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…
Why Draghi’s Stimulus Plan Is Europe’s Last Shot
It looks as if Mario Draghi is at last on the way to earning his nickname. Mr. Whatever It Takes, the European Central Bank’s president, launched his long-awaited quantitative easing program last week. Early indications are promising: The policy that…
Germany’s New Policy Plan Puts the US on Catch Up
It takes a strong nation, as opposed to one that’s merely powerful to rethink the way it conducts its foreign relations. Germany now proves the point, and Americans should sit up straight and take a long look. This is nothing…
For Greece Now, It’s Political and Economic Mess
There’s nothing wrong with buying time if that’s your need. And Greece’s daring new finance minister Yanis Varoufakis got some when he struck a deal in Brussels Friday to extend the European Union’s bailout for four months. The markets greeted…
First Greece, Now Spain: Is Europe in for a Political Earthquake?
It took a mere six days for the election victory of the anti-austerity Syriza party in Greece to start ricocheting around Europe like a stray bullet in a concrete bunker. And already the fight between northern Europe’s austerians and their…
Europe’s Big Choice on How to Beat Militant Islam
We’re now “post-Paris” exactly as we were “post-9.11” 13 autumns ago. And Europeans face the same vital question Americans did then: Militant Islam manifests itself as a crisis in our societies. How will we weight civil liberties and security in…
Why 2015 Will Make or Break a Spate of Global Alliances
U.S., Russia, Iran, China, Europe all face loyalty tests Call it the “Year of Tenuous Ties” as new alliances take shape Obama has to rethink his approach to both Russia and China Last January this column nominated 2014 as “the…
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