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.
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 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.
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.
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.
The European Union has a vital role to play in helping consolidate the transitions of the Arab Spring. But first they need to rethink their approach and develop a new foreign policy for the Southern neighbourhood: Enlargement lite will not work.
The European Union’s combination of crises – of finance, politics, and identity – makes the once unthinkable a real prospect: Europe is not “too big to fail”. What then should concerned Europeans do to ensure their continent's survival and progress?
The upheavels in North Africa are further evidence that the EU's neighbourhood has fundamentally changed, both to the south and to the east. In response, the EU needs to develop a real foreign policy to deal with this increasingly competitive region.
How might European disintegration play out if we do not learn from past folly? Uncontrolled collapse, a decisive jump forward leading to a big step back, or disintegration in disguise due to benign neglect?
Europe's economic troubles have forced it to continue looking to China for financing. But Beijing, which is thought to hold up to 30 percent of its reserves in euros, is driving an increasingly hard bargain.