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.

Charles A. Kupchan says the European Union may be coming to an end.

German Chancellor Angela Merkel faces dwindling support because of "dithering" on the euro crisis and Germans' opposition to having troops in Afghanistan, says Germany expert William Drozdiak.

In this briefing note, Katinka Barsych examines the shifting relationship between Germany and the EU in the wake of the euro crisis and the ensuing financial aid package.

Mira Kamdar, a senior fellow at the World Policy Institute and an award-winning author, analyzes the rocky relationship between French President Nicolas Sarkozy and German Chancellor Angela Merkel.

Unlike "too big to fail" financial firms, hedge funds spot market bubbles and assume their own losses, says CFR's Sebastian Mallaby.

Richard N. Haass says, "Even before it began, Europe's moment as a major world power in the twenty-first century looks to be over."

Debt restructuring and longer-term eurozone reforms will be needed to contain Europe's sovereign debt problems and restore European stability and prosperity, says CFR's Marc Levinson.