While markets are again correctly obsessing over Italy and Spain’s poor economic growth prospects, as reflected in markedly higher government bond yields for those two countries, they seem to have taken their eye off two upcoming political events that could usher in a new and more serious phase of the...

On these quite intensive days for Government and the Parliament we deem it relevant and appropriate to reflect upon the issue of competition. This word has been frequently abused and idolized as the goal of any market process instead of being considered an instrument, a process regulated for the benefit...

At times of serious economic and financial crises, politicians are wont to shirk responsibility for their policy errors and to seek scapegoats for their policy errors. European politicians are proving to be no exception to this tendency.

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.”

The Nobel Peace Prize is the world’s most prestigious award, as Jay Nordlinger argues in this erudite and insightful history. He has written not only the go-to reference book for the prize and its laureates but also an important philosophical reflection on the nature of “peace” in modern times.

Washington is already in mini-crisis mode over North Korea’s planned launch of a “satellite” (actually, an intercontinental ballistic missile)...Now comes word from South Korea that Pyongyang may also be planning another nuclear test.

In December, European leaders will decide whether to act on the European Commission's recommendation to open accession negotiations with Turkey. While the United States sees Turkey's EU membership mainly in strategic terms, European policymakers also have to consider the political, economic, and social aspects of admitting Turkey into the European...

There are new twists to in the ever-entertaining faux debate over the dangers of shale gas. The New York Times, which turned obscure Cornell University marine ecologist Robert Howarth into an anti-fracking rock star in its questionable spring series on shale gas, and got hammered for it by its own public editor—I‘ll take some of the credit—is finally getting on the science bandwagon.