Acrimony among European leaders regarding a new EU budget is indicative of larger challenges the union faces in facilitating further economic integration, says CFR's Sebastian Mallaby.

Sebastian Mallaby argues that the European Central Bank should embrace a weighted-vote governance structure in its plans for a new bank supervisory board.

Sebastian Mallaby considers how economic forecasters should adapt their methods to reflect today's high levels of policy uncertainty.

Nancy Brinker, Founder and Chief Executive Officer of Susan G. Komen for the Cure interviews Hungarian Minister of Foreign Affairs Janos Martonyi on the state of the European Union today.

According to a secret legal opinion for European Union finance ministers, a plan to create a single eurozone banking supervisor is illegal.

The EU's Nobel Peace Prize selection comes as the bloc struggles to resolve its debt crisis. Nevertheless, the EU represents one of the great peacemaking accomplishments of the modern era.

Reuters details the negotiations that led from ECB President Mario Draghi's late-July speech to his recent announcement that the ECB stood ready to buy "unlimited" amounts of bonds by the most troubled euro members.

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.

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.

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

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.

If the eurozone splinters, it will have been an avoidable disaster.

Sebastian Mallaby examines the Spanish experience with countercyclical capital buffers to argue that even the most innovative banking regulations will never take taxpayers completely off the hook when banks go bust.

Michael Spence argues that much of the furor over austerity misses the fact that deficit reduction is only one step on the road to restoring competitiveness, employment, and growth.

Charles A. Kupchan argues that though it is not too late to save the euro, it is growing too late to save the E.U, as restoring confidence in Europe's integration will prove both more decisive and more elusive.

The EU Fiscal Compact, also known as the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, was signed on March 2, 2012 by EU member states except the UK and Czech Republic.

Martin Wolf writes that, if a eurozone breakup is too costly and greater fiscal solidarity is unattainable, faster adjustment is the only route to bring the region back to health.