European governments seem to be having a hard time deciding whether to come together or drift apart at a time of economic uncertainty.Years from now, historians will no doubt say this was a crisis waiting to happen. The people who came up with the idea of a eurozone stopped halfway.
The world's major central banks are so worried about Europe's debt crisis that they are moving to shore up eurozone banks. The troubled banks hold billions in sovereign debt of Greece, Spain, Portugal and other struggling countries.Left unchecked, this crisis could spill over into the U.S. economy.
President Obama's policy of engagement with Russia has paid off in several concrete achievements, including a nuclear arms control agreement and greater cooperation on Iran and Afghanistan.But both supporters and critics of the so-called reset policy worry that further victories will be harder to wi
Up to now, the international tribunals at The Hague have dealt with horrific war crimes and brought Balkan war criminals and African warlords to trial.Now, the tribunal is being asked to investigate top Vatican officials over the global clerical sex abuse scandal, and victims say these offenses meet
Deepening concerns that debt troubled Greece might default and increasingly strident comments by several politicians in Germany about that possibility helped send European markets stocks sharply lower on Monday, raising worries about the sector's health.The Stoxx 50 index of blue chip European share
Within weeks, Europe's spreading debt crisis will force Germany to decide on one of the most critical questions in the continent's postwar history: will currency union be strengthened or weakened?Germany, with the biggest and healthiest economy, has to make the call, and this has prompted a fierce n
Europe's economic problems are having real political consequences.A declining euro and government austerity measures have set off regular rounds of street protests and even riots. Political parties in Portugal and Ireland have been ousted from power this year.