High debt and deficit levels will raise the risk of sovereign defaults, especially in Southern Europe, as high unemployment creates fertile ground for social unrest and political extremism across the currency area.
With awareness of China's rising power heightened amid the COVID-19 pandemic, and the United States forging ahead to counterbalance it, the rimlands of Eurasia will once again find themselves stuck in the middle.
By Rodger Baker
It looks like the U.S. won't be able to stop the Nord Stream 2 gas pipeline from Russia to Germany.
Expected budget cuts could reduce the bloc’s military self-sufficiency and prolong its reliance on the United States to combat threats from China and Russia.
In light of the May 10 observance of Mother’s Day, we invite readers to revisit this 2018 column on the challenges of keeping women in the workforce without further depressing global birthrates.
By Reva Goujon
An abrupt end of the ECB's bond-purchasing program as Italy's borrowing costs are going up could trigger a financial crisis in the eurozone.
