Benn Steil's Financial News column explains why the ECB is incapable of taking Fed-size risks to its balance sheet as long as Germany is willing to contemplate its ultimate liquidation.

Experts discuss the economic, political, and social conditions in Europe and analyze what is next for Italy, France, and Germany.

Sebastian Mallaby explains why Germany should pay more to keep the eurozone intact.

Michael Spence says Italy can be saved only if both it and the European Union commit boldly and unconditionally to aggressive action on stabilization and reform.

Greece's new prime minister is seeking crucial parliamentary support for an EU bailout package that will require restructuring its sovereign debt. Economist William Cline says Uruguay's 2003 default offers a constructive model.

Michael Spence and Mohamed El-Erian explain how a fundamental review of the way political decisions are made in the United States and Europe can improve policymaking.

James Cooper outlines the possible effects of European debt crisis contagion on the United States.

Experts reflect on the effects of the economic turmoil in Greece and Italy on the Eurozone and discuss the political dimension in resolving the crisis.

The ongoing eurozone sovereign-debt crisis dominated the G20 summit in Cannes, but there is little the United States and other G20 nations can do to influence EU policymakers, says CFR's Steven Dunaway.

Richard McGregor explains how the eurozone crisis showcases diminished U.S. capacity to lead, as Congress debates how to best support the bail out.

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

EU leaders have agreed to significant moves to address the eurozone sovereign debt crisis that has roiled global markets. But analysts and investors are skeptical of the plan's long-term prospects.

European leaders met in Brussels to craft a comprehensive solution to the eurozone sovereign debt crisis. Sebastian Mallaby, director of CFR's Greenberg Center for Geoeconomic Studies, and Benn Steil, CFR director of international economics, discussed the outcome of the summit, the role of the continent's banks, the Greek debt crisis, and the eurozone's financial rescue fund.

Sebastian Mallaby and Benn Steil consider whether the Eurozone is salvageable.

Eurozone leaders issued this statement regarding the European debt crisis on October 26, 2011 at their summit in Brussels.

The fate of the EU is in doubt as a crucial summit prepares to address the economic crisis. CFR's Charles Kupchan says the union will likely survive and could even grow stronger by creating more capable institutions to oversee the euro.

Political divisions continue to hamper a comprehensive solution to the eurozone sovereign debt crisis. EU leaders are caught between market forces urging greater European fiscal integration and strong nationalist sentiments warning against a loss of political sovereignty.

Benn Steil's column in the October 10th edition of Dow Jones' Financial News takes a critical look at popular European calls for a new "Marshall Plan."

As Greece inches closer to defaulting on its pile of sovereign debt, European leaders must move quickly to recapitalize the continent's exposed banking sector, says EU economics expert Jacob Funk Kirkegaard.

While Greece has failed to meet the budget requirements mandated by the EU and the IMF, experts say eurozone leaders will likely continue to bailout the country because the costs of letting it go are far greater.