1. Greek prime minister Lucas Papademos and his finance minister Evangelos Venizelos in Brussels, February 20, 2012

    Greek Debt Agreement Met With Cautious Optimism

    Having reduced its gargantuan debt burden, the Greek Government can say, from here, things will get better.

  1. German chancellor Angela Merkel answers questions from reporters on the eve of a European Council summit in Brussels, December 9, 2011

    European Fiscal Compact Could Be Challenged

    Despite Germany’s push for a European fiscal compact, events may trigger a serious deviation from the proposed path.

  1. German chancellor Angela Merkel confers with other northern European leaders and European Commission president José Barroso in Brussels, October 23, 2011

    Europe’s “Comprehensive” Plan Raises More Questions

    The current process, led by Angela Merkel, is a gamble on how long the eurozone can afford to muddle through.

  1. Wolfgang Schäuble, the German finance minister, during a conservative party event in Bensheim, Hessen, March 27, 2011

    Eurobond Issuance Thwarted by German High Court

    A German court decision puts the issuance of Eurobonds on hold but they might have a future after the crisis.

  1. British Prime Minister David Cameron, German Chancellor Angela Merkel and French President Nicolas Sarkozy in Brussels, March 26, 2011 (EFE/Olivier Hoslet)

    Eurobond Faces Major Obstacles

    Joonatan Jakobs explains how a Eurobond would work and why it’s unpopular in the stronger economies of the currency union.