In Greece’s Austerity Intifada, a Challenge to Western Economic Orthodoxy

Tens of thousands of young people — and many older ones, too — gather in the main square of the capital, driven to protest by the despair of unemployment and a social system that cannot meet their aspirations for a decent life. And also by their realization that those in power serve outside agendas that have nothing to offer their own …

Can French Bank Deal On Greek Debt Save The Euro?

Could the end of the Greek debt crisis be in view—and with it the pressure that has put the very future of the euro in jeopardy? That’s the hope behind a draft deal French President Nicolas Sarkozy confirmed Monday, under which France’s private banks holding some $21 billion in Greek sovereign debt would roll nearly 70% of that …

Following U.S. Lead, France Announces Afghan Troop Withdrawal

Just hours after U.S. President Barack Obama announced his timetable for withdrawing troops from Afghanistan, his French opposite Nicolas Sarkozy followed suit by revealing Paris’ plan to also gradually bring soldiers in its Afghan contingent home. The swiftness of Sarkozy’s decision—which clearly followed consultation with …

NATO’s Libya Bombing Error Won’t Help a Flagging War Effort

The reason there’s a well-worn military euphemism – “collateral damage” – to describe incidents like Sunday morning’s air strike in which NATO admits it may have inadvertently killed Libyan civilians in a residential area of Tripoli is that they’re an inevitable consequence of waging war from the air. It happens so frequently in …

Never Mind Political Risk, Who Can Afford a Syria Intervention?

There are many reasons why Western military action in Syria remains unlikely despite the Assad regime’s sustained brutality against its opponents, and the burgeoning refugee crisis along the Turkish border. For one thing, Western powers remain fearful of the consequences of toppling President Bashar al-Assad in what is fast evolving into …

Something’s Rotten in Europe

TIME’s Leo Cendrowicz writes from Brussels about what the controversy — and hysteria — over E.coli in vegetable produce is doing to the already fraying bonds of the European Union.

Originally the authorities in Hamburg identified the source of the outbreak as Spanish cucumbers. This was not only incorrect but led to an acrimonious

Why the G-8 Should Never Meet Again

The G-8 wraps up its 37th conclave May 27 at the French seaside resort of Deauville. By now, you may have seen some of the gathering’s glitzy snaps. Two seem to define the occasion: one of President Obama and Europe’s top potentates taking a chummy stroll along the Normandy coast, the other of pregnant French first lady Carla

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