Greece's economic and political unraveling could not be coming at a worse moment for President Obama. The crisis has the potential to send shock waves not simply through Europe but also through global financial markets on the very eve of the U.S. presidential election.

On May 6, all eyes will be focused on the second round of the French presidential election, which Socialist challenger Francois Hollande is likely to win. Equally important for Europe’s future is the Greek parliamentary election scheduled for the very same day.

The recent election outcomes significantly changed the political leadership of France and Greece - American Enterprise Institute (AEI) Scholars Desmond Lachman and Danielle Pletka are available to comment on their economic and foreign policy implications.

America's version of capitalism has been much more dynamic than Europe's. Why don't Obama and Romney debate that?

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.

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...

The Greek economic crisis could have serious consequences for the U.S. economic outlook, perhaps leading a double-dip recession in the United States.

A major European economic recession and banking crisis would considerably heighten the probability of a double-dip U.S. economic recession in 2011.