The recent decision by European finance ministers to expand the eurozone bailout funds is an important political step, but by itself will not be enough to stem the tide of the debt crisis, says EU ex…

EU leaders at this week’s summit are expected to advance a banking union crucial to restoring confidence in the eurozone, but its full implementation is a long way off, says CFR’s Robert Kahn.

New electoral currents in Europe are threatening the German-backed fiscal responsibility pact and sparking fresh fears of debt contagion, says CFR’s Sebastian Mallaby.