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    Morning Bell: The Grecian Formula for Economic Decline

    The President and his team have been blaming “European headwinds” for some of the U.S. economy’s woes. But the truth is that the policies pursued by Washington and Athens are frighteningly similar—and the outcomes are not good for either country. Both countries are in need of comprehensive fiscal reforms, yet … More

    Obama's Ironic European Lecture

    Europe is in bad shape, there’s no doubt about it. The sovereign debt crisis continues to roil the continent, Greece may leave the euro, Spain may have to revise its budget deficit upward for the second time because of bad loans, and France has a new socialist president pledging more … More

    NATO to Declare Interim European Missile Defense Capability

    During the NATO meeting in Chicago, the alliance will declare that it has an interim operational capability to defend itself against ballistic missile attacks. This is a major step forward for NATO and U.S. leadership within the alliance. The declaration marks the achievement of the first phase in the Obama … More

    NATO Summit 2012: Without New Investment by Europeans, NATO's Future Is in Doubt

    At the NATO Summit in Chicago this weekend, leaders will gather to discuss a number of issues facing the alliance. Top of the agenda will be Afghanistan, improving NATO’s military capabilities, and extending NATO’s partnerships with regional and global partners. However, nothing agreed at the summit will matter if America’s … More

    Is Austerity Crushing Europe?

    Numerous governments across Europe have embarked on strict austerity programs. Europe is also sliding into a deep recession, with some countries already essentially in deep depression. Are the two phenomena related? Is the austerity exacerbating the economic downturn? Yes and no, and the yes should be no surprise. For context, … More

    Morning Bell: Socialism Rises Again

    Last weekend, the people of France took a sharp turn to the left, and the rest of Europe may be on the brink of rebuking its recent tack toward fiscal responsibility. With Sunday’s election of French Socialist leader Francois Hollande, France has leapt backward toward the policies that have helped … More

    A Cautionary Note from French Economists

    Voters in five European countries—France, Germany, Greece, Italy, and Serbia—go to the polls on May 6. Election outcomes, particularly in France and Greece, are likely to ratchet up uncertainty about the future of the European Union. In a somber, warning tone, a group of concerned French economists penned a public … More

    Why Won’t the Euro Crisis Just Go Away?

    The European euro/debt/growth/banking/identity crisis is entering its third year. With so many summits, toasts, tense conference calls, and self-congratulatory pronouncements of ultimate success by Europe’s brightest lights, why won’t the crisis just go away? Instead, it is ramping up as interest rates on Spanish and Italian debt rise to critical … More

    VIDEO: Britain's Liam Fox Warns America: Your Debt Is a Threat

    Britain’s Liam Fox has a warning for America: Fix the debt problem now or suffer the consequences of less power on the world stage. The former U.K. secretary of state for defense visited Heritage to explain why America’s debt is a national security issue. >> Watch the full 45-minute speech, … More

    European Court Threatens America’s Security

    Many Americans will not recognize the name Abu Qatada. Qatada is a radical Muslim cleric currently behind bars in the United Kingdom waiting deportation to Jordan for terrorism-related charges. It has been widely reported that he is also wanted by authorities in Belgium, Spain, France, Germany, Italy, and Algeria and … More