Berlusconi Plans to Save Italy, Could Save Monti
The former prime minister wants to reclaim his office. He could end up rescuing his successor.
Europe
Britain Lost Its Chance to Be Europe’s Balancer
David Cameron had his chance to weaken the Franco-German axis and blew it.
Spain’s Rajoy Announces More Cuts, Tax Increases
The Spanish leader unveils “necessary” austerity measures to bring spending in line with revenue.
Americans, Natural Gas: Pillars of Dutch Foreign Policy
The Netherlands need the United States to provide a counterweight to Germany.
Spain Trying to Tax Its Way Out of Recession
Spain sacrifices long term economic progress to short term deficit reduction.
Foreign Policy is Rarely a Zero-Sum Game
America and Britain cannot vilify the Russians over Syria without jeopardizing their support elsewhere.
France’s Ayrault Promises Tax Hikes, No Spending Cuts
France’s new prime minister announces income and corporate tax increases, but he rejects austerity.
Finland, Netherlands Block Bailout Fund Expansion
The two countries will not allow the direct financing of other eurozone states’ debts.
Milošević Loyalists Form Pro-Russian Coalition in Serbia
Nationalists and Socialists form a coalition government in Serbia headed by former Milošević allies.
Berlin Concerned About Merkel’s “Concessions”
German lawmakers are unhappy about the concessions Angela Merkel made to Italy and Spain.
Ahead of Key Euro Summit, Germany Losing Allies
Northern countries fear Berlin will succumb to French, Italian and Spanish pressure.
Merkel Says Eurobonds “False, Counterproductive”
The German leader says Europe will not have a shared debt liability, “as long as I live.”
Greeks Seek Easing of Bailout Terms, Germans Wary
Greece’s ruling parties want more time to reduce the nation’s budget shortfall.
Europe Should Look West for Natural Gas
Asia may be a more profitable market for American gas exports, but European trade offers stability.
The Suspense is Killing Western Economies
It’s not a lack of stimulus that is holding the recovery back. It’s the uncertainty, stupid!