Western Europe
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Snapshot,
May 17, 2012
The eurozone's troubles -- including the possibility of Greece's exit from the union -- no longer qualify as a crisis. What looks like significant instability is really just the slow-motion settling of the continent's new economic order.
Snapshot,
May 15, 2012
Hollande is committed to preserving some of the key achievements of the Mitterrand years. And since the French left is going into the June legislative elections with strong, if not overwhelming, advantages, he will be able to do so.
Snapshot,
May 3, 2012
François Hollande's victory over Nicolas Sarkozy in this weekend's presidential election seems so certain that the French press has already moved on to speculating about the legislative elections that will take place in June. In those, fringe candidates will win some victories, setting the tone for French and European politics.
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 30, 2012
In the first round of voting for the French presidency, fringe candidates are expected to win an inflated share of the votes. Meanwhile, the campaigns of the two real contenders -- Sarkozy and Hollande -- are doing little more than limping along. Unfortunately, absurdist theater doesn't make for good politics.
Snapshot,
March 30, 2012
France's economic floundering has many citizens worried that their children will not have the same opportunities as they did. Unfortunately, neither Sarkozy nor Hollande are offering any reassurances.
A new biography of Cardinal Richelieu shows him to be one of the greatest examples in history of the politician as high-stakes gambler. He may not have created modern France or made it the leading force in Europe, as some argue. But his actions paved the way for his successors to do so, which is no small feat.
Snapshot,
February 23, 2012
Brussels' newfound hawkishness will squander its influence with Tehran and its credibility with the rest of the international community. That will be bad for Europe and even worse for the chances of a peaceful resolution to the Iran impasse.
Letter From,
December 13, 2011
Ireland's economic turnaround in the 1980s is generally credited to fiscal measures similar to the ones other European countries are now implementing. But those policies were painful and won't even work this time.
Snapshot,
November 28, 2011
Markets are reeling because Europe's leaders have only offered up half-measures to resolve the crisis. Not until Brussels, Paris, and Berlin realize the fundamental flaw in their current approach -- a lack of real political and economic integration across the eurozone -- will there be an end in sight.
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