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 ››
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 ››
Is a Greek departure from the Eurozone imminent? The smart set in the world media seems to have decided overnight that it is, but I'm not so sure. more ››
Although the new French president, Socialist François Hollande, will not introduce great changes in France's European policy, his election may lead to its re-evaluation. Whether he undertakes structural reforms to boost... more ››