Special Report

Deep Dive can europe be saved?

Can Europe's struggling economies be saved or are we too far down the road to meltdown? Will the contagion reach the United States? And what's at the root of the crisis -- political or economic dysfunction? In this edition of the Foreign Policy/Brookings Institution Deep Dive, we delve into the dimensions of the European debt crisis, the potential solutions, and the future of the eurozone and global financial system -- starting with a briefing on how the IMF could rescue Europe by Brookings scholars Domenico Lombardi and Sarah Puritz Milsom. Former Obama administration economic adviser Larry Summers, Pimco CEO Mohamed El-Erian, Berkeley economist Barry Eichengreen, and others also weigh in -- with almost uniformly gloomy news. Thankfully, our contributors also offer prescriptions for a solution to the eurozone crisis -- ranging from conditional Eurobonds to sweeping bank bailouts to a wholesale retreat from neoliberalism. As Europe takes its first furtive steps toward greater fiscal unity while Britain lingers behind, markets churn, and periphery economies wobble -- this in-depth special report couldn't be more timely.

  • Downward Spiral

    Downward Spiral
    By Mohamed El-Erian

  • The Last Hope for Redemption

    The Last Hope for Redemption
    By John Muellbauer

  • Blame the Banks

    Keeping Markets Happy
    By Rick Rowden

  • It's the Politics, Stupid

    It's the Politics, Stupid
    By Kathleen McNamara

  • A Bridge to Nowhere

    A Bridge to Nowhere
    By Barry Eichengreen

  • The Euro-Area Crisis

    BRIEFING: Weighing Options for Unconventional IMF Interventions
    By Domenico Lombardi, Sarah Puritz Milsom

  • Where There’s a Will...

    Where There’s a Will...
    By Mark S. Sheetz

  • Where There’s a Will...

    An Interview With Larry Summers
    By Uri Friedman

  • Bitter Medicine
    By Karl Smith

  • The Reluctant Firewall
    By David Bosco

  • A Watchful Eye
    By Martin S. Edwards

  • China to the Rescue?
    By Jean Pisani-Ferry

FP's Exclusive New Ebook: Revolution in the Arab World

Previously on Deep Dive

The Future of Trade


The Future of Trade


Special Report

The FP Top 100 Global Thinkers Video Series

Amy Chua

FP magazine blogger Daniel Drezner interviews Amy Chua, author of The Battle Hymn of the Tiger Mother, and her father Leon Chua.

Jared Cohen

FP Managing Editor Blake Hounshell interviews Jared Cohen, director of Google Ideas, on Twitter, U.S. foreign policy, and the Arab Spring.

Gene Sharp

FP magazine blogger Thomas E. Ricks interviews political scientist Gene Sharp on the changing perceptions of nonviolent movements after the Arab Spring.

David Beers

FP Managing Editor Blake Hounshell interviews 2011 Global Thinker David Beers. Beers, of Standard and Poor's, was recognized on the 2011 list for forcing a long-overdue conversation on America's debt.

Andy Sumner

FP magazine blogger Thomas E. Ricks interviews economist Andy Sumner on the future of foreign aid and why Senegal isn't as poor as you think it is.

Arvind Subramanian

FP magazine blogger Thomas E. Ricks asks Arvind Subramanian of the Peterson Institute for International Economics why China is already the world's most dominant power.

Saskia Sassen

FP magazine blogger Daniel Drezner speaks with Columbia University sociologist Saskia Sassen on the challenges of the megalopolis and the potential for reverse migration.

Lant Pritchett

FP magazine Managing Editor Blake Hounshell speaks with Harvard University economist Lant Pritchett about Asian success stories, what India's doing wrong, and Islamic politics.

The Arab Revolutionaries

Global Thinkers Srdja Popovic, Manal al-Sharif, and Rached Ghannouchi join Foreign Policy Editor in Chief Susan Glasser for a discussion on the revolutions that swept the Arab world in 2011.

Joseph S. Nye

FP's Managing Editor Blake Hounshell asks Harvard political scientist Joseph Nye about the Obama administration's use of "soft power" and the intervention in Libya.

Bjorn Lomborg

FP Managing Editor Blake Hounshell speaks with Copenhagen Consensus Center Director Bjorn Lomborg on climate change, China, and why he's not actually a contrarian.

Rick Falkvinge

FP Managing Editor Blake Hounshell speaks with Pirate Party founder Rick Falkvinge on intellectual property and copyright in the age of the internet.

Mizuho Fukushima

FP magazine blogger Daniel Drezner talks to Japanese anti-nuke activist Mizuho Fukushima about nuclear power before and after the tsunami in Japan.

Deepa Narayan

FP Managing Editor Blake Hounshell interviews poverty researcher Deepa Narayan on why it's so hard to define poverty.