Though the eight newest EU are committed to eventually adopting the euro, they all already suffer from the problems that dragged Greece into crisis, suggesting that none of them are ready to join the Euro area yet.
As the number of countries with the ambition to play a role in world affairs increases, Washington must decide whether to deal with them as legitimate global players or treat them as meddlers to be dismissed.
The formation of a new Iraqi government may still be months away, not because the issues to be negotiated will take time, but because serious negotiations do not appear to have started yet.
While President Obama’s landmark speech in Cairo called for a new beginning in America’s relations with the Muslim world and created fresh hope for better relations, the results are not yet apparent on the ground.
Russia’s engagement with the United States on Iran’s nuclear ambitions has not changed significantly since 2007, in spite of the Obama administration’s emphasis on the success of the ‘reset.’
China’s steps to limit the damage from the Greek crisis will necessarily shift the brunt of the economic adjustment to other countries, unless the major trading powers can reach a burden-sharing agreement.
Turkey is an increasingly important player in the Middle East. It has embraced modern economic realities and has created a space for the coexistence of democracy, secularism, Islam, science, individuality, and community all in the same society.
Despite an unfavorable domestic political environment, the United States urgently needs to adopt new climate and energy policies in order to reduce its dependency on oil and maintain its leadership in the global economy.
Twelve years after defaulting on its debt, Russian policy makers are again facing difficult choices regarding public spending. With debt remaining at relatively low levels, however, the government should focus on economic recovery, not deficit reduction.
The countries of the Maghreb need to shape their policies and programs in order to diversify their trade and financial partners and sever the ties that bind them to the fate of the European economy.
Lifting visa requirements on travel from Russia to the European Union is likely to bring Russian citizens further into the institutional, normative, and cultural pathways of Europe.
The agreement reached by Iran, Turkey, and Brazil to ship ship some of Iran's low-enriched uranium to Turkey is similar to the nuclear fuel deal negotiated last year, but Iran's nuclear capabilities have since progressed and the new agreement may not satisfy the United States and its allies.
The economies of the United States and Europe are tightly linked via trade, investment, and financial markets. If the Euro crisis spreads, U.S. banking and export sectors will suffer.
Russia’s energy reserves can be conserved through available, cost-effective measures, which will lead to a more competitive economy, more jobs, and increased national income.
While the United States has no choice but to deal with Karzai, the Afghan leader’s power is falling and the coalition’s military strategy is at an impasse.
Europe’s massive rescue package has bought time for its most troubled economies, but, unless these countries move forward with necessary—and deeply unpopular—reforms, the newly available money will do little to save them.
Armenia suspended the process of normalization with Turkey in April, dealing a blow to an agreement designed to open the closed Armenia–Turkey border after almost a century of hostility between the nations.
Most Europeans rank Yemen low on their list of priorities. Yet the country threatens their interests more than they recognize, and they can do more about it than they might think.
The Turkish government’s 2009 initiative toward its Kurdish minority was both a major development in the long saga of Turkey’s relations with its Kurds and a testament to the distance the Turkish government has traveled in its policy toward Iraq.
Conditioning Japanese nuclear cooperation with India on India's nuclear testing restraint would be a reasonable compromise among Japanese interests and among those of its foreign nuclear partners and India, and a significant gain over the status quo.