Labour Party’s Got Deeper Problems Than Miliband
Ed Miliband’s predicament is reflective of the Labour Party’s ideological divide.
Europe
Belgian Government Takes Office, Credit Rating Cut
Moody’s calls Belgium’s creditworthiness into question.
There is No Political Solution to Europe’s Debt Crisis
Europe’s sovereign debt crisis isn’t coming to an end until its political class recognizes that a recession is unavoidable.
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.
Did David Cameron Do “Bad Deal” on Europe?
The Conservative leader should unite countries outside the European currency union.
Cameron Insists Britain Still “Full Member” of EU
The prime minister defends his veto of a European treaty revision.
Euro Leaders Stumble, Central Bank Quiet Savior
Without a convincing political plan for short term relief, the European Central Bank continues to buy peripheral bonds.
Italy’s Monti Defends New Austerity Measures
The prime minister warns that “the survival of the common currency” could be at risk if Italy doesn’t reform.
IMF to Save Italy, Spain from Default?
Northern resistance to fiscal union may necessitate a bigger role for the IMF in the euro crisis.
The Two-Edged Stimulus Britain Can’t Afford
David Cameron recognizes the folly of stimulus, but the Bank of England is driving up inflation.
Belgium Struggles to Form New Government
A year and half, Belgium has been without a government. Budgetary and economic reforms necessary to stir growth are stalled.
Spain’s Conservatives Claim Historic Election Win
The opposition People’s Party will replace the socialist administration of Prime Minister Zapatero.
How David Cameron Can Save the Eurozone
If the British leader throws his support behind German rules, France will be isolated.
A Tale of Two Italies
The European debt crisis has exacerbated the north-side divide that has characterized Italy since unification.
Portugal’s Despondency Likely to Endure
Portugal’s economic prospects are dire because the nation’s political system isn’t prepared to reform.