The financial and political crisis facing Europe can only be redressed with further eurozone integration that the continent's publics may not be ready for, says CFR's Charles A. Kupchan.

The U.S. financial sector is at risk of eurozone sovereign debt contagion that could potentially undermine the fragile U.S. economic recovery, explains economist Richard H. Clarida.

Greece's political turmoil is spreading fresh economic uncertainty. But it is wrong to assume an automatic exit from the euro or further sovereign debt contagion, says expert Iain Begg.

Charles A. Kupchan argues that the Atlantic alliance is remarkably resilient, but it must now face the urgent challenge of economic and political weakness that has descended upon the West.

Charles A. Kupchan argues that unless the growing gap between governance and governed is resolved, the EU may be headed for fragmentation, if not outright dissolution.

New Prime Minister Mario Monti faces the daunting task of reining in Italy's high public debt. Analysts say he will have to tackle fiscal irresponsibility to rebuild market confidence and prevent the eurozone's third largest economy from defaulting.

New Prime Minister Lucas Papademos faces daunting challenges to rescue Greece's economy. A fiscal collapse, analysts say, will also raise questions over the eurozone's ability to manage debt crises in other struggling European economies.

EU leaders are making plans for a Greek exit from the euro, even as Prime Minister George Papandreou scrambles to garner support for the new EU rescue package and tougher austerity measures.

CFR's Benn Steil discusses the ECB's role and limitations in mitigating the eurozone debt crisis.

Joshua Kurlantzick says Europe is turning to emerging economies to help solve its debt crisis, but it's too bad they can't deliver.

Theresa May discusses UK counterterrorism policy, as well as security cooperation with the United States and other international actors.

Theresa May discusses UK counterterrorism policy, as well as security cooperation with the United States and other international actors.

Though Standard and Poor's ranks Greece as the world's lowest-rated economy, calling into question the eurozone's future, economist Iain Begg says the debt crisis will paradoxically have the effect of deepening EU integration.

European Union Commissioner for Economic and Monetary Affairs Olli Rehn expects negotiations on a new Greek aid plan between the EU, IMF, and Greek government will conclude "in the coming days," ahead of the EU finance ministers' meeting scheduled for June 20.

European Union Commissioner for Economic and Monetary Affairs Olli Rehn says French Finance Minister Christine Lagarde "would make a very good managing director of the IMF for the whole world, not only for Europe." "The European Union and its member states see that Christine Lagarde, the finance minister of France, has very strong professional qualifications and has earned the respect of her peers as the chairperson of the G20," Rehn said.

European politicians are worried about managing fiscal stabilization, but strict spending limits could destroy what little is left of the EU's political legitimacy.

This Wall Street Journal editorial argues that the permanent crisis-management fund will only make permanent crisis more likely.

Mohamed El-Erian, chief executive and co-chief investment officer of PIMCO, writes in the Financial Times that the package of emergency loans to Ireland will not significantly change the economic landscape of Europe.

Stewart M. Patrick argues that the current crisis in the European Union presents an opportunity to overhaul the EU's institutions.

For all the success of German reunification, it left behind fateful seeds that sprouted into the current eurozone crisis. To overcome the current downturn, Europe should finish the job started two decades ago and retrofit the European Union with stronger political institutions, writes Mary Elise Sarotte in Foreign Affairs.