Europe

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Reuters: Complete the Job

Author: Hugo Dixon

"Greece's reform job is not even half finished. The government hasn't done enough to root out the vested interests that strangle the economy. Nor has it cracked down fully on tax evasion or pushed hard enough to privatise state-owned properties."

See more in Greece; Economic Development

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New York Times: Rethinking German Pacifism

Author: Jochen Bittner

"Germany is Europe's unrivaled superpower, its largest economy and its most powerful political force. And yet if its response to recent global crises, and the general attitude of its leaders and citizens, are any indication, there appears to be nothing that will get the German government to consider military intervention."

See more in Germany; Defense Strategy

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Financial Times: Optimism About an End to the Euro Crisis Is Wrong

Author: Wolfgang Münchau

"In a monetary union, adjustment is hard without any transfers and without a fiscal union. I know of no plausible plan how the eurozone can manage the dual feat of economic adjustment and debt sustainability within the straitjacket of official policy. And as long as such a plan does not exist, the crisis is not over."

See more in EU; Financial Crises

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New York Times: Lobbying Bonanza as Firms Try To Influence European Union

Authors: Eric Lipton and Danny Hakim

"As the European Union has emerged as a regulatory superpower affecting 28 countries that collectively form the world's largest economy, its policies have become ever more important to corporations operating across borders. In turn, the influence business in Brussels has become ever larger and more competitive, rivaled only by Washington's."

See more in Europe; Political Movements and Protests

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Financial Times: Watch Out for the Rise of a European Tea Party

Author: Gideon Rachman

"Next year's elections to the European parliament also look like a possible breakthrough moment for a European Tea Party. The parliament has traditionally been the most federalist institution in Europe, acting as a lobby group for the transfer of more powers to Brussels. But next May's elections are likely to show a surge in votes for eurosceptic parties across the continent."

See more in EU; Political Movements and Protests

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Wall Street Journal: This Bond Manager Hates Bonds

Author: Tommy Stubbington

"Managing a bond fund these days is a peculiar business. Global central banks have aggressively supported government bonds, driving up—many would say distorting—their prices. Market observers generally agree that support will eventually ebb, bringing prices back down and bond yields up, but no one can be certain when. What is an investor to do?"

See more in Europe; Banks and Banking