Commentary

Democracy put to the test

Just as the mechanisms that made democracy function in city states were not adequate for governing nation states, representative democracies today are showing themselves incapable of managing, effectively and democratically, the system that is emerging in Europe.  

A deepening crisis requires further integration

The economic crisis is now at a critical point, and Europe's leaders must chose between a federated eurozone power or yielding to the power of the markets and economic and political disruption.  

Mother Russia, Father Putin

Russia's foreign policy over the coming decade will bear the signature of Vladimir Putin, as Russia seeks new alliances and international clout. The price that Russia is likely to pay is international isolation  

Europe’s deceptive aggregate deficits

Despite the deepening crisis, when taken as a whole the Eurozone's basic figures do not look too bad. But because the Eurozone is a flawed construction these figures are only a distraction, and the need for real reforms remains.  

A marginalised Britain makes EU break-up more likely

The actions of Britain's coalition government are making it more likely that we will see the EU disintegrate, leaving behind a saved Eurozone that marginalises all those outside it – including Britain itself.  

The return of political economy

The present crisis of the Eurozone is a direct consequence of a half hearted, half considered, half explained and therefore half finished integration. Europeans must be prepared for sacrifice, but our leaders must make sure that sacrifice is worthwhile.  

China’s desert-dance in Libya

As its international profile and interests grow, China's foreign policies – now those of a great power – are coming under increasing scrutiny. Here are the four fault lines that are forming in how Beijing deals with the world.  

The euro summit: think twice before you celebrate

The reaction of both the markets and politicians suggests that the latest euro summit has been a success. But the outcome is unlikely to end the euro crisis, and parts of it might actually make it worse.  

Merci, mon Général, bonjour Monsieur Monnet

Throughout the Eurozone crisis, France has been well served by its decisive presidential system. But as thoughts turn to reforming the way the Eurozone works, France must come to terms with the power implications of a more federal system.