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Eurozone Jobless Rate Hits Record 12 Percent
The latest labor market report continued to show a wide disparity in the jobless rates throughout the eurozone. More than a quarter of the workforce is unemployed in both Spain and Greece, while in Germany only 5.4 percent are out of work
Europe's Disturbing Precedent in the Cyprus Bailout
What makes this crisis different from the previous European bank bailouts are the conditions the European Union has set. Due to circumstances unique to Cyprus, the European Union, led by Germany, has taken a harder line with the country
A European Bailout Unlike Any Other
The European Union's bailout plan for Cyprus has nothing to do with socialism but rather with much greater stakes. This is the EU attempting to outmaneuver an uncharacteristically flat-footed Vladimir Putin and Russia in a key battleground
Europe, Unemployment and Instability
The global financial crisis has slowly yielded to a global unemployment crisis. This unemployment crisis will give way to a political crisis. The crisis involves all three of the major pillars of the global system -- Europe, China and the United States
Greece: Dangers of the Disaffected and Unemployed
With unemployment in Greece at 27 percent, it is not surprising to see both radical right- and left-wing groups gaining support from those who have become disaffected by the crises. The disenchanted are joining radical parties espousing a wide variety of ideologies
Economists, Greeks Wary of 'No More Austerity'
Many Greeks are welcoming an announcement that further austerity measures to repay Greece's overwhelming debt will not be sought following three years of pay cuts, tax increases and slashed pensions. Prime Minister Antonis Samaras said better times are ahead
Balkans: New Extremism Poses Threat
Emerging extremist organisations in the Balkans are operating alongside existing extremist groups and may try to change the political and legal framework to fit their agendas
Italy's Election: Lighting the Lamp
After years of brutal austerity, collapsing economies, widespread unemployment, and shredding of the social safety net, Italians said 'basta!' Enough!
Date with History: The Peace Palace Opens in The Hague
When the Peace Palace, home to the Permanent Court of Arbitration, opened in 1913, it was hoped it would herald a new era in international relations: one in which force of argument rather than force of arms settled international disputes
Catching the Train Bug in Britain
There is a paradox in the British attitude towards the railways. On the one hand, trains are the great repository of complaints. Indeed, no boss questions employees who site train delay as an excuse. On the other, people just keep flocking on to the lines
Chinese Silk Railroad Ambitions
China has become the world's workshop and Europe has an insatiable appetite for its exports. Most now arrive on giant container ships. But as ports become clogged and delivery times critical, China is once again looking to the old land routes across Asia
Why do once-successful societies ossify and decline? Hundreds of reasons have been adduced for the fall of nations and empires. Reasons run from inflation and excessive spending to resource depletion and enemy invasion, as historians attempt to understand the sudden collapses
Swiss Curb Executive Greed, Will Anyone Follow?
Switzerland just had a referendum in which it voted to give company and bank shareholders veto rights over the salaries, bonuses and overall compensation packages of senior executives and board directors
Military Interventions Rarely Fulfill Their Goals
Military interventions by powerful nations into lesser ones, such as now continues in Mali (and Afghanistan), and is being urged by many into the Syrian civil war, are inherently reckless since even the most powerful states can have the whole project blow up on them
Key Suspect in Soccer Match-Fixing Scandal Arrested in Italy
The Italian police have made a significant breakthrough in the investigation into the global soccer match-fixing network with the arrest of a key suspect behind the alleged rigging of some 680 worldwide matches
Russian officials reported that a meteor hit in the Chelyabinsk region, near the country's Ural Mountains, setting off blasts that injured more than 750 people, mainly by broken glass
United Kingdom Moves Away from the European Project
The United Kingdom could set an attractive precedent as it tries to disentangle itself from European Union affairs. There is a faction within the ruling Conservative Party that believes the UK should abandon the European Union entirely
European Union prosperity has now proved a phantom -- one conjured up by accounting gimmickry and borrowed German money. Neither the EU at large nor most individual European nations can sustain their present rate of redistributionist entitlements
Hollande Proving Himself a Surprisingly Wise Warrior
Socialist French President Francois Hollande is in the pilot's seat in the world's latest military incursion. We're not used to seeing the French lead the way into battle, but it's becoming increasingly frequent
Along with the divide between rich and poor in Europe, another has opened between the mobile and the stationary. This tension between the mobile and the stationary can be creative and not just contentious
Europol Looking into Alleged Match-Fixing
A senior crime fighter revealed that authorities are investigating 680 games across the globe after discovering alleged match-fixing in two Champions Leagues matches
Planning a European Vacation Itinerary
My first move in planning any European trip is to assemble an itinerary. Although it sounds like a chore, it's actually fun: Filling in the blanks between the flight out and the flight home is one of the most pleasurable parts of trip planning
The Bright Side Of Greece: Lower Prices, Fewer Tourists
I keep getting asked if Greece is safe for travelers -- a question that feels absurd the instant you arrive there. Safety concerns have been played up by the international media outlets. Frankly, it's a great time to travel to Greece
Travelers to France find a rich and constantly changing palette of cultural and historic sights. Here's a review of what's new or different in la belle France for 2013
What's New in Great Britain for 2013
Great Britain will likely be taking a deep breath this year as it recovers from a busy summer, when it hosted both the Olympics and Queen Elizabeth's Diamond Jubilee.
What's New in Germany, Hungary, and Austria for 2013
Three countries with a rich heritage -- Germany, Hungary, and Austria -- each have a constantly evolving sightseeing scene. Here's the latest vacation travel ideas for 2013
Europe in 2013: A Year of Decision
This year, Europe needs to confront the political and social consequences of its economic crisis or face disintegration
A borderland is a region where history is constant: Everything is in flux. Turkey, Romania, Moldova, Ukraine and Poland occupy the borderland between Islam, Catholicism and Orthodox Christianity
Great Britain: The Great Power Hangover
Dean Acheson's remark that 'Britain has lost an empire and not yet found a role' was made fifty years ago, in 1962. Ever since, it has been held up as a uniquely pithy summary of the Great British foreign policy dilemma
Scotland: Would Holyrood Pay for Independence in Euros?
Alex Salmond has confidently asserted that, if Scotland becomes independent, it will automatically remain a member of the European Union. This will be a central issue in the Scottish independence debate
Scotland: We'll Take The High Road
Scottish nationalism passed through a romantic period in the Eighties and Nineties, which its leadership enjoyed but now wishes forgotten
It's hard to top Barcelona, Spain's most cosmopolitan and fun city. I love the place, and I'm not alone. However, If you want a break from the crowds, several day trips from Barcelona are tempting scene-changers
Hamburg: Germany at Its Modern Best
Hamburg is Germany's second-largest city and its most important port. Like other great European 'second cities' -- such as Marseille, Glasgow, and Barcelona -- this northern port city has a special pride. Hamburg has a real feel and edgy charm
Europe is Divided Again: This Time It's Creditors vs Debtors
The euro crisis is now threatening to turn the European Union into something fundamentally different. The member countries are divided into two classes -- creditors and debtors -- with the creditors in charge
Britain Must Engage with a Multi-Tier European Union
In place of the drift that we see in Great Britain's relationship with the European Union, British politicians should start to think and act strategically
Russia Struggles to Exert Influence in a Weakened Europe
From an economic perspective, Russia has been unable to avoid the effects of the global financial crisis. From a geopolitical perspective, the position is rather different. Since the crisis began, Russia has taken a number of steps to strengthen its positions in Europe
Europe Loses its Chinese Cheerleader
Wen Jiabao's term as Premier of China will, most commentators presume, come to an end over the next six months as he loses his party and government positions
Congratulations, Europe, on Winning the Nobel Peace Price
The Nobel Committee recently awarded its prestigious top prize to 500 million people who have, for the last 65 years, made a conscious decision to live together in peace and harmony: the European Union
Great Britain, an EU member not part of the euro currency zone, has always kept one foot inside Europe in its dealings. But as the old dating adage goes, you don't dump the chump before you've secured another one
It would seem that we're now at the stage of global economic lunacy where the worldwide socialist slide is so far gone that the president of Russia is lecturing about the risks of socialism
Fear and Loathing on the Streets of Athens
Police officers in body armour surround dark-skinned men on a busy street in Athens. It is a scene that has been playing out across the city since the government crackdown on illegal migration
'All the Choices are Ugly' for Europe
This crisis is existential for Europe. The design flaw of the euro is now manifest. It was a project entirely right in principle but the way it was done ...
Lessons From Our Nordic Friends in the North
The European Union's southern member states have turned the EU into one of the sicker regions of the world. In contrast, Denmark, Finland, Norway and Sweden have stood out by keeping much of their reputation and self-confidence intact
The Nordic Model: Q&A with Håkan Tribell
The Nordic countries have fared better than other parts of Europe during the financial crisis. What is this down to?
Spain: Catalonia and Romantic Nationalism
Catalonia is a region in northeastern Spain that for decades has had a substantial independence movement seeking to break away from the rest of Spain
As Hollande Struggles, So Does the Opposition
France has a double crisis. Its ruling political party, Francois Hollande's Socialist, is in a state of catatonia, usually defined as a condition of incoherence with alternate periods of stupor and activity
Brussels: The Would-Be Capital of Europe
Just as the EU has transformed Europe, it has also transformed Brussels. Brussels today is multicultural, hosting politicians and businesspeople (and immigrants) from around the globe -- and featuring a world of ethnic restaurants
The Queen's English: Brilliant and Baffling
Oscar Wilde once said, 'We have really everything in common with America nowadays, except, of course, language' -- and it's still true. On your first trip to Britain, you'll find plenty of linguistic surprises
Like ghosts from the past, we see political violence, xenophobia, migrants being scapegoated and extreme nationalism creeping into our public debates -- even into our parliaments. This is a Europe diverging from its founding principles
With all the intensity in our domestic and political worlds lately, it's a fine time for an escape -- sunset glinting through the drink in your hand. Let's fantasize about the 10 best seaside bars in Europe
French Favor Obama -- Which Shows They Have Much to Learn
The people of France have spoken on the subject of the U.S. presidential election. Naturally, you couldn't care less about what anyone else (let alone the French) thinks about you or your electoral choices, right?
A Date with History: Germany's 1990 Re-Unification
If the euro crisis is not solved, German reunification may ultimately lead to European disintegration. The connection may seem far-fetched. Reunification was a long time ago
Germany Must Shift from Crisis Agenda to Positive Political Agenda for Europe
Germany and Europe share a common destiny, a destiny requiring Germany to assume a real leadership. Germany cannot disengage from Europe
There is a sense of frustration and impotence in watching the eurozone crisis unfold. The crisis could be dealt in a swift and credible way if leaders were capable of acting with vision and a sense of purpose
Tensions Between Germany and Greece Run Deep
History is not an alibi, but neither is ignorance or indifference to history, from which Germany has richly profited since 1948. Greece was less fortunate
The Art of Cutting the Welfare State
While the Nordic welfare model has demonstrated its strength as a shield against the global financial crisis there were also indications that the model was in urgent need of adjustment
Sweden: No Wonder Wallander's Depressed
Sweden projects an unrealistic image to the world. It is a small country with a thriving cultural export industry that sells whatever the outside world will pay for, which is mostly escapism. Economists call this creativity
Global Governance at Heart of Failed Foreign Policies
Global governance has yet to prove its relevance to any civilization except that of the post-Enlightenment West, and one can question its relevance there. Political identity remains bound to national history -- the fundamental underpinning of sovereignty
Italy has more of Europe's cultural heritage than any other country -- and the Italians are doing a fine job of sharing it with their visitors. Here is the latest, gleaned from my guidebook research for 2013
Turkish Economy Meets EU Entrance Criteria
The crisis Turkey has gone through was similar to what the EU is experiencing now. Banks went bankrupt. People's savings disappeared. Companies closed down. The Turkish economy shrank drastically. That crisis was a very important lesson
Extremist attacks in Poland and elsewhere may follow Europe's worsening political and economic situation
Sleeping Alternatives: Bunking with the Locals
I love the idea of creatively finding a free or cheap bed in Europe. One of the best ways to do that is to stay in someone's home. Sleeping where the locals do can provide some of the richest and most memorable travel experiences
Giroud Goal Helps France Tie Spain in World Cup Qualifying
Substitute forward Olivier Giroud buried a goal in extra time to carry France to a 1-1 draw over defending champion Spain in a qualifying match for the 2014 World Cup
Would a Stronger European Federation Even Help?
Seventeen economically disparate nations bound their fortunes together in creating the euro zone, and it is exactly this that has thrown the European project into crisis
Breakup of Euro Would Be 'Cardiac Arrest' for Europe
Respectable voices are now concluding that the eurozone may no longer be sustainable. In this emergent view, it would be better for Europe to split up now instead of later. But this view goes too far
Breakdown of British Euroscepticism
Next year will mark the 40th anniversary of Britain joining the European community but the odds on it being there a decade from now are lengthening fast
We live within an economic system that is cruel and impersonal, divorced from gratitude, empathy, compassion, love and nurturance
Financial Markets, Politics and the New Reality
There is the idea that political decisions are unpredictable, or less predictable than economic decisions. I would argue that political decisions are predictable
Europe's Best and Worst Travel Destinations
Readers naturally want to know the best, but it's just as important to know the worst. I've pulled together my candid opinions on the best and worst European destinations. Here goes
European Bed and Breakfasts Provide a Place to Call Home
Staying at a European bed-and-breakfast is a bit like having your own temporary mother while you travel. B and Bs are generally small, family-run places with fewer amenities but more character than a hotel
European Union Better Off as Concentric Powers, Not US Imitation
Nearly every step towards total union has revealed still more of the inherent factors of disunity in Europe and has dramatized how distant 'Europe' has become from the simple and lucid ambitions of its origins
Siena Conference Further Evidence of Stalemated Euro Zone
The European Union is at risk of being destroyed by the euro. The credit crisis has created divisions in Europe which are undermining what was supposed to be mutual confidence and solidarity
UK Economy Still in Recession as Decline Extends
For the second straight quarter, the UK economy declined, according to official data released. This raised questions on the austerity policies to lift the economy out of recession
Spain May Need International Bailout
Despite its economic situation, Spain hopes to reassure investors that they do not need to be bailed out like Greece. Spain's borrowing costs are at an all-time high
Greece Hopes Tourism will Rebound Amid Lingering Crisis
Greek officials and businesses are trying to lure back reluctant visitors, amid worries the 2012 tourist season is lost
Spain Tops Italy: Nabs 2nd Straight Euro Championship
Spain reasserted its lofty place in football hierarchy after hammering out a 4-0 victory over Italy in the finals of 2012 Euro Championship at Kiev Olympic Stadium
Euro 2012 Finals Preview: Italy vs Spain
The Italians face the Spaniards in the UEFA Euro 2012 Championship Finals in Kiev, Ukraine. Their first encounter in Group C ended in a 1-1 draw
New Coalition Government Fails to Calm Greek Worries
Conservative leader Antonis Samaras takes the helm of the new Greek government, but faces political -- and popular -- opposition
Greek Elections Yield Pro-Bailout Winner
Driven by fear of being pushed out of the eurozone, Greeks back the same parties who created their economic crisis
The Futility of European Elections
Elections in Greece and France may be further dividing the Continent
Greece Alone and Broke -- Again
The recent indecisive Greek elections could be summed up by two general themes: Greeks want to stay in, and expect help from, the eurozone
Moody's Lowers Outlook for Germany, Two Others from Stable to Negative
Moody's cuts its outlook for three European nations with triple-A ratings -- Germany, the Netherlands and Luxembourg -- as more uncertainty in the euro-zone debt crisis unfolds
Finding Great Art in Europe's Smaller Museums
Europe is filled with many fine little museums that amply reward those who venture beyond the monumental sights
Spain Announces Deep Austerity, New Taxes
Spain's Prime Minister Mariano Rajoy announced that his government will implement 65 billion euros worth of spending cuts in a major effort to reach budget-deficit goals
Two renowned figures suggest that Greek Cyprus' presidency of the EU is an opportunity to correct nearly 40 years of history -- the reunification of Cyprus for the first time since the Turkish invasion of 1974
European Elites Can't Stop Themselves Crashing Their Own Project
Throughout the Euro crisis, the Euro elite has suffered from the same inability to imagine failure that led to August 1914. Even days before the outbreak of war, it was thought impossible because the consequences would end the system
If the eurozone splinters, it will have been an avoidable disaster. The choice lies with Germany, which can save the monetary union if it allows for policies aimed at debt relief and growth, not just slashing deficits
Spanish Austerity Savage to the Point of Sadism
The Spanish bailout is yet another witches brew of cutbacks, layoffs, and austerity
The question of who will be allowed to take on debt, and under what conditions, will determine Europe's future
The Spanish Bank Bailout: Digging a Deeper Hole
Oscar Reyes examines the financial crisis in Spain and discusses how a 100 billion Euro bank bailout will prolong austerity and increase Madrid's debt dependency
Why Angela Merkel Won't Bail Out The Profligate Countries of Europe
With Germany enjoying historic lows in unemployment, why is she resisting calls to open her purse strings to help the eurozone's floundering members? It is worth examining why Germans see things differently
Spain's 10-year Bond Yields Reach Above 7 Percent
After going up as high as 7.108 percent, Spain's 10-year government bond yield finished at 7.06 percent. The rise to the 7 percent level is regarded as unsustainable by many economists
Greece Backtracks on Bailout Deal Changes
Prime Minister Antonis Samaras told Greece's parliament he will adhere to harsh austerity measures demanded by international lenders, in the hope that will lead to renegotiations
Greek Economic Crisis Not Slowing Corruption
Corruption is a way of life in Greece, and even the raging economic crisis cannot stop it
Argentina and Uruguay: Two Roads to Economic Recovery
With financial crises spreading across the globe, lessons from Uruguay and Argentina appear paramount in formulating an alternative method for recession-recovery economics
Other countries have problems, but Greece's are an encyclopedia of bad behavior
Samaras Offers Hope, But is Faced with Uncertainty
Antonis Samaras gets his technocrat-laden cabinet working on the Greek economic crisis while he handles the politics
One of many things left out of the film 'The Iron Lady' was Prime Minister Margaret Thatcher's warnings on the effects a single currency would have on the economies of European nations
How to Stop London from Burning Again this Summer
To mend broken Britain we need to rediscover the Victorian trick of spreading wealth
Enjoying Europe on a Big-Bus Tour
Bus tours are an efficient way to see Europe. A typical tour includes a professional, multilingual guide, a comfy bus, decent hotels with mass-produced comfort, and some meals
Making The Most of Your European Vacation
By being open to differences and staying flexible, I have a better time in Europe -- and so can you. It's not what you spend or pack that makes your trip memorable; it's the state of mind you bring
Europe's Dilemma: Immigration and the Arab Spring
It's time Europe stopped viewing immigrants as a threat to society
Waiting for a European Santa Claus
Voters in France and Greece proved that they're willing to cycle through governments over and over until someone fixes their predicament. They want Santa Claus, as if they were 5 years old again
You can learn a lot about Europe's current economic crises by just ignoring the sophisticated barrage of news analysis and instead watching, listening, and talking to people
Greece's Balkan Inheritance is Heavy
The Balkans are historically apart from Europe for two reasons. This has everything to do with the present crisis of Greece and the future of Greece's membership in -- or perhaps its departure from -- the European Union and its euro zone
Greeks Pushed to the Edge by Austerity Measures
A spike in suicides is blamed on the economic crisis that could also bring down the country
Bailout of Greek Banks Good, But Not Enough
With an 18 billion-euro bailout, Greek banks are now staying afloat. But losses and political instability could easily sink the ship
It's no accident that Greece is the most economically troubled country in the EU. The fact that it is located at Europe's southeastern back door also has something to do with it. For Greece's economic and political development bear marks of a legacy not wholly in the modern West
Austerity Strategy is Fatally Flawed
Economists continue inveighing against austerity strategies. But none of them seem capable of explaining in plain, simple language why imposing austerity now is utterly foolhardy -- in fact, just plain stupid
Whatever one thought of the Libya intervention, the details make for a bad advertisement about NATO. As one U.S. Air Force planner told me, 'It was like Snow White and the 27 dwarfs'
Turkey's Geopolitical Strategy
Turkey provides an interesting case study of a minor country becoming a great power
Turkish TPAO Starts Drilling in Northern Cyprus
The exploitation of the Cyprus' fuel resources may increase chances for rapprochement -- or undermine them
Hollande Beats Sarkozy, Claims French Presidency
Socialist Francois Hollande edged ahead of incumbent Nicolas Sarkozy in a runoff election Sunday to claim the French presidency
French Election's First Round Narrows the Field
The French elections have settled one question, that of the two finalists for the presidency
Why Germany Clings to the Euro
Helmut Schmidt offered perhaps the clearest geopolitical perspective on the currency crisis from a leading German politician
Challenges for Europe's Economic Core: Germany
Among the core economies of the eurozone, Germany is the most important member, but it will face strong political challenges in the coming months
The State of the World: Germany's Strategy
In writing about German strategy, I am raising the possibility that the basic structure of Western Europe since World War II and of Europe as a whole since 1991 is coming to a close
European Economies At Risk - Ireland
Ireland's economic dependence on external partners means its fate is largely out of its hands
European Economies At Risk - Italy
Despite short-term improvements, long-term problems will hamper Italy's efforts to escape its economic crisis
European Economies At Risk - Portugal
Portugal's social and political dynamics likely will allow it to stave off default
Police, Protesters Clash in Spanish General Strike
Spain's labor strike drew tens of thousands of people who marched through streets in major cities to protest the Spanish government's austerity program
Even before the financial sector and sovereign debt crisis began to destabilise Europe's banking system, European leaders were voicing fears that the Old World might be slipping towards global irrelevance
Cold Snap Could Put European Economies in the Deep Freeze
If there's one thing Europe doesn't need, it's more drag on economic growth. Yet that's just what it could be getting, with a fresh dose of snow and frigid weather
Time to Build Bridges Over The Mediterranean
The Mediterranean stands as a dividing line between a prosperous Europe and a poor North Africa at a time when deeper economic ties could provide part of the solution to both crises
Germany's Role in Europe and the European Debt Crisis
Increasingly, the European debt crisis is ceasing to be a Greek or Italian crisis. It is a crisis in the future role Germany will play in Europe
Greece and Germany in War of Words Over Austerity
The old foes -- who are now EU allies -- are bickering over who is to blame for Greece's economic crisis
Greeks Eager to Repair Tarnished Reputation
Greeks around the world are undertaking public relations initiatives to re-establish their homeland's reputation, as well as to boost the morale of its people and confidence in its economy
France: Socialism Bombs Out Again
Once again, socialism has put a silver fork in itself. Standard & Poor's downgraded France's credit rating, giving the country the side-eye on its claims to have its debt under control
In Spain, two new satellite TV stations recently signed on. They won't be airing 'Judge Judy,' but instead are broadcasting Islamic theology and political propaganda
Nearly 10 years ago, Secretary of Defense Donald Rumsfeld provoked outrage by referring to 'Old Europe.' Yet the more things change in Europe, the more they stay the same
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
Council of Europe: The Soft Power Twin
Denis MacShane looks at some of the issues raised by Martyn Bond's book, The Council of Europe: structure, history and issues in European politics
The euro should now be recognized as an experiment that failed. The political goal of creating a harmonious Europe has also failed
German Chancellor Warns Financial Crisis Solution Will Take Years
German Chancellor Angela Merkel has pushed for stronger rules against overspending as the long-term answer to Europe's debt crisis and says the fixes for the eurozone's flaws must be written into changes in the basic EU treaty
United States and Europe Threaten Their Own Energy Independence
Decisions by Europe and America in the past month have pushed away Canada and its oil overtures under the guise of environmentalism -- which is turning out to be the new protectionism. And for what? So America and Europe can explore more 'green-friendly' petroleum deals with unstable Middle Eastern and African regimes?
This time exactly 10 years ago, in December 2001, Argentina was sinking under the weight of its debts and hardly anyone was watching. In Argentina, you could feel the relentless slide towards catastrophe
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
What Happens if Italy's Economy Collapses?
While Europe panicked about Greece, Italy drew closer to the brink of economic ruin. No one was paying attention while Rome was burning. Until recently
Troubled Spain Elects New Leadership
The Spanish people rejected the ruling Socialist government in favor of the center-right Popular Party, electing Mariano Rajoy as the new prime minister and handing the party an absolute majority in parliament. Yet the results of the election highlight the gap between Spain and its southern European brethren
Europe's Crisis and the Radical Right
The severe economic upheaval in Europe has not been matched by a political resurgence of the radical right. Why is this and could it still happen?
Europe's Crisis: Beyond Finance
Everyone is wondering about the next disaster to befall Europe. Italy is one focus; Spain is also a possibility. But these crises are already under way. Instead, 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
All over Europe, the gospel is that tight-fisted Germans are at the root of the European Union meltdown: They worked too hard, saved too much, bought too little and borrowed not at all
France's Geopolitical Strategy
New political leaders do not invent new national strategies. Rather, they adapt enduring national strategies to the moment. And for France, the underlying issue remains constant: France's struggle for a dominant role in Europe at a time of German ascendance
Putin's Evolving Strategy in Europe
Putin's return to the presidency was not unexpected. But it comes as an anti-incumbent trend is developing in Europe. In response to these changes, Putin will have to adjust Russia's approach in Europe
Britain's Geopolitical Strategy
Great Britain has spent the last 20 years defining its place not in the world in general but between continental Europe and the United States in particular
Europe After the Crisis: How to Sustain a Common Currency
Over the past two years, the eurozone members have done a remarkable job managing the short-term symptoms of the crisis, although the costs have been great. Yet the long-term challenge remains
Greek Voters Punish Ruling Parties for Austerity
Enraged Greek voters delivered a stinging rebuke to the two ruling parties that have dominated politics for four decades
The Truth About France's 'Far-Right' Electoral Surge
Are the French getting their Tea Party on? That's what an outsider looking at the country's first-round presidential voting results might have been led to believe
The 'Pretty Woman' Strategy For Political Victory
It's a strategy sometimes seen in politics and in the case of the upcoming French elections, it may well be the winning strategy that determines the country's next president
Tactical Realities of the Toulouse Shootings
Government bureaucracies do not deal well with ambiguity, and terrorists tend to be very ambiguous
Baby Gap: How to Boost Birthrates and Avoid Demographic Decline
Although overpopulation plagues much of the developing world, many developed societies are now suffering from the opposite problem: birthrates so low that each generation is smaller than the previous one
How France's Quiet Man is Upsetting the European Applecart
Thirty-one years ago Francis Mitterrand became the only left-wing president of France's Fifth Republic, and set off on the path of Socialism in one country, with dramatic consequences. The parallels are evident
Toulouse Killings Send Tremors Through French Presidential Election
What had seemed a long, tranquil current of political success that was conveying Francois Hollande to the French presidency has run into turbulence
Terrorist Hijacks French Elections
In France, an Islamic terrorist has likely hijacked the agenda for the remainder of the French presidential race
European Economies At Risk - Spain
Spain is at high risk economically and politically due to private debt, unemployment and increasing social tensions
European Economies At Risk - Greece
Greece's economy has suffered from both the financial crisis and austerity measures meant to resolve the crisis
Enforcing Budgetary Discipline in the Eurozone
Europe's new fiscal compact treaty attempts to force regional reform without challenging sovereignty
France: Sarkozy's Cry for Help
French President Nicolas Sarkozy was elected by promising to modernize France's societal infrastructure and bring it more into line with America's. But then something got in the way: France
Will Any Part of Europe Save Itself?
Socialism and its accompanying economic devastation thrive on complexity and red tape. If something is so simple that anyone can figure it out, then a socialist is being deprived of a livelihood. That's the dragon Europe is now stuck having to slay
Spain: Economic Needs Spur Tensions Between Madrid and the Regions
A new law will give Madrid more control over the budgets of Spain's autonomous regions
Second Bailout May Not be Enough for Greece
Greeks breathe a sigh of relief now, but economists say a day of reckoning still looms
Greek Unrest the Result of Suppressed Democracy
In Greece, opinion is that once again, as in 1917, 1940 and 1947, when, as they are convinced, they were ill-used by the great Western powers, they once again are victims of Western Europe, and especially of Germany
Trans-Atlantic Military Cooperation Gets Complicated
The annual Munich Security Conference is regularly the scene for the complaints of American official and semi-official participants deploring Europe's failure 'to pull its weight' in defense, 'free-riding' on American efforts
The eurozone crisis needs to be contained. If it isn't, a deep European recession could dash the slight upturn in the US economy
Public squares are the heart of Europe's cities. Squares are the perfect venue for coffee-sipping and people-watching. Here are a few of Europe's best
What's New in France and Spain for 2012
While their economies may be undergoing turbulence in 2012, positive changes in France and Spain are also in the air -- making this year a good time to touch down in these essential European destinations
The dominant view has been that the Greek debt is the creation of a clientelistic political system that has historically resulted in a bloated public sector, unable to collect taxes. This is not a serious view
The international monetary system rests on just two currencies: the dollar and the euro. They are essential to global trade and finance. Were they not widely accepted, the global economy could not sustain current levels of international trade and investment.
Globalization and the Threat to the West
Thanks to globalization, a crisis of governability has beset the Western world. The mismatch between the growing demand for good governance and its shrinking supply is one of the gravest challenges facing the West today
Balancing the East, Upgrading the West
The United States' central challenge over the next several decades is to revitalize itself, while promoting a larger West and buttressing a complex balance in the East that can accommodate China's rising global status
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?
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
Balkans: EU Will Help But Countries Must Reform
Leaders in BiH, Kosovo and Serbia must take steps to put their countries on the right track and prevent the region from sliding backwards, EU parliamentarian Doris Pack says
Restructuring Euro Debt and Latin Lessons
Comparing past sovereign restructurings, William R. Cline, a senior fellow at the Peterson Institute for International Economics, says that Uruguay's orderly default in 2003 offers a constructive example for Greece. The tentative Greek plan is similar to the path Uruguay
Why Does America Defend the Weak and Small?
Only the United States seems to have an affinity for protecting tiny, vulnerable countries. Israelis, anti-communist Chinese, Kurds, Greeks and Armenians have a few things in common. They have relatively small populations, aggressive neighbors, few strong allies, many expatriates and refugees in the United States, and a tragic history of persecution and genocide
France Planning Eurozone Breakaway
The current European Union is under threat no longer just from the debt contagion caused by weaker members, but also by plans of more prosperous members to form a breakaway group
Senior Banker Lucas Papademos Named New Greek Prime Minister
Senior banker Lucas Papademos was named to be the new prime minister of an interim Greek unity government that seeks to agree upon a new European debt deal and thwart national bankruptcy for the financially ailing country
Italian Debt Reaches Unsustainable Level
With Italy's debt ballooning to over $1.5 trillion, some leaders are now asking if the country has reached a point of being beyond rescue. The offer by Italian Prime Minister Silvio Berlusconi to resign from his post had failed to slow down the financial turmoil
Elections Could Shift European Union Away from Austerity, But Should They?
The elections in France and Greece seem widely to have been taken, at least on the European and American left, as a solution to the great European economic crisis
The defeat of French President Nicolas Sarkozy in the French elections provides a clear lesson
Why France Elected a Socialist President
The best France can hope for now is that the newly elected Francois Hollande takes a plunge into a pothole of pragmatism and douses any budding socialist ideas
Cyprus Gas Drilling Could be Geopolitical Accident Waiting to Happen
Energy exploration is adding a new wrinkle to the Turkish-Greek rivalry over the island of Cyprus
In Greek Elections, A Campaign of Fear Prevails
Political leaders stick to their scripts amid anger over austerity, uncertainty and the rising right-wing groups
Russia's Geopolitical Strategy
For Russia, the recreation of a union is a strategic geopolitical necessity
More EU Nations Threaten Boycott of Euro 2012 Over Tymoshenko
Several European Union countries said they would join Germany in boycotting the Euro 2012 football tournament unless Ukraine releases former prime minister Yulia Tymoshenko from jail
Why Europe's Double Dip Could Lead to One in United States
A recession in the world's third-largest economy (Europe) combined with the current slowdown in the world's second-largest (China), spells trouble for the world's largest -- the United States
One of the most original thinkers on global strategy and technology discusses the future of the nation state, the focus of British foreign policy and how good can emerge from crisis
Al-Qaeda Warns Britain Against Extraditing Qatada to Jordan
Al-Qaeda has warned Britain against extraditing Islamic radical Abu Qatada to Jordan where he has been convicted in absentia for plotting terrorist attacks in 1998
The market economy model invented and practiced by the West is no longer working. China is the dominant country in the eastern camp in such discussions. So what has caused such anxiety in the West?
Preparing For Your European Adventure
Going to Europe is exciting, but it can be stressful, too. By arranging a few things while you're still at home, you'll greatly increase your chances of having a smooth, enjoyable European vacation
Italy: Visiting Vesuvius and Pompeii
The ancient city of Pompeii -- famously ruined in A.D. 79 when mighty Mount Vesuvius blew its top -- is one of Italy's most popular tourist attractions
China's 'Silk Road' in the Balkans
China is making it way through the Balkans, amidst the economic crisis in Europe.
For all the veneer of the 21st century, the world still looks a lot like it did during the last hundred years and well before that
French Presidential Election Reveals Plenty of Jaded Voters
In France's presidential election the incumbent is running far behind his challenger in a contest that has more to do with personal character than issue
Social Democracy and Europe's Crisis
The financial crisis, the subsequent economic crisis and the crisis in the Eurozone can be seen as both a confirmation of the decline of socialist and social democratic parties as well as an opportunity for them to return to their roots
Don't Expect India to Come to the Rescue
Indians do not have much understanding of European crises. If European woes are the reward for fiscal improvidence, Indian governments should have collapsed long ago
Adventure travel continues to be a major trend in the tourism industry, and while I'm not going to suggest you drop everything to climb the Matterhorn, Europe has plenty of thrills and chills to carbonate a stodgy vacation
Mykonos: A Greek Island Treasure
Mykonos is the classic Greek-island stop and, along with Santorini, it's the most touristy. But being on Mykonos recently reminded me how enduringly charming the Greek islands are
A Royal Treat: Chateaux-Hopping Near Paris
Vaux-le-Vicomte is one of several sumptuous palaces studding the region around Paris. The most famous of these is Versailles. But several other chateaux also make for worthy day trips
How Europe's Crisis Could Hurt the Global Economy
While Greece is at the epicenter of the troubles right now, the economic effects of the European Union crisis could be profound and global
In Greek mythology, the prophetess Cassandra was doomed both to tell the truth and to be ignored. Our modern version is a bankrupt Greece that we seem to discount
Changes Spice Up Northern Europe in 2012
Travelers to Germany, Switzerland, and Scandinavia will encounter their share of renovations, red tape, and reinvigorated neighborhoods and sights this year
2012 could be the make-or-break moment for the embattled eurozone. Europe could either continue on the path of ever-greater integration - or return to being a regional group of rival states.
Cyprus Gas Discovery Raises Political Stakes
The discovery of large quantities of natural gas offshore Cyprus could give a push for ending the decades-long dispute dividing the island. But it could also end up ratcheting up tensions with Turkey
Italian Prime Minister Calls For Unity to Save the Eurozone
Italian Prime Minister Mario Monti announced his new government has plans to get Italy out of its recession while calling on other nations to mount a 'united response' to the eurozone debt crisis
The Double Dilemma Facing Weaker National Economies
At the heart of this particular crisis is the unpleasant fact that the common European currency project is, in its present form, simply not working
Bank of England Warns U.K. Banks that Eurozone Crisis Poses Biggest Threat
The head of the Bank of England issued a strongly worded warning to United Kingdom banks to get their financial houses in order to shield themselves from repercussions from the eurozone credit crisis
Europe, the International System and a Generational Shift
The financial crisis had its greatest impact in Europe, where it is triggering a generational shift. Since 1991, the idea of an integrated Europe has been a driving force of the global economy. Europe also has been presented as an implicit alternative to the United States as the global center of gravity
The Perverse Side Effect of the Euro
We may be looking at the possibility of a worldwide financial meltdown
Europe's Woes Make Their Way Across the Mediterranean
Europe's seemingly intractable financial crisis is threatening to make itself felt across the Mediterranean in the economies of North Africa that can least afford another blow, economists say
Europe's Crisis Is a Global Issue
This burgeoning threat has been framed as a uniquely European problem; one Europeans should ultimately solve. However, this perceived European problem now poses a threat to the economic stability of the entire world
Europe's Economic Measures Too Little Too Late
The euro area has a real-time debt crisis already; the United States has a slow-fuse possible future debt crisis. The euro zone has unnecessarily provoked contagion from Greece to first Ireland and Portugal and now Italy and Spain
Crisis Gratuitously Self-Inflicted
In both Europe and the United States, the current public debt woes are attributable to mistakes made by political leaders going back more than a decade
Europe's Structural Reforms Are Serious
The markets are tumbling, the euro is crumbling, but I'll say it anyway: Europe is doing a better job handling its debt crisis
Europe: Cruising Through the Back Door?
Among European travelers, more and more people are cruising. Of course, cruising is -- in many ways -- an anathema to the 'back door travel' philosophy that I've been preaching for 30 years. But I've learned it can be done thoughtfully and independently
Assessing the Damage of the European Banking Crisis
Europe faces a banking crisis it has not wanted to admit even exists
Global Financial Regulation:
Goal Many Espouse But Can It Be Done?
Calls for a more coordinated system of international financial regulation have been growing as the Occupy Wall Street protests in New York inspire similar demonstrations around the world
Democracy in Revolution: the Mediterranean Moment
By showing us the possibility of democracy in revolution, the Mediterranean has ignited a revolution in democracy, one that is redefining the meaning of both terms
Eurozone exit rules would decrease the probability of a breakup of the Eurozone by enhancing market discipline, increasing the political bargaining power of EZ members vis-a-vis the profligate countries, enhancing internal discipline in the profligate countries, and reducing market uncertainty
Riots and Revolutions in the Digital Age
For the Arab Spring it was Twitter; for the summer riots in London it was BlackBerry Messenger. The latest technology is helping to accelerate 'information cascades', where people make decisions based on what they see other people doing -- and getting away with
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
When Do You Know You Have Crossed a Watershed?
Each age becomes mesmerized by its own technological revolutions, so I am going to focus upon something rather different: indicators of changes which suggest that we are approaching, or may even have crossed, certain historical watersheds in the hard worlds of economics and politics
Behind Europe's Debt Crisis Lurks Another Wall Street Bailout
If you want the real reason for concern in the United States about what's happening in Europe, follow the money. A Greek (or Irish or Spanish or Italian or Portuguese) default would have roughly the same effect on our financial system as the implosion of Lehman Brothers in 2008. That is, financial chaos
Sluggish America Can Still Be a World Leader
A new survey shows that a majority of Europeans want the United States to continue exerting 'strong leadership in world affairs.' One wonders why Europe holds so much faith in America right now when Americans, trapped in a deep national malaise, have so little faith in themselves
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
Recession Fears Fade But Euro Debt Crisis Still Looms
After a shaky start to the third quarter, the economy has found firmer footing, avoiding the double-dip recession that seemed imminent this summer. But don't celebrate just yet -- economists still expect a long, hard slog to a sustained economic recovery
Animal Spirits: Shaping Patterns of Economic Growth
'Birds of a feather flock together,' the old saying goes. So, too, do investors. Increasingly, talk is of a 'double-dip recession', 'Euro zone collapse' and the United States and Europe 'turning into Japan' -- that is, experiencing years of economic stagnation
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
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
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
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
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
Crowds and Constitutions: Insights from Iceland
Iceland's economic meltdown has led to a change in its constitution. This can be a lesson for other countries
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
Slovakia Thumbs Down on Euro Bailout Fund Hike
Slovakia rejected the proposed expansion of the European Financial Stability Facility. The measure was defeated by 21 votes after eight hours of debate by Slovakian parliament members
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
Greek Anger and Greece's Survival
As Greece teeters on the brink of bankruptcy, the simmering resentment by workers, pensioners, the poor and youth for carrying the weight of the country's recovery seems to be boiling over
A Win-Win Strategy for Investors in Greece
This column outlines a 'win-win' strategy for restructuring Greek debt that it argues would minimise the impact of a default and buy Greece and the rest of Europe some precious time
United Kingdom Riots: State of Denial
However kindly you look at it, the United Kingdom's economy is broken and so are significant parts of our society. How worried should we be? Just over twenty years after that infamous 'end of history' and triumph of western capitalism moment, have we now reached the nemesis point?
German Parliament Approves Hike in EU Loan Guarantees
The Bundestag, Germany's Parliament, agreed to increase the country's guarantees on European Union loans to $284 billion from $167 billion
Preparing for Greece's Failure
Peter Zeihan examines the obstacles to Greek prosperity and the challenges in ejecting Greece from the eurozone. Find out why Greece isn't salvageable, and why Europeans need at least 2 trillion euro to kick it out of the eurozone without triggering financial catastrophe
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
Why Care About the French Presidential Race
For most people, the knee-jerk reaction to an event on the other side of the world is, 'Why should I give a toss what happens in France?' While such foreign-policy prowess might be a hit at the local pub, would it really be smart to ignore an election that will impact everything in your life for which you pay or require borrowed money? Bear with me as I explain
Greece's Youth: 'I Have No Hope'
Degrees in hand but no jobs and few prospects, many of Greece's young say they'll reluctantly abandon their near-bankrupt country and look for work and a new life in other countries. Others are just resigned
Was the IMF Program in Iceland Successful?
According to the IMF, Iceland has graduated from its Fund-supported programme with unqualified success. This column begs to differ
Study Estimates 3 Million British Children in Poverty by 2013
The falling standard of living, coupled with the economic slowdown and government reduction of tax breaks and social benefits, will lead to 3 million children in the United Kingdom living in poverty by 2013, the Institute for Fiscal Studies forecast
NATO and Russia: Missile Defense Sticking Point?
NATO, Russia and Missile Defense mark a triangle which contains political promises but also the danger of failure and friction
Russia's Arctic Embrace: Cold War Reloaded
Welcome, world, to 'Cold War Reloaded: The Arctic Frontier.' Time to pull the pin out of the top of that dusty globe you have on your desk and have a look at the battle line of the future -- rife with oil and high-value raw minerals
Cyprus: Waters Roil in Eastern Mediterranean
Once the preserve of fishing boats and yachts, in the space of just a few weeks the serene waters of the Eastern Mediterranean have become a field of contention. As Greek Cyprus begins exploiting its potentially vast gas and oil reserves, Turkey asserts its growing role as a regional power, and a worried Israel is pushing back
Pot Calls Kettle Risky: The Wit and Wisdom of Tim Geithner
Just the other day, Mr. Geithner was solemnly lecturing European policymakers on the dangers of not getting their financial house in order. That's right: The American secretary of the Treasury was telling other governments to beware of out-of-control spending
Why Europe Still Deserves a Place in Your Portfolio
Europe might seem too treacherous for investors just now. The region's broader stock market is down more than 20 percent so far this year. But some asset allocation advisers and fund managers believe there is a place for European exposure in a diverse portfolio that can tolerate at least some level of risk
EC Recommends Serbia Gain EU Candidate Status
The European Commission has recommended Serbia to win EU candidate status, assuring it to grant EU entry to the Balkan state once it makes necessary progress in its relations with Kosovo, which has declared itself as an independent state
European Union Carbon Cap on Airlines Legal
European Court of Justice Advocate General Juliane Kokott ruled that the European Union proposed cap on airlines, which applies even to North American carriers, is legal
Fiscal Union for the Euro: Some Lessons from History
The single European currency is the first of its kind, something that many argue is the root cause of its troubles. The chief lesson, however, from the history of the next best thing, federal states with common currencies, is clear : no bailouts
Despite Austerity Measures Greece Will Still Miss EU Budget Cut Targets
Despite drastically cutting its national budgets for 2011 and 2012, Greece will still miss the targets set by the European Union and the International Monetary Fund. Greece, which adopted the 2012 draft budget, blamed the failure to the worsening recession
