Neither candidate in France's presidential election has addressed the growth and competitiveness issues underlying the country's economic problems. But failing to grapple with them could be ominous for the entire eurozone.
While the commotion over bond spreads is justified, it diverts attention from the main arena where the survival of the euro will ultimately be decided: the realignment of Europe's peripheral economies toward exports and import substitutes.
There is a growing sense that European leaders have lacked the political will to take the decisive and potentially painful measures that could help resolve the financial crisis.
Coordinated policy and plain luck have propped up the eurozone, but have not decisively addressed the root cause of the euro crisis: diminished competitiveness in the periphery.
As Italian and Spanish spreads on government bonds decline, Europeans are breathing a big sigh of relief. But true recovery requires big structural shifts that will take many years.
Germany has thus far taken the lead in bankrolling and negotiating Europe’s bailout funds, but it remains to be seen if Berlin will play a similar role in tackling tough political reforms as the balance of power in Europe continues to shift.
In its Energy Roadmap 2050, the European Commission maps out its strategy to improve the European Union's energy security and competitiveness while transitioning to a low-carbon energy system.
As the euro crisis wreaks havoc on the cohesion of the European Union and the global economy, Europe faces significant foreign policy challenges, including the escalating conflict in Syria and rising tensions with Iran.
Cities across both the United States and the EU are investing in numerous strategies to reduce carbon emissions from transportation.
After more than sixty mostly successful years of European Union institution building, the euro crisis has suddenly, and terrifyingly, revealed the fragility of European integration.