Europe needs a new deal that trades less national austerity for creditable plans for more structural reform. This can be done without costing Germany a euro cent.

PALO ALTO, Calif. — Europeans are wrong to be angry with China because its currency peg to the dollar has boosted the euro against most currencies on foreign exchange markets. They should view the currency peg as a valuable gift. In New York and ...

PALO ALTO, Calif. — The fact that America’s economy is slowing is bad news for Europeans, regardless of claims that Europe’s economy has successfully decoupled itself from the United States. Decoupling is an idea that is based on bad economics — and on some ...

PALO ALTO, Calif. — The more French President Nicolas Sarkozy attacks the European Central Bank and the strong euro, the more he is criticized in the European media, by European finance ministers, European Union officials and the ECB itself. The critics are right. The ...

PALO ALTO, Calif. — U.S. President George W. Bush’s disastrous war in Iraq has put Europe in a bind. The United States long has been Europe’s protector. Now, because of a war it wanted no part of, Europe finds its security undermined. Chaos in ...

PALO ALTO, Calif. — In gearing up to take France on a new economic course, French President Nicolas Sarkozy’s choices are not confined to Anglo-American neoliberalism and the dying French model of social protection. There are other viable alternatives, one of which is the ...

PALO ALTO, Calif. — The European Union has been so successful that you would have thought there would be dancing in the streets at its 50th anniversary. Alas, there has been only persistent talk of failure — to achieve political union, to adopt a ...

PALO ALTO, Calif. — A year ago, the euro zone’s most important challenge was anemic economic growth. But 2006 turned out to be a good year for growth in Europe, as surprising strength in exports sparked unexpected increases in domestic demand. Germany, the euro ...

PALO ALTO, Calif. — So deep is the pessimism in Europe about the economy that the better the economy does today, the worse people think it will do tomorrow. This year has been an excellent one for Europe’s economic growth, yet instead of thinking ...

PALO ALTO, Calif. — September is traditionally the time when opera companies and orchestras return to their home cities from Aix, Salzburg, Tanglewood and countless other summer festivals. This is also marked (on both sides of the Atlantic) by the return of worries about ...

PALO ALTO, California — European Central Bank President Jean-Claude Trichet made news at the press conference following the May meeting of the ECB Governing Council not by what he said, but by what he did not say. Trichet, who on occasion has protested increases ...

PALO ALTO, Calif. — Negative public opinion in the United States was the key factor behind the defeat of the proposed deal to turn over management of six U.S. ports to an Arab company. But the rejection of Dubai Ports World has disturbed America’s ...