Europe

Foreign Affairs Article

Germany's Real Role in the Ukraine Crisis

Authors: Elizabeth Pond and Hans Kundnani

In his discussion of German foreign policy’s supposed drift eastward, Hans Kundnani (“Leaving the West Behind,” January/February 2015) suggests that Germany has resisted imposing sanctions on Russia over its undeclared war with Ukraine—a sign, in his view, that Germany might once again desert the West in a flirtation with Russia.

See more in Germany; Ukraine; Sanctions

Foreign Affairs Article

The Nordic Model

Author: Niklas Zennstrom

A native of Jarfalla, Sweden, Niklas Zennstrom studied business, engineering physics, and computer science at Uppsala University and the University of Michigan. In the mid-1990s, while heading up the Danish division of the Swedish telecommunications firm Tele2, he hired Janus Friis to run customer support, and soon the two of them decided to collaborate as entrepreneurs.

See more in Europe; Innovation

Foreign Affairs Article

The G-Word

Author: Thomas de Waal

One hundred years ago this April, the Ottoman Empire began a brutal campaign of deporting and destroying its ethnic Armenian community, whom it accused of supporting Russia, a World War I enemy. More than a million Armenians died.

See more in Armenia; Genocide

Foreign Affairs Article

Nuclear Waste

Authors: James Blackwell and Barry Blechman

Barry Blechman and Russell Rumbaugh (“Bombs Away,” July/August 2014) have revived an old argument: U.S. tactical nuclear weapons are militarily useless, and so there is no reason for Washington to keep them in Europe.

See more in Europe; Defense and Security

Foreign Affairs Article

Misrule of the Few

Author: Pavlos Eleftheriadis

Just a few years ago, Greece came perilously close to defaulting on its debts and exiting the eurozone. Today, thanks to the largest sovereign bailout in history, the country’s economy is showing new signs of life.

See more in Greece; Economics

Foreign Affairs Article

Taper Trouble

Author: Benn Steil

Benn Steil's essay in the July/August issue of Foreign Affairs looks at the international consequences of U.S. monetary policy action. He argues that developing-nation governments are coming to see the need for engineering current-account surpluses and large dollar-reserve stockpiles as a means of insulating themselves against Fed-induced capital-flow whiplash. As this amounts to "currency manipulation" in the eyes of U.S. policymakers, trade tensions are apt to grow.

See more in Ukraine; United States; Monetary Policy; International Finance

Foreign Affairs Article

Six Markets to Watch: Turkey

Author: Daniel Dombey

For much of last year, Turkey's economy seemed almost on top of the world. In May, as huge construction projects moved ahead, Ankara paid off its remaining debt to the International Monetary Fund, ending what seemed to many Turks a long history of humiliation.

See more in Turkey; Emerging Markets

Foreign Affairs Article

Iceland's Saga

Author: Ólafur Ragnar Grímsson

By all rights, Iceland -- a remote Arctic island inhabited by just 320,000 people -- should be a forgotten backwater. And for most of its history, it was.

See more in Iceland; Economics