Benn Steil's column in Dow Jones' Financial News, co-authored with Dinah Walker, shows why last March's Greek debt restructuring left Greece in poor shape to avoid financial collapse

Thanks to the rift between Turkey and Israel, Ankara's days as a power broker in the Arab-Israeli conflict are over, says Steven A. Cook.

Steven A. Cook says leadership in the Middle East is up for grabs as the Syrian war intensifies, the Arab Spring changes regional power dynamics, and Israel's airstrikes and Hamas rockets again roil Gaza. Last year, Turkey was the assumed role model for the region. But it has fallen down on the job.

An intensifying anti-Assad stance has disrupted Turkey's pragmatic regional policy and aroused concerns at home that it is on a war footing, says expert Steven Heydemann.

Commodities traders are looking to countries beset with internal unrest to make high-risk bets for high rewards.

Steven A. Cook says Mohamed Morsi's victory in Egypt's presidential election puts Islamists in control an office that was once the exclusive province of the military, but asks whether Sunday's Tahrir Square celebration was premature.

Steven A. Cook says that regardless of whether the June 17 decree by Egypt's Supreme Council of the Armed Forces was in fact a military coup, precedent in Turkey in Algeria shows that officers' interests are safeguarded, and society as a whole will pay.

Michael Spence argues that much of the furor over austerity misses the fact that deficit reduction is only one step on the road to restoring competitiveness, employment, and growth.

A victory for Greece's center-right New Democracy party is a reprieve for the euro, but eurozone leaders must still grapple with systemic fixes, writes CFR's Charles A. Kupchan.

A Greek exit from the euro following the country's upcoming elections will be have negative consequences for Greece, European banks, as well as the eurozone, cautions CFR's Sabastian Mallaby.

Greek elections this weekend could render a verdict on the country's eurozone future, with analysts fearing serious consequences for the global economy, says this CFR Backgrounder.

Willem Buiter discussed the current and future challenges of the Eurozone, including the sovereign solvency crisis and the possible restructuring of current sovereigns, Spain's current debt situation, the role of the European Central Bank, and the possible exit of Greeze from the Eurozone.

The U.S.-Turkey relationship has become increasingly important as a result of the continuing violence in Syria and ongoing debate over Iran's nuclear program. In this crucial time, the two countries have an opportunity to work together to help shape the Middle East, including the challenges of ensuring the stability of Iraq, containing Iranian nuclear ambitions, and putting an end to the Assad regime in Syria.

Greece's political turmoil is spreading fresh economic uncertainty. But it is wrong to assume an automatic exit from the euro or further sovereign debt contagion, says expert Iain Begg.

The new CFR-Sponsored Independent Task Force report provides analysis and recommendations on Turkey's relationship with the United States; role within NATO; relations in the Middle East and Europe; political and social development; and place in the global economy.

Former U.S. Secretary of State Madeleine K. Albright, former U.S. National Security Adviser Stephen J. Hadley, and CFR Senior Fellow Steven A. Cook present the CFR-Sponsored Independent Task Force Report on the U.S.-Turkish Relationship and Turkey's Growing Role.

Task Force Co-Chairs Madeleine K. Albright and Stephen J. Hadley and Project Director Steven A. Cook discuss the findings and recommendations of the CFR-sponsored Independent Task Force report on U.S.-Turkey Relations: A New Partnership.

Turkey's dramatic changes make it ripe for closer diplomatic and economic collaboration with the United States, says Stephen Hadley, co-chair of a new CFR Task Force Report.

It is incumbent upon the leaders of the United States and Turkey to define a new partnership "in order to make a strategic relationship a reality," says a new Council on Foreign Relations–sponsored Independent Task Force chaired by former secretary of state Madeleine K. Albright and former national security adviser Stephen J. Hadley.