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.
Anti-Germany protests in Athens have highlighted the country's complicated role as de facto leader of Europe while raising concerns about the continent's ability to advance difficult solutions to the sovereign debt crisis.
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.
Ireland's multibillion-dollar bailout failed to alleviate investor jitters about Europe's debt woes. Experts warn about the fallout for eurozone countries, the heavily indebted United States, and the global economic recovery.
Eurozone debt concerns have led to soaring lending rates, which in turn helped roil markets concerned about the EU's ability to overcome its crisis.
The nearly $1 trillion EU bailout plan appears to have achieved immediate aims of restoring confidence in markets, but concerns persist about deeper reforms needed to tackle the region's sovereign debt crisis.
The Russia-Ukraine gas dispute has heightened interest in diversifying EU energy sources. Climate change policies, environmental concerns, and economic hurdles stand in the way.
EU policymakers debate cutting farm subsidies as legislators on both sides of the Atlantic consider how trade distortions fit into the global food crisis.
Some OPEC states say oil should be sold in euros, not dollars. The switch could have a substantial economic impact for oil states and the United States.
The EU’s moratorium on genetically modified foods has ended, but country-specific clashes and possible WTO sanctions still loom.
Turkey’s new president seeks to reinvigorate his country’s efforts to gain EU membership, but major rifts appear to outweigh limited signs of progress.
European efforts to create a common counterterrorism policy continue in fits and starts, with some fearing an erosion of civil rights, and others an uncoordinated system that opens the way for tragedy.
The peculiar resolution to an international standoff with Libya over detained foreign medics may have stemmed from Europe’s need for Libyan energy resources.
An “open skies” agreement between Europe and America could shake up the airline industry and usher in a wave of mergers.
Pope Benedict XVI makes his first visit to a majority Muslim state, Turkey, on November 28. The trip’s original aim was to build ties with Christian Orthodox leaders but the pope’s recent comments on faith, reason, and Islam—as well as Turkey’s EU accession—are likely to resonate throughout.
A year into Ankara’s EU accession bid, the path to membership proves to be strewn with obstacles.
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