Benn Steil and Paul Swartz's op-ed in the August 19 edition of the Wall Street Journal explains why the Fed must give up control over the setting of the Fed funds rate--or indeed any interest rate--in order to implement its announced exit strategy. But they argue that evidence from the eurozone suggests strongly that the Fed will be unwilling to relinquish control over rates.

Richard N. Haass says, "Even before it began, Europe's moment as a major world power in the twenty-first century looks to be over."

Federiga Bindi, Charles Kupchan, Justin Vaisse write that, "Sarkozy offered a brand of EU leadership that works, reviving the Union...the Obama administration should recognize this for what it is - the stirrings of the more capable and collective European partner that the United States so sorely needs."

This essay analyzes recent political and economic trends in Europe, as European Union member states--and Germany in particular--deprioritize the goal of integration.

This essay examines the state of the European Union post-eurozone crisis, and assesses the European Union's prospects as a model for regional integration efforts around the globe.

This essay assesses the causes and consequences of the renationalization of politics in the European Union.

This essay assesses the need for deeper integration in the European Union, while questioning where the current European leadership has the vision to implement such reforms in the wake of the euro crisis.

This essay examines the historical roots of the eurozone crisis, tracing the roots of ongoing political and economic problems back to agreements that were made around German reunification in 1989.

Massive flight from Middle East and North African turmoil has highlighted immigration problems plaguing the European Union, says Jean-Phillipe Chauzy of the International Organization for Migration. He says the EU must address comprehensive reform and also invest in countries like Tunisia to stem the long-term flow of migration.

Unlike "too big to fail" financial firms, hedge funds spot market bubbles and assume their own losses, says CFR's Sebastian Mallaby.