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Greek Voters Reject Bailout Deal, Greece Still Largely Screwed

Greek European Union Flags

Greek voters rejected the latest bailout package, but that only seems likely to make things even worse for them.

Greek Prime Minister Appears To Concede, But Europe Holds To A Hard Line

Greek European Union Flags

Greece’s Prime Minister seemed to give in to some of Europe’s demands today, but bankers are continuing to hold to the strict conditions they set last week.

Will Iceland Go Loonie?

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Iceland is considering adopting the Canadian dollar as its official currency: Will the loonie soon be flying high in … Iceland? For months, Icelanders have been toying with the idea of ditching the tarnished krona, which has never fully recovered from the collapse of the financial system four years ago. But one of the intriguing […]

The Eurozone Crisis Won’t Just Go Away

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Despite what appear to be the fond hope of European central bankers that it will just all go away, something needs to be done. But what?

Europe: Reason for Optimism?

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While I’ve been skeptical for awhile about whether the Euro can — or should — survive the present crisis, key governments are now starting to address their own budget crises, finally giving some reason for optimism. My New Atlanticist piece, “Euro Crisis:  Light at the End of the Tunnel?” details the reasons for skepticism, including […]

Europe’s War Against The Veil And The Burqa: Liberation, Or Assault On Religious Freedom ?

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Last month, French President Nicolas Sarkozy became the latest European leader to take the lead in an ongoing fight against Muslim women wearing Islamic garb, specifically the full-face veil, or niqba, and the burqa, in public when he promised to introduce a bill that would ban both items in France. But, it’s not just France […]

Europe’s Nadir?

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“It is more than a little ironic that NATO has committed itself to defining a new strategic concept at precisely the moment the transatlantic relationship counts for less than at any time since the 1930s.”  So begins an FT op-ed by CFR president Richard Haass. I assess this argument in “Goodbye to Europe?,” a lengthy […]

OTB Radio – Tonight at 5:30 Eastern

The latest episode of OTB Radio, our BlogTalkRadio program, will record and air live from 5:30-6:30 Eastern. Dave Schuler and I will be joined by our own Chris Lawrence to talk about the UK elections, the Elena Kagan nomination, the trillion dollar Euro bailout and much more. We’ll also be taking calls at (646) 716-7030. […]

Euro Trillion Dollar Bailout: Is Too Much Enough?

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After months of dithering on a Greek bailout that no one thinks will work, European leaders — seemingly out of nowhere — agreed to a €750 billion reserve fund to bolster the Euro. In my New Atlanticist piece, “Trillion Dollar Bet on the Euro,” I round up the expert commentary and wonder whether this stunning […]

The End of the Euro Will Be Blogged

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We haven’t posted much about it here but it’s certainly receiving a lot of attention on the other side of the pond. The ongoing fiscal problems of a number of the members of the European Union—Portugal, Ireland, Italy, Greece, and Spain, not so affectionately being referred to as “the PIIGS”—appear to be reaching the boiling […]