The Eurasian customs union formed by Russia, Belarus, and Kazakhstan in 2010—the largest in the world by territory—is becoming very real.
Although European and Chinese leaders are conscious of the huge benefits of better cooperation, they have yet to find an effective way to work together.
Only if Europe is seen as a strategic player will it be able to contribute to Asia’s security in accordance with its own values.
As the Eurasian customs union’s influence on the world stage and in Europe’s neighborhood is likely to increase, the EU should attempt to understand the project and find ways to protect its own interests.
With the right mix of realism and self-confidence, the EU may be able to pursue a more interests-based and assertive engagement with China and India.
European Union nations are increasingly making their own bilateral deals with China, damaging the unifying efforts of the E.U. trade commissioner.
Germany and China are emphasizing bilateral ties, especially during the euro crisis. But their ever-expanding trade relationship could have a downside.
Redefining relations with China will require economic coordination with Europe, as France opens to Chinese investment while demanding more regulation and transparency from Beijing.
While Beijing's current debt level is not unsustainable, it is difficult to argue that in recent years the level of debt has not risen at an unsustainable pace.
It is important to take a sober look at the time bombs U.S. policy may be planting in Afghanistan, and to engage in rigorous planning to mitigate the potential damage.