To make it work, the euro will have to become a very different kind of monetary union. Whatever the historic mission, it's not clear that Germans are yet ready - politically, culturally, constitutionally or economically... more ››
For the past two-and-a-half years, European leaders have responded to crisis with half-measures that buy time, yet they have made no use of that time. Now time has run out. more ››
Unlike France and Greece, the election results can't really be read as a reaction against austerity measures. Since Italy currently has a "technocratic" government (a non-political coalition of managerial safe-hands), those... more ››