Having benefited from the euro at the expense of nations such as Greece, Spain, and Portugal, Germany now has the opportunity to take responsibility for the survival of the Eurozone by sacrificing its current account surplus and allowing debt-laden countries to resume growth.
Although Cannes provided the United States and the broader G20 with an opportunity to rescue Europe from its current economic turmoil, the G20 did not make the tough decisions necessary to end the Eurozone crisis.
Europe's economic and political worries feed into three myths about EU-China relations that should form the basis of discussions at this year’s European Union-China summit in Tianjin.
Beijing’s relationship with Europe is increasingly complex, with a number of economic arrangements that could compromise European ideals.
Although tempting in the short run, a sudden influx of foreign capital into the European Union would raise both unemployment and debt without addressing the root of Europe's economic woes.
Mainstreaming Asia within the strategic thinking of the EU could provide new solutions to global challenges.
The transformation of China into an economic powerhouse will fundamentally alter Beijing’s relationship with the global economy and require far-reaching changes in the global institutional architecture.
The current cycle of globalization could end in a painful period of debt adjustment and payment imbalances across the globe, with a likely slowdown of growth in China, a possible abandonment of the euro, and the risk of increasing U.S. protectionism.
By leveraging Pakistani state support, Lashkar-e-Taiba has become one of the most powerful militant groups in the region.
A more multipolar world could benefit democracy, but rising democracies are hesitant to engage in international democracy support. Encouraging these countries to do more to support democracy abroad should be a priority, but it will not be easy.