Hope springs eternal among policy makers in Europe’s beleaguered periphery. At five minutes to midnight in Athens, and with a bank run having started in Madrid, these policy makers cling to the forlorn hope that somehow Germany is going to relent on its strong opposition to euro bonds.

After five years of wrenching economic recession, one has to wonder what it will take for Greece to cut itself loose from the failed IMF and EU policies that have reduced the country to its present terrible economic pass.

China continues to manipulatethe yuanto its own advantage.

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.

At this event, our panel of experts will share their thoughts on Bubble Trouble.

The following is excerpted and adapted from Mr. Brooks' upcoming book "The Road to Freedom: How to Win the Fight for Free Enterprise," to be released on May, 8 2012.Liberals often accuse conservatives of being obsessed by morality. But the truth is, many conservatives are reluctant to talk...

Europe’s proposed financial firewall around Spain and Italy will prove any more effective in protecting those countries from another market onslaught than was the Maginot line in protecting France. The very design of the proposed firewall appears to be basically flawed in dealing with a renewed loss of market confidence in the euro’s long-run sustainability.

Just in time for your post-Monday morning coffee jitters comes a calming article from Paul Pillar, former CIA Near East hand: We Can Live with a Nuclear Iran.