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

European leaders feel they have a right and duty to solve the Israeli-Palestinian conflict.

Rethinking NATO and European Union enlargement

Greece appears to have averted imminent default, but its recovery prospects remain clouded by the severity of its planned austerity measures and the impact cutbacks have already had on its stricken economy.

Another eurozone mini-summit is underway today but investors continue to doubt EU leaders' ability to address the sovereign debt crisis, even as banks face a liquidity crunch.

Will an EU plan requiring all airlines to join its carbon market starting in 2012 spark a trade war and prove financially harmful to a struggling airline industry?

EU leaders are moving forward with a new fiscal compact, but doubts persist over the agreement's legality and its ability to stem the tide of eurozone sovereign debt contagion.

At a Brussels summit, EU leaders agreed to develop a new fiscal union in an effort to preserve the indebted eurozone. Analysts say Britain's decision to opt out of the plan could dramatically reshape the path of European integration.

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.

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.

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.

Investors and financial markets are growing convinced that Greece will default on its debt, heightening fears of a eurozone banking crisis that would have significant ramifications for an already fragile global economy.

The glum economic picture in Europe and the United States has led to a debate on whether or not fiscal spending can stave off recession.

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.

With financial firestorms erupting left and right in Europe, the global credit crisis takes a new dimension. Analysts say it might be time for coordinated interest rate cuts.

EU policymakers debate cutting farm subsidies as legislators on both sides of the Atlantic consider how trade distortions fit into the global food crisis.

The EU’s moratorium on genetically modified foods has ended, but country-specific clashes and possible WTO sanctions still loom.

The EU has added airlines to its greenhouse gas reduction scheme, but the United States and the aviation industry say this violates international law.

An “open skies” agreement between Europe and America could shake up the airline industry and usher in a wave of mergers.