As a referendum on Scotland's independence looms, the question of the region's place in the United Kingdom has become the most pressing issue in British politics.

As Europe's central bank moves aggressively to staunch the continent's crisis, some critics are asking if it has exceeded its mandate by stepping into the breach left open by elected leaders.

Gregory Bovt writes that Russia is a low priority on the list of foreign policy issues for both Democratic and Republican candidates and advises avoiding excessive anti-Russian or anti-U.S. rhetoric from both sides.

Gideon Rachman comments that while European Central Bank President Mario Draghi's recent promise of "unlimited" purchases of sovereign bonds will help save the beleaguered euro, it will also bring increased political and economic unhappiness in Europe.

Salvatore Rossi, member of the governing board and deputy director general of the Bank of Italy, discusses the Eurozone crisis, the likely European Central Bank response, and the future of the Italian economy.

Wolfgang Münchau writes that despite isolating himself from his peers in the European Central Bank, Jens Weidmann, president of the Deutsche Bundesbank, is actually winning the debate about future ECB policy.

George Soros explains the events that led to the recent bond purchase announcement by the European Central Bank solidifying its commitment to do whatever it takes to save the euro, and discusses the larger political implications this decision will have for the future of the European Union.

Experts analyze the current state of world economies.

This series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies.

Edward Alden says increased internal and external border enforcement as well as economic crisis has decreased the population of unauthorized immigrants in both Europe and the US. Policies should provide incentives to encourage legal migration rather than just disincentives against illegal migration.

As constant threats of a European meltdown continue to impede U.S. economic growth, Obama remains fixated on their economic situation.

The ongoing eurozone debt crisis continues to threaten the future of the single currency, even as European policymakers work to forge a closer political and fiscal union, explains this CFR Issue Guide.

Russia finally joins the WTO, but Charles A. Kupchan says that political tensions between Washington and Moscow still trouble commercial relations between the U.S. and Russia.

Pakistan-U.S. ties have rebounded, but domestic turmoil and looming leadership transitions should command U.S. attention on this vital terrorist frontline, writes CFR's Daniel Markey.

The trial of a punk band in Russia reflects the Putin regime's hard-line opinions on political dissent, and those views are shaping its foreign policy, says CFR's Stephen Sestanovich.

Robert Rubin writes that the ECB would risk losing its credibility and stoking inflation if it did not impose conditionality on its bond-buying program.

Sebastian Mallaby argues that the conditionality of the ECB plan to resume sovereign bond purchases will blunt the intervention's effectiveness.

Elliott Abrams examines the recent upswing of anti-Jewish and anti-Israel activity in Scandinavia.

Amartya Sen writes: "Europe has been extraordinarily important for the world, which has learned so much from it. It can remain globally important by setting its own house in order--economically, politically, and socially. The first step is to understand properly, with some clarity, the policy challenges that Europe faces today. A failure to do so will reverberate far beyond Europe's own borders."

Republican presidential candidate Mitt Romney gave this speech in Warsaw, Poland on July 31, 2012.

Commodities traders are looking to countries beset with internal unrest to make high-risk bets for high rewards.