Greece

The Return of Sovereignty
January 25, 2012

Sovereign Equality and Moral Disagreement By Brad R. Roth (Oxford University Press, 320 pp., $70) Sovereignty is back. Our debates about the global economic crisis keep returning to the problem of sovereign debt and the need for sovereign guarantees to reassure the markets. We keep hoping that somewhere, sometime, in the downward spiral of de-leveraging and disillusion there will be an authority—a sovereign—to take charge and put an end to our anxiety. This longing for an authority, after years of market follies, runs very deep. We want to know that someone is in control.

Strategist and Scourge
December 14, 2011

George F. Kennan: An American Life By John Lewis Gaddis (Penguin, 784 pp., $39.95) I. George F. Keenan, who was born in 1904 and died in 2005, and served under presidents from Calvin Coolidge to John F. Kennedy, left as deep an imprint on American geopolitics as any intellectual of the twentieth century. But the exact nature of his achievement continues to elude full or even coherent description. One reason is that most of his very long life was spent in comparative obscurity.

Has the Euro Crisis Killed Off Social Democracy For Good?
December 03, 2011

Madrid–Outgoing Socialist Prime Minister Jose Luis Rodríguez Zapatero, of Spain, had until recently been the beneficiary of propitious circumstances. Party infighting enabled him to outmaneuver the establishment favorite in the 2000 primaries. Four years later, he eked out an eleventh hour victory in national elections when a terrorist bombing mere days before voting turned the tide against incumbent conservatives.

Attention Numerology Freaks
November 11, 2011

The Armistice was signed at the eleventh hour of the eleventh day of the eleventh month. In less than an hour it will be the eleventh minute of the eleventh hour of the eleventh day of the eleventh month of the eleventh year, or 11:11 11/11/11. All the world's computers will shut down and the mountains will be laid low and the seas will arise to cover the earth and Herman Cain will win the Republican nomination for president. Or not. I've never been very good at predicting the future. Update: Missed it!

Italy’s Going Under, But Don’t Blame Berlusconi
November 09, 2011

The eurozone debt crisis simply refuses to go away. Last month’s latest and greatest plan put forward by European leaders has already been judged by financial markets to be insufficient. And while it is political uncertainty in Greece that has thrown the whole process into question, the main victim has actually been Italy; in the days since the rescue package was announced, Italy has found its borrowing costs rising to record levels as investors continue to expect the worst. But why are investors picking on Italy?

The Case Against Referendums: From Greece to California, They Always End Up Undermining Democracy
November 03, 2011

In calling for a referendum on Greece’s bailout plan, Prime Minister George Papandreou has, it could be said, embraced one of his country’s oldest political traditions: direct democracy. The idea that the citizens of a state should all cast votes to decide matters of common interest was arguably born within an easy walk of his Athens office, some two and a half millennia ago. Of course, referendums have remained a part of democratic politics into the modern era, with a formal place in the constitutions of many countries and regions, from France to Australia.

Don’t Blame All Germans for the Euro Crisis. Just Blame Merkel.
October 17, 2011

Berlin, Germany—Germany is at the center of the European financial crisis that is threatening to sink Europe, and much of the rest of the world, into a double-dip recession, but you would hardly know it in Berlin.

Early Enlightenment
October 12, 2011

The Abacus and the Cross: The Story of the Pope Who Brought the Light of Science to the Dark Ages By Nancy Marie Brown (Basic Books, 310 pp., $27.95) A study of twenty member states of the Organization of the Islamic Conference (recently re-named the Organization of Islamic Cooperation, or OIC—the international body that represents Ummah al Islam, with a permanent delegation to the United Nations) found that between the years 1996 and 2003 those countries spent 0.34 percent of their GDP on scientific research, one-seventh of the global average.

The Trouble With Neutrality
September 14, 2011

A World on Fire: Britain’s Crucial Role in the American Civil War By Amanda Foreman (Random House, 958 pp., $35) The world’s biggest superpower has a problem. The citizens of a nation overseas have risen up against their tyrannical rulers, determined to claim liberty even if it takes a civil war. As the most powerful global advocate of freedom, the superpower has to admire the rebels’ cause. Should it help them? Humanitarians argue that intervention can prevent hundreds of thousands of civilians from suffering hideous state-sponsored subjugation.

Krauthammer Is Making It Too Easy
August 19, 2011

Charles Krauthammer expresses indignation that President Obama would suggest that Republicans in Congress would rather defeat Obama than compromise: In Obama’s recounting, however, luck is only half the story. His economic recovery was ruined not just by acts of God and (foreign) men, but by Americans who care nothing for their country. These people, who inhabit Congress (guess which party?), refuse to set aside “politics” for the good of the nation. They serve special interests and lobbyists, care only about the next election, place party ahead of country.

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