When a friend behaves badly, it’s easy to take a time out. Stop taking their phones calls, pretend to be out when they come to apologise. But responsible nations don’t have the luxury of ignoring each other. That is why diplomacy can be a messy business, as India and Italy are learning this week. Read Here […]
There are reasons to believe that Pope Francis is a transitional figure, unlikely to effect major reform at the top of the church. He is not known as a champion of any theological vision, traditional or modern. He is just two years younger than Pope Benedict was upon his election eight years ago. He has […]
Nations that want to be taken seriously must match their actions with that aspiration. The refusal to send back Massimiliano Latorre and Salvatore Girone — the Marines aboard the merchant ship Enrica Lexie accused of shooting and killing two fishermen off the Kerala coast after mistaking them for pirates — may win the new Italian government brownie […]
Ten years ago, Germany was considered the sick man of Europe. Its economy was mired in recession, while the rest of Europe was recovering; its unemployment rate was higher than the eurozone average; it was violating the European budget rules by running excessive deficits; and its financial system was in crisis. A decade later, Germany […]
The stand-up comedian Beppe Grillo, like the fascist dictator Benito Mussolini before him, has a craving to take over the piazza and mesmerise the crowd. Where once young Italians chanted the mantra ‘Du-ce! Du-ce!’ now they chant ‘Bep-pe! Bep-pe!’. But it is not just a shared need to rant and rave at large numbers of […]
As Pope Benedict XVI abdicates the papacy, retiring to a life of prayer and study, he leaves behind an admirable, if somewhat chequered, record in international relations. His influence in foreign affairs — like that of all popes — has been considerable. As a truly global body with over a billion members, the world’s oldest […]
In any other country, Silvio Berlusconi would have been a mortally wounded candidate. He is appealing a conviction for tax fraud, facing trial on charges of prostitution with a minor, and the last time he was in office in 2011, he stepped down amid fear that his clumsy handling of the economy would cause the country to collapse. But in […]
Maybe, just maybe, the worst of the euro crisis is over. Business and consumer confidence is rising across the Continent, sovereign bond yields are falling, and capital flight from its weakest economies is easing. Talk of an imminent breakup of the currency union has all but disappeared. Even Greece, whose debt hemorrhage plunged the euro zone into […]
The European Central Bank has managed to calm the markets with its promise of unlimited purchases of eurozone government bonds, because it effectively assured bondholders that the taxpayers and pensioners of the eurozone’s still-sound economies would, if necessary, shoulder the repayment burden. Although the ECB left open how this would be carried out, its commitment […]
Has the eurozone crisis ended? Many politicians in Europe, including France’s president François Hollande, seem to think so. Well, not so fast. Far from ending, the crisis is yet to reach its most difficult phase. It is easy to see why politicians claim the crisis is over. Greece has just been promised another €50bn, provided it accepts […]
looking beyond borders 