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How Germany Won the Euro Crisis

And Why Its Gains Could Be Fleeting

Alexander Reisenbichler and Kimberly J. Morgan
How Germany Won the Euro Crisis
German Chancellor Angela Merkel, May 15, 2013. (Reuters)
Although the common wisdom is that Germany's success is the hard-won reward for strict economic management, the country owes much of its good fortune to the eurozone crisis. Immigrants and investors’ cash are flowing into the country from the rest of Europe, in order to escape the dire conditions that Merkel and EU technocrats helped create through their focus on austerity.
News & Events

What's Inside the New Issue

Scott Borgerson on the Arctic; Rick Atkinson on D-Day; Julia Sweig and Michael Bustamante on Cuba; and more.
Essay

Why Drones Work

Daniel Byman
The Obama administration relies on drones for one simple reason: they work. Drone strikes have devastated al Qaeda at little financial cost, at no risk to U.S. forces, and with fewer civilian casualties than many alternative methods would have caused.
Essay

Why Drones Fail

Audrey Kurth Cronin
Drones are not helping to defeat al Qaeda and may be creating sworn enemies out of a sea of local insurgents. Embracing them as the centerpiece of U.S. counterterrorism would be a mistake.