Though Italy has exhibited better fiscal management than Greece, its debt level is still higher and its competitiveness has deteriorated just as sharply. To avoid its own sovereign debt crisis, Italy must raise its primary balance, cut labor costs, and enact structural reform.
Neither the expansion of NATO—even if Russia is added—nor the European security pact proposed by Medvedev alone are capable of uniting Europe. What is needed is the creation of a common security zone encompassing all of these states in which war and the use of armed forces would be abolished.
The tragic death of the Polish president might give Poland and Russia a chance to move beyond their historical animosity, but it will still take hard effort on both sides to break away from the past and at long last come to terms with each other.
State-sponsored assassination is on the rise worldwide. Aside from questions of moral justification and legality, political assassination also brings to the fore practical policy considerations, not least the law of unintended consequences.
Western NGO strategies for promoting democracy and human rights in the Arab world contain serious flaws. They treat the diverse Arab world as a homogeneous entity and refrain from working with some of the local organizations that have the greatest impact on the ground in Arab societies.
A less costly and more effective way for the international coalition to overcome the impasse in Afghanistan is a negotiated agreement with the Taliban, which could pave the way for a unity government.
Not only have Sovereign Wealth Funds become a contentious issue for Western policy makers, but their risk/return profile should also be of major concern for the Arab public, since the future economic well-being of Arab societies is at stake.
Chinese production continues to rise faster than domestic consumption, and even if China allows the renminbi to appreciate against the dollar, a rising trade surplus could lead to another increase in tensions.
The Obama administration's Nuclear Posture Review reflects modern reality and gives momentum to President Obama's long-term goal of living in a world without nuclear weapons.
The new START agreement that President Obama and President Medvedev will sign in Prague on April 8 provides concrete and tangible progress in bilateral relations and addresses the biggest existential threat the United States faces—Russia’s nuclear arsenal.
When President Medvedev and President Obama sign the new START agreement in Prague on April 8, they should emphasize their common interest in nuclear disarmament and make the ratification process another step in the positive resetting of relations.
Terrorist threats in Russia require a long-term, consistent strategy. But Russia's system of heavy-handed and unaccountable governance precludes strategic thinking.
The Kremlin’s control over the media may allow Russia’s elites to avoid the immediate consequences of the recent metro bombings, but if the security problem is not resolved, the current authorities will face growing calls for accountability.
The plan recently announced by European leaders to support Greece leaves many questions unanswered, and markets will likely withhold judgment on the agreement until a more credible rescue package is developed.
The March bombings in Moscow have shown that efforts by the Kremlin to quiet the North Caucasus have only made rebel leaders more desperate and more willing to resort to terrorism to achieve their goals.
President Obama should assess whether any other leaders of major countries are seriously prepared to pursue a nuclear-weapon-free world. If some are, he should invite them to join him in detailing a ten-year action plan to minimize the dangers posed by fissile materials and maximize the potential of peaceful nuclear energy.
If European leaders are to avoid sinking deeper into a crisis with unpredictable consequences, they must take urgent and immediate action, not debate far-reaching proposals such as a European Monetary Fund.
Recent arrests of high-profile Afghan Taliban leadership by Pakistan do not indicate a strategic change in Pakistan’s counterterrorism strategy.
Yemen’s secessionist Southern Movement threatens the country’s stability, but a military campaign against it would only further inflame its supporters and increase support for al-Qaeda in the Arabian Peninsula. A political solution is required.
Turkey’s ruling party has an opportunity to free Turkey from a political system heavily influenced by the military and move towards a functioning democracy that could have an enormous impact on the entire region.