President Bush's agenda in Vienna includes Iran, Iraq, Afghanistan and trade. But in a lingering sign of trouble in the decades-old partnership, European leaders, pushed by their electorates, say they'll bring up Guantanamo, Haditha, and U.S. renditions of terrorist suspects too.
A U.S.-EU summit stresses joint resolve in confronting potential nuclear proliferation by Iran and North Korea, but also evinces continued disagreements over trade and America's conduct in the "war on terror."
The debt crisis that has hammered southern Europe since 2010 will have long-lived economic effects, despite the moderation in Spanish and Italian government borrowing costs since the European Central Bank's "Outright Monetary Transactions" initiative last September.
Britain has long been ambivalent about the European Union (EU) and Britons' low regard for the EU has been exacerbated by the euro crisis. British prime minister David Cameron has said two things. There will be a referendum on Europe before the end of 2017. But before that, Cameron promises to renegotiate Britain's relationship with the EU. Putting these two promises together, the referendum may be less important than one might think.
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.
The eurozone, once seen as a crowning achievement in the decades-long path of European integration, is buffeted by a sovereign debt crisis of nations whose membership in the currency union has been poorly policed.
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