The Failure of the Euro

The euro should now be recognized as an experiment that failed. The political goal of creating a harmonious Europe has also failed

Brussels Agreements Increase German Role in EU

The great economic crisis has given birth to a smaller and tighter monetary union in Europe, under the influence of a Germany that is undergoing a certain estrangement from its European partners. This amounts to a possibly dangerous wager on what the European Union will ultimately become

Stage Set For 2012 Euro Cup Finals

The stage is set for the 2012 Euro Cup following Friday's draw that saw host Poland and Ukraine getting the top draws while Spain placed in a tougher group. Poland was drawn in Group A along with Greece, Russia, and Czech Republic

Europe's Crisis: Beyond Finance

The next crisis will be political, not in the sense of what conventional politician is going to become prime minister, but in the deeper sense of whether Europe's political elite can retain power

Uncertainty Rises as Eurozone Crisis Deepens

With no end in sight for the two-year-old euro crisis, the question now is can the EU survive it while remaining united?

Is Europe Over?

What made Europe a compelling political, economic, and social alternative wedged between Anglo-American free marketeers and Soviet nomenklatura is rapidly becoming a thing of the past

Eurozone Rescue or Recession? Fallout of the October Package

It was short-term good news in that it defused 'the bomb' -- the possible catastrophe vortex of failing banks and defaulting sovereigns. The bad news is that it will induce a recession. Banks will create a credit crunch in trying to meet capital adequacy ratios, and the new austerity will create a fiscal contraction

Euro Zone Rescue: Deja Vu All Over Again

The crisis won't be over until the underlying flaw of the euro is fixed -- namely the separation of monetary and fiscal policy. German public opinion has to realise that the euro was built on imperfect foundations and that these imperfections must be corrected. Meanwhile, the Italian president of the ECB will need all his technical and political expertise to keep the Eurozone together

Better Ways Forward for the European Union

The European Union is presently a source of great instability that leaders have yet to tackle. This column argues the current policy response is misguided. The adjustment programmes are bound to fail to achieve sustainable budget deficits, and may result in an unprecedented destruction of economic activity

Preserving the Past at Europe's Folk Museums

Many people travel across the Atlantic in search of 'Old World' Europe and to witness traditional culture in action. These days, the easiest way to experience traditional culture is by exploring Europe's great open-air folk museums

Multiculturalism and Dutch Political Culture

Since 2010, the Netherlands have been governed by a right-wing coalition, that, under pressure of the populist Freedom Party, is in the process of breaking with a century-long tradition of tolerance. Nowadays, multiculturalism is seen as an evil by the ruling Dutch right-wing coalition

European Union Leaders Reach Deal on Greece, but Worries Remain

European Union leaders have brokered a deal to reduce Greece's debt and hopefully stem the continent's lingering debt crisis. The deal is a major move forward, but it is still only one step in restoring stability on a continent beset by economic woes

EU Leaders Announce New Eurozone Rescue Deal

EU leaders announced a new plan to contain the debt crisis in the euro area, after private banks and investors agreed to write off 50% of Greek debt from their books

Solving A Deadly Eurozone Sovereign Debt Crisis

Time is running out for EU leaders to put an end to the Eurozone crisis. This column explains how leaders could find a definitive solution to Greece insolvency, isolate solvent countries from possible Greek contagion, improve EU governance by creating a true European parliament, and refocus on a pro-growth policy mix

Assessing the Damage of the European Banking Crisis

Europe faces a banking crisis it has not wanted to admit even exists

The Divided States of Europe

It is important to understand that the crisis is not fundamentally about Greece. After all, Greece represents only 2.5 percent of the eurozone's GDP, and the bloc's fiscal numbers are not that bad when looked at in the aggregate. The real crisis is the more fundamental question of how the European continent is to be ruled in the 21st century

Europe U.S. Allies in Europe Begin to Pull Back

Five NATO governments made it known that they want American nuclear weapons removed from their territory. They include the Benelux three, together with Germany and Norway. The five reportedly will ask that all the European NATO governments endorse their position

Can Europe's Divided House Stand?

Conventional wisdom has it that the eurozone cannot have a monetary union without also having a fiscal union. Euro-enthusiasts see the single currency as the first steppingstone toward a broader economic union, which is their dream. Euroskeptics do, too, but they see that endgame as hell -- and would prefer the single currency to be dismantled

France Teetering on Edge of Financial Precipice

France, like all of Europe, is caught in an economic tsunami, and France is teetering at the edge of the precipice. Every week, it seems, presidents and prime ministers hold urgent meetings searching for a solution, culminating with the G-20 convocation recently. Still, the problem grows only worse

Exporters Armed Arab Spring Crackdown

Repressive regimes of the Middle East and North Africa had all the equipment they needed to quash Arab Spring protests, thanks to arms exporters

Dexia Bank's Collapse and the European Financial Crisis

Peter Zeihan discusses the collapse of the Franco-Belgian bank Dexia and examines its effects on the European debt crisis

European Crisis: Precise Solutions in an Imprecise Reality

The plans all are financial solutions to a particular set of financial problems. But regardless of whether they are realistic in addressing the financial problem, the question of whether the financial issue really addresses the fundamental dilemma of Europe -- which is political and geopolitical -- remains

KLM To Power European Flights With Used Cooking Oil

Dutch carrier KLM is set to begin using used cooking oil for some of its flights. The announcement comes less than two years after the airline flew the first biokerosene-fueled passenger flight in Europe