The following is a letter to the editor in response to an April 8 op-ed in The Financial Times on the possibility of countries opting to leave the eurozone.

On September 20, H.E. Wolfgang Ischinger, Germany's ambassador to the United States, led NAI invitees in a fascinating discussion about transatlantic relations on the eve of the German elections.

Today Europe faces a great question indeed: whether a system of continual dilution of national sovereignty in order to create a pan-European government is more effective, stable, and just than one in which the continued sovereignty of numerous states allows them to determine their own destiny.

Three considerations make it likely that Greece, Ireland and Portugal will choose to default before the establishment of the European Stability Mechanism in 2013

The Transatlantic Law Forum (TLF) will host its fifth annual conference on October 28–29 at Bucerius Law School in Hamburg, Germany. The topic of the conference is "Constitutionalism in Crisis?"

Wolfgang Münchau seems to be wide of the mark in asserting that the present global financial crisis will lead to the early expansion of the eurozone.

There has been much gnashing of teeth and rolling of eyes over eurozone leaders' repeated inability to solve their financial crisis once and for all. The rest of the world can best help, the reasoning goes, by shouting exhortations at Europe to just try harder. But what, exactly, are Europeans being urged to do?

Central banks would be ill advised to look solely in the rearview mirror when assessing the inflationary outlook.