Tuesday, August 4, 2015
  1. Why Greece Declined a Euro Holiday

    Daniel Gros

    Why Greece Declined a Euro Holiday


     believes that the government's acceptance of austerity vindicates the euro's political rationale.

    Tsipras Merkel Zhang Fan/ZumaPress

    The rationale for the euro, as many critics have noted, was always more political than economic. But Greece's sudden about-face on austerity suggests that, contrary to popular belief, countries’ political attachment to Europe via the euro remains very strong. READ MORE

  2. The Government the Eurozone Deserves

    Yannos Papantoniou

    The Government the Eurozone Deserves


     warns that the common currency has no future without fiscal and political integration.

    Greek flag and EU flag Greek Parliament Michael Debets/ZumaPress

    A move toward fiscal and political integration is the price that Europe must pay to maintain its unity and global relevance. The alternative is inconsistent – if not arbitrary – enforcement of the current rules, inducing divisiveness among member states, and eventual fragmentation. READ MORE

  3. Clowns on the Campaign Trail

    Ian Buruma

    Clowns on the Campaign Trail


     asks why voters in democracies are attracted to buffoonish candidates.

    Donald Trump Brian Cahn/ZumaPress

    Disaffected voters can be found everywhere, whether in the US, Europe, or India. But they are not only turning away from mainstream political parties and following populists who promise to clean out the corrupt elites from the centers of power; they also share a taste for entertainers. READ MORE

  4. Rule, Germania

    Harold James

    Rule, Germania


     explains why Germany is so insistent on a legalistic approach to the eurozone's functioning.

    Wolfgang Schauble Wiktor Dabkowski/ZumaPress

    A persistent feature of the discussions about how to address Europe's debt crisis has been German leaders' insistence that the rules must be followed. Germany's obsession with rules reflects the way its federal system of government has shaped its decision-making, as well as its historic experience with debt crises. READ MORE

  5. Il contenimento inizia a casa propria

    Nina L. Khrushcheva

Focal Point

274 pages
274 pages

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