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At the onset of the euro crisis, a eurozone breakup was inconceivable: assets and liabilities were so intermingled that a breakup would have led to an uncontrollable meltdown. But, as the crisis has progressed, the eurozone financial system has been progressively reoriented along national lines....
Justice will be a long time coming in Syria, but it can begin with a Security Council referral of the situation in that wounded country to the International Criminal Court (ICC) for investigation and, ultimately, prosecution. The obstacles are serious, but the goal is imperative.
In the Horn of Africa – Somalia, Djibouti, Ethiopia, Kenya, South Sudan, and Sudan – some 14.6 million children, women, and men remain without enough food. While to the west, in the Sahel countries of Niger, Chad, Mali, Burkina Faso, and Mauritania, another 14 million are threatened.
Even worse, ther...
With Europe bogged down by the financial crisis and its national governments failing or being voted out of office across the continent, Germany has looked like an island of prosperity and stability. But, having kept Europe’s crisis from Germany’s door, Chancellor Angela Merkel faces a new crisis at ...
Few people, least of all Vladimir Putin, who plans to return to Russia’s presidency on March 4, could have imagined last December the massive anti-government protests gripping the country today. Unfortunately, given the corrupt, clientilist state that Putin has built, this third term in office will ...
As the Republican candidates leave Maine to head to Arizona and Michigan, one topic seems to have escaped their attention entirely: a credible economic cure for what ails the states where they're waging their campaigns for president.
Authoritarian regimes in Russia tend to die not from external blows or domestic insurrections, but rather from a strange internal disease resembling Jean-Paul Sartre's existential nausea. Today, Vladimir Putin’s regime is atrophying from that same strange disease, despite – or because of – the seemi...
Twenty years ago, Soviet President Mikhail Gorbachev resigned, the Soviet Union ended, and Russia began an imperfect transition to democratic capitalism. And yet the recent protests – somewhat similar to those that preceded the Soviet collapse – provide grounds for cautious optimism about the future...
Sustainable development means inclusive economic growth that protects the earth’s vital resources. Yet achieving it will be a matter not only of technology, market incentives, and appropriate regulations; we must embrace sustainable development as a common commitment to decency for all human beings,...
Economic problems constitutes only a part of the eurozone’s troubles. The euro crisis is, above all, a reflection of deep-seated weaknesses in European institutions and the fabric of European society.