Reserve currency Commentary

Saving Athens

Closer European financial integration is the best way to solve the Greek debt crisis. The future of the EU is at stake.

A War We Can't Afford

We can’t pay for the conflict in Afghanistan. So why are we still there?

Loose BRICs

Americans shouldn’t be alarmed by the BRIC summit. The body is just another toothless international grouping, not an attempt to exert hard power.

The Next Depression?

As the U.S. economy slows and the dollar loses value, Washington faces a tough choice: letting the market right itself or succumbing to the rising protectionist tide. Will policy makers act responsibly or try to score cheap political points?

Is Black Really the New Green?

Will rising powers like China and Russia use their vast currency reserves to undercut U.S. foreign policy? On Friday, experts Flynt Leverett and Brad Setser laid out the possibilities—and dispelled some myths.

Sudan Bids Farewell to the Greenback

Is Sudan’s decision to stop using the dollar yesterday proof of Flynt Leverett’s thesis?

Euro Implications for US Foreign Policy

The introduction of the Euro as the common currency of several EU countries has to date had little impact on relations between the US and those countries.

Power and Deficit Spending

The durability of the American triumph in Iraq will presumably depend on factors more political and diplomatic than strictly military.

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May 26, 2012