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When the G8 major economies convened at Camp David last weekend, the continuing crisis of the euro, common currency of 17 European Union (EU) members, dominated the economic discussions. The agonies of Greece, badly divided in recent parliamentary elections, and forced to vote again on 17 June, were at the forefront.
Joe Biden's prepared remarks in which he proclaimed Brussels as the capital of the free world are offensive and terrifying.
The European Union's Brussels summit on December 8-9 is its latest, most urgent attempt to calm the bond markets, save the euro, and create firmer mechanisms that promise to ensure long-term fiscal discipline among eurozone nations.
If Europe really wants progress on the Israeli-Palestinian issue, it should support Ariel Sharon's disengagement plan and pressure the Palestinians to fight terror.
The Americans, he said, had made only a single request. 'The one and only thing that the United States asked of our European friends was not to establish a separate and independent military planning capability. And, of course, that is precisely what they did.'
Sunday’s elections results in six European countries, particularly France, Greece and Germany, bode poorly for satisfactorily resolving the European Union’s ongoing financial and political crisis.
Ambassador Bolton's review of John Fonte's book "Sovereignty vs. Submissions: Will Americans Rule Themselves of be Ruled by Others?"
Because of massive, sustained budget deficits by several eurozone countries, some could default on their sovereign debt obligations, or the euro itself might disintegrate, profoundly affecting the EU’s political and economic future. Very little media attention, however, is focused on a very different, but even more important, EU problem, namely its “democratic deficit.”






