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.

For months now, Kremlin-watchers have been observing--mostly with malicious amusement--the agony of top government functionaries as they try to guess the victor of the presidential contest and position themselves accordingly.

Europe is debating the Greek debt while Greece is slipping into crisis, risking economic stagnation and the radicalization of an entire generation.

The United States has no vital national interest in propping up the European Union and should let the euro succeed or fail on its own by not supporting it directly or indirectly.

News that Vodafone is among the suitors for the U.S.-based AT&T Wireless signifies not just a bold step for the telecom titan, but a definitive direction for the future of the telecom industry.

The European Union is arguably the most successful political entity ever created.

France and the Netherlands' rejection of the European constitution are indications economic malaise in Europe must be fixed before further political integration is attempted, experts say.

The twin principles of home country supervision and mutual recognition should be supplemented in the short run by a clear allocation of responsibilities in times of crisis, and a mechanism to ensure that all financial institutions operating in Europe have an effective lead supervisory authority.