Socialist François Hollande may well win the French presidential election. But don't expect a big brawl or gridlock with German Chancellor Angela Merkel over austerity and debt. Markets will keep Hollande in check. And then there's the tradition of German-French cooperation.
As developed economies deal with debt and emerging economies like China ramp up, the G20 must spearhead coordinated, complementary policies to navigate the choppy waters ahead, especially for Europe. Austerity alone won't do the trick.
Either Europe develops into a political union or it moves backward as a continent of nation-states that have neither political nor economic clout – surpassed by China and other emerging nations.
Europe is at a crossroads. Our preoccupation with the fiscal crisis comes at the expense of the broader EU agenda. We must unite to engage citizens and address the pressing issues of foreign policy, energy, immigration, growth and employment, and other ignored priorities.
Green energy sources now account for 20 percent of Germany's electricity production – a new high. Germany aims to be 35 percent green by 2020, and to have phased out nuclear power by 2022.
The Japan nuclear crisis has 'consequences for the whole world,' German Chancellor Angela Merkel said today ahead of an emergency EU meeting on nuclear power.