Southeastern Europe
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Snapshot,
May 15, 2012
Saudi Arabia and Turkey seemed to come together in recent years over trade, energy, Iran, and, most recently, the revolution in Libya. But the two countries' regional goals -- Sunni hegemony in Saudi Arabia's case and region-wide soft power in Turkey's -- differ too much for friendly ties to last long.
Essay,
May/June
2012
As Europe emerges from economic crisis, a larger challenge remains: finally turning the eurozone into an optimal currency area, with economies similar enough to sustain a single monetary policy. Getting there will be difficult and expensive, but the future of European integration hangs in the balance.
Letter From,
March 21, 2012
After years of cozying up to Middle East dictators, Turkey now urges its neighbors to liberalize -- or risk regime change. But these calls for change will ring hollow unless Turkey gets its own democracy in order.
Snapshot,
March 21, 2012
The Arab Spring created an ideological contest between Ankara and Tehran, and the former seems to be winning. Among other thing, this falling-out undercuts fears that the Justice and Development Party would pull Turkey irrevocably to the East.
Letter From,
December 13, 2011
Before the first World War, Greek cities successfully managed their own affairs. Then modernization brought centralization, which paved the way for the current crisis. Now the country needs to get back to its roots.
Snapshot,
November 15, 2011
The euro crisis is not a simple story of Greek sinners and German saints. In fact, imposing austerity on the eurozone's periphery alone will accomplish little. To save the continent, its richer countries and private investors must share in the sacrifice.
Snapshot,
November 4, 2011
As the European debt crisis grows more unwieldy by the day, the ECB may be the only entity with enough financial firepower -- the ability to bail out debt-ridden countries -- to reassure global markets. Critics argue the Bank should have stepped in as a lender of last resort long ago. Now the pressure is on Draghi to take risks his predecessor refused.
Snapshot,
October 31, 2011
The EU closely watched Bulgaria's recent elections for signs of how the union's ideas fare in its poorest corner. The most important -- centrist democratic liberalism -- is intact. The rest, less so.
Snapshot,
September 15, 2011
The Turkish prime minister's recent tour of Egypt, Tunisia, and Libya was meant to distract from his missteps during the Arab Spring. More importantly, it was aimed at convincing Turks that their country is a powerful regional player.
Snapshot,
August 16, 2011
During the Arab Spring, Obama seemed to outsource much of his Syria policy to Ankara. But with Erdogan having proved unable to convince the Syrian dictator to reform as planned, Obama must now formulate his own plans.
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