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  • European Union

    Politics and Economics: A Deadly Mixture

    The tragic events unfolding in Greece, where at least three people have died in political rioting protesting austerity measures being imposed as part of an EU and IMF financial bailout, is a vivid reminder of the danger when the line between government and commerce is blurred or destroyed. In a … More

    A Greek Tragedy in the Making

    The proposed €110 billion ($140 billion) Greek rescue package announced on Sunday may well not survive the week. Watching public sector workers storming the Acropolis in protest at proposed government spending cuts and tax increases, raises the question of whether the Greek Government itself can survive. Eurozone countries have agreed … More

    European VAT Tax Evasion No Selling Point

    A big reason Europeans adopted a value-added tax (VAT) was to raise enormous sums to underwrite their social welfare state, but another was that the VAT was supposed to be much more difficult to evade than most other taxes. Europeans have a well-deserved reputation for tax evasion and so their … More

    Is NATO a Pretend Alliance?

    The NATO military operation in Afghanistan is a “NATO operation” in name only. In quality and quantity, most of the forces there are from the English-speaking countries – the United States, the United Kingdom, Australia and Canada. Without a doubt, some NATO nations like Romania, Poland, and Denmark clearly understand … More

    The Future of the Special Relationship

    There will be much at stake when the United Kingdom finally goes to the polls on May 6 after months of phony war between the two leading parties: the future course of the British economy, the fifth largest in the world, now submerged under mountains of debt and regulation after … More

    The Greatest Threat to the Future of the (NATO) Alliance

    The EU’s beleaguered Foreign Minister, Baroness Ashton, stated yesterday that she is no longer opposed to the creation of a permanent EU military headquarters to support a European army that will stand separate from NATO. In a flip-flop that would make John Kerry blush, first she was against the idea … More

    A European Jobs Strategy That Isn't Even Hopeful

    Tomorrow, the European Union will unveil its Europe 2020 strategy, designed to make Europe the most competitive, dynamic, knowledge-based economy by 2020. If the slogan appears familiar, that’s because it is. In 2000, the EU launched its Lisbon Agenda, to make Europe the most competitive, dynamic, knowledge-based economy by 2010. … More

    A Recurring Theme: More Taxes Means Fewer Jobs

    Littered throughout the President’s proposed budget and health care plan are over $2 trillion in new taxes. In the budget we see tax hikes on businesses including the death tax; new detrimental restrictions on a tax provision called “deferral” that is vital for U.S. companies operating abroad; and potential new … More

    Cuban Dissident’s Death Should Renew Front Against Castro

    As noted before at the Foundry, the free expression that we take for granted in the United States is unknown to those living under the Castro regime. In a chilling reminder of the cold authoritarian repression that still exists only 90 miles from the American mainland, Orlando Zapata Tamayo, a … More

    EU’s Barroso Tightens Grip on EU Foreign Policy

    The EU’s appointment of João Vale de Almeida as the new EU Ambassador to Washington confirms European Commission president José Manuel Barroso’s tightening grip on Brussels’ foreign policy levers. Virtually-unknown on the international stage, Vale de Almeida has been Barroso’s head of cabinet for the past five years, and intimately … More