See CFR Senior Fellow and Renewing America Director Edward Alden's accompanying blog post here. In looking abroad to promote economic growth, the United States need go no further than its two clos…

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.