By Milton Ezrati

Russia's energy resources are almost more of a weakness than a strength.

The new Italian prime minister looks like a smart tactician. Is that enough?

Germany has grown more important—and publics have been more attuned to national, not collective, interests.

Reform proposals may be too little, too late.

France's ruinous economic policies could see its influence in the European Union supplanted by Germany's.

Berlin's own interests dictate continued support for a struggling Europe.

Despite its best efforts and growing confidence, the eurozone's troubles persist.

Despite broad and deepening problems, the G-8 got bogged down with Syria and minutiae.

A number of key voices are pushing for relaxed finances and slower structural shifts.

The Cyprus solution drew on normal bankruptcy procedures. Applying this elsewhere could reduce uncertainty.

The Italian election damages the credibility of the Chancellor's euro-crisis strategy.

The divided vote increases the risk of broader financial problems.

If the wrong parties win in February, default could spread across the continent.

The EU is both addicted to austerity and eager to begin overspending again.

Chronic financial mismanagement and a burst real-estate bubble are more than Madrid can handle.

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April 23, 2014