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Photograph by Sean Gallup/Getty Images

Photograph by Sean Gallup/Getty Images

Merkel Reigns on Cyprus — Not

Yesterday was the big German parliamentary decision on aid for Cyprus, and the burning question was whether Chancellor Angela Merkel would hold her coalition together or, as in past Bundestag crisis-management moments, rely on opposition votes to pass the package....

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Photograph by Christophe Simon/AFP via Getty Images

Photograph by Christophe Simon/AFP via Getty Images

Brussels and Mrs. Thatcher

Margaret Thatcher spoke about Europe mainly in terms of what she didn’t want: neither a “narrow-minded, inward-looking club” that is “ossified by endless regulation,” nor “an institutional device to be constantly modified according to the dictates of some abstract intellectual...

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Photograph by SeongJoon Cho/Bloomberg

Photograph by SeongJoon Cho/Bloomberg

Is Cyprus Euro-Exit Talk More Than Talk?

Bailed-out and bankingly challenged Cyprus is a “unique case,” the entire European policy establishment tells us. One under-reported way in which Cyprus is unique is that chatter about eventually leaving the euro isn’t limited to the fringes. It’s part of...

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Photograph by Simon Dawson/Bloomberg

Photograph by Simon Dawson/Bloomberg

ECB’s Emergency Cash Becomes Last Bulwark Against Chaos

The euro area has just come as close as it ever has to learning that what the European Central Bank gives, it can also take away. Before euro-area ministers agreed a last-ditch bailout in the small hours of Monday morning,...

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Photograph by Sean Gallup/Getty Images

Photograph by Sean Gallup/Getty Images

Banker-Bonus Rules Stoke Tempers in Berlin

Draft rules to scale back banker bonuses were enough to prompt a public spat yesterday between Deutsche Bank co-Chief Executive Officer Juergen Fitschen and German Finance Minister Wolfgang Schaeuble as the two men sat side-by-side on a panel discussing finance...

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Photograph by Georges Gobet/AFP/Getty Images

Photograph by Georges Gobet/AFP/Getty Images

Monti’s Virtue vs. Germany’s Vices

For once, Mario Monti had a sympathetic audience — dozens of European officials he mingled with and presided over during a 10-year European Commission career that, by the looks of it, he will remember more fondly than the 15 months...

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Photograph by Alessia Pierdomenico/Bloomberg

Photograph by Alessia Pierdomenico/Bloomberg

Italy’s Vote Was Bersani’s to Lose, and He Almost Pulled It Off

The Italian elections were his to lose, and Democratic Party leader Pier Luigi Bersani did a really good job of almost doing just that. Bersani, a former communist who backed Prime Minister Mario Monti’s technical government, squandered a 15-point poll...

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Peer Steinbrueck at an Ash Wednesday political event Feb. 13, 2013

Photograph by Christof Stache/AFP via Getty Images

Peer Steinbrueck at an Ash Wednesday political event Feb. 13, 2013

Steinbrueck Goes Peer-Shaped in Brussels

Peer Steinbrueck made a German campaign cameo in Brussels today and left everyone wondering how he would manage the crisis differently than the woman he is trying to oust in next fall’s German federal election, Chancellor Angela Merkel. Steinbrueck made...

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Photograph by Franco Origlia/Getty Images

Photograph by Franco Origlia/Getty Images

Pope, Music Festival May Have Clipped Berlusconi’s Poll Momentum

Pope Benedict XVI’s surprise resignation and the popular San Remo music festival may have clipped some of former Prime Minister Silvio Berlusconi’s momentum in the campaign for Italy’s end-of-month election amid a blackout on opinion polls. Pope Benedict’s Feb. 11...

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