The Latest
NATO Is Still Vital After 70 Years
The Cold War–era alliance faces new challenges and squabbles, but it is still holding together
How the European Union Corrupted Eastern Europe
Editor’s note: The results of the European Union elections are in, and parties opposed to further European integration or the eurozone or the European Union membership full-stop made stunning gains ...
The Arab Spring Needs Economic Freedom
For most Egyptians, the revolution that overthrew Hosni Mubarak was driven as much by poverty and lack of economic opportunity as it was by anger over unaccountable and authoritarian government. ...
The European Central Bank Goes to Court
Last week, Germany’s Federal Constitutional Court concluded public hearings in Karlsruhe on the European Central Bank’s (ECB’s) program of bond purchases from shaky eurozone member nations. The court ranks among ...
Europe’s Bogus Bonus Caps
Last week, the finance ministers of the euro-zone countries voted to limit bankers’ bonuses. It’s not difficult to understand the motives here. Investment bankers have had it easy in this ...
Living in a Parallel Universe
The crisis raging in the Eurozone reminds one of an old Soviet-era joke: “The future is known, it’s the past that is always changing.” To European leaders in 2012, what ...
Austerity: Not Just How Much but How
If you listen to those on the political left, you will think that the ongoing meltdown in the euro zone proves that spending cuts are driving the world into another ...
The Greek Tragedy Continues
Those of us who wish that the euro be brought to an end before too many people get hurt are likely to be disappointed, because European politicians refuse to admit ...
Greece’s Overdue Default
Greek prime minister George Papandreou’s announcement that the country will hold a referendum on the European rescue deal came as an unpleasant surprise to many. Jean-Claude Juncker, chairman of an ...