are doing what they seem to do best, which is…
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