Tomorrow, Dutch elections and the German Constitutional Court's decision on the eurozone bailout fund have the potential to shake up the plan for Europe's debt crisis – again. Europe must shift away from piecemeal, stopgap measures and set the framework for a true banking union.
In his acceptance speech at the Democratic National Convention, President Obama pointed to foreign policy successes, such as killing Osama bin Laden. But he and GOP nominee Mitt Romney still need to lay out a vision for a changing world. US influence depends on its competitiveness.
Any deficit is a bad deficit, but Italy, Portugal, and Greece are taking bug strides in reducing their national debts.