The Eurozone: Rebound or Requiem?
Europe and the sovereign debt crisis have dominated headlines on both sides of the Atlantic for the past two years. European leaders have held summit after summit discussing bailouts, firepower, haircuts, firewalls, the role of the European Central Bank, solidarity, national sovereignty, austerity, and even the nature of the EU itself. European officials assure Washington they are charting a way out of the crisis; the Union will emerge stronger; and it is the United States that has the greater economic and political challenges. Some in the United States openly question the European social model; whether the Euro will survive; and if there's still a future for the European project. One way or another, the crisis is transforming Europe and the transatlantic relationship in a profound way.