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.
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.
Russia is already doing much to help the alliance in its struggle against the Taliban insurgency, yet there is a growing feeling in the West that Moscow could be playing a more decisive role in Afghanistan.
Given the reset in U.S.–Russian relations, the time is ripe for the United States, Europe, and Russia to devise a security architecture for a new century—one capable of maintaining peace and stability on the European continent throughout the years to come.
Experts fear that Yemen is rapidly becoming a center for radicalization and a haven for extremists. At the same time, a confluence of looming domestic challenges threatens to bring the country to its knees, with potentially destabilizing consequences for the region.
As the Euro crisis continues to play out in Greece and other weak Euro area members, the time has come for policy makers to consider moderately raising their inflation targets.
History shows that while leaving the Euro area and defaulting would have disastrous implications for Greece and Euro area, it may become the best of bad options if Greece does not receive adequate support from the EU.
Recent arguments against a withdrawal of U.S. nuclear weapons from Germany are based on anachronistic perceptions regarding NATO’s nuclear weapons capacity, but bring up important points concerning broader implications for nuclear disarmament.
European governments are finding it ever more difficult to convince their constituencies back home that a sustained European presence in Afghanistan is of critical importance to any sort of lasting peace.
In his first major foreign policy address, NATO Secretary General, Anders Fogh Rasmussen, presented the basis for a new strategic partnership with Russia, laying out the specific areas where practical cooperation could be extended.