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Why Greece Must Leave the Euro for Greece and Europe to Survive

Garrett Workman | May 16, 2012
EU flag near acropolis

In the aftermath of last week’s elections in Greece, in which voters resoundingly rejected further austerity, Europe is struggling to come to terms with Greek voters’ conflicting desire to stay in the Euro while also delaying necessary reforms.

A Greek Exit From the Euro Would Lead to Chaos

Alexei Monsarrat | May 16, 2012
EU flag near acropolis

A few weeks ago there was a wild rumor that Greece's debt crisis had been dealt with. The hope was that with enough debt relief and a "managed" default, Europe had bought time for global growth to lift the Greek economy, and Greek politicians would wring the country through massive austerity.

Welcome to Merklande?

Julian Lindley–French | May 16, 2012
Angela Merkel and Francois Hollande

Tal-y-Wern, deepest, darkest Wales. Plinlimmon, Cader Idris, and Mount Snowdon slumber around me as I write.  Those great, sleeping Welsh dragons that legend has it will awake in the hour of Cymru’s (Wales) greatest peril.

Building a New Future for Turkey

Madeleine K. Albright & Stephen J. Hadley | May 16, 2012
Erdogan with Mario Monti at an Italy-Turkey summit

The crisis in Syria and the confrontation with Iran over its nuclear program have highlighted the renewed importance of one of the oldest and most enduring relationships of the United States: its alliance with Turkey.

Germany: Economic Powerhouse, Second-Rate Military Power?

James Joyner | May 15, 2012
NATO Anchoring The Alliance Atlantic Council Report

"Germany today is an economic powerhouse, but a second-rate military power," declares a new Atlantic Council report which warns, "Europe’s future relevance as a global strategic partner of the United States is contingent on Germany taking its full place as a much stronger political and military leader within Europe and the transatlantic Alliance."

A Five-Year Plan for Francois Hollande

Nicholas Dungan | May 15, 2012
Francois Hollande greets Sarkozy during swearing-in ceremony

Today François Hollande has taken office as president of the French Republic. He has pressing priorities in his next five weeks but also a chance to make history in the next five years.

The Challenge of Change

Chuck Hagel | May 15, 2012
Oval Office

A new world order is being built today by seven billion global citizens.

America’s responsibilities in this new world and to future generations are as enormous as they are humbling. The challenges and choices before us demand leadership that reaches into the future without stumbling over today. They also require challenging every past frame of reference.

Avoiding NATO 'Dim and Dismal" Future Requires Big 5 Leadership

James Joyner | May 14, 2012
NATO Anchoring The Alliance Atlantic Council Report

Whether NATO can avoid the "dim and dismal future" Bob Gates warned about "will largely be determined by the quality of leadership demonstrated by its largest and most influential allies: the United States, Germany, France, the United Kingdom, and Turkey," warns the Atlantic Council in a new report.

So Far, Sanctions Prove to Be Right Tool in Burma

Ronak D. Desai | May 14, 2012
Burmese president Thein Sein

The Obama Administration’s recent announcement that it would begin a “targeted easing” of the decades-old sanctions regime currently in place against Burma has once again put into sharp focus questions surrounding the efficacy of sanctions as a tool of American foreign policy.

With Iran, Syria Looming, Can Obama Save NATO from Disaster at Chicago Summit?

Barry Pavel & James Joyner | May 11, 2012
2012 NATO Summit in Chicago logo

Coming off the heels of a very successful NATO summit in Lisbon, Portugal, in November 2010, it looked like President Obama would make the coming NATO summit in Chicago May 20 and 21 – an election-year meeting of America’s strongest allies on American soil – a centerpiece of his campaign, highlighting great successes in his foreign policy.

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