Europe is reluctant to develop a substantial military force, because the European project was created in opposition to the idea of power. Yet this stance has become untenable. Europe faces real threats, which France alone cannot... more ››
The euro zone periphery recession will continue in 2013: Fiscal austerity is ongoing; the euro is still too strong; periphery banks have capital shortages and liquidity concerns, and thus are achieving required capital ratios by... more ››
Things couldn't be going worse for Angela Merkel's Christian Democrats. The slim center-left victory in Lower Saxony bodes poorly for the conservative coalition in federal elections this autumn. Now the fight for the Chancellery... more ››