Each year, governments around the world spend more than half a trillion dollars on fuel subsidies, crowding out productive investment in poverty alleviation and growth. CFR Senior Fellow Isobel Coleman proposes establishing a private-public partnership to help governments build the case for subsidy reform directly with citizens.

Benn Steil and Dinah Walker argue that the ECB's bank stress tests will roil rather than calm markets if recapitalization funds are not set aside in advance, as they were in the case of the highly successful U.S. tests in 2009.

U.S.-Pakistan relations are in crisis. For Washington, Osama bin Laden's safe haven in Abbottabad raises questions about Pakistan's complicity and/or incompetence. For Islamabad, bin Laden's killing …

Introduction Yemen is slipping into an uncertain and dangerous future. In early June 2011, President Ali Abdullah Saleh, who has ruled the country for the past thirty-three years, narrowly escaped…