VIENNA -- The deal on Friday in Brussels to reformulate the rules of the euro zone has probably saved the shared currency for now -- but there may be less to it than meets the eye. At least four major issues still need to be resolved: how much money is needed to protect Italy now from speculative attack; whether banks will stumble because of the...
BERLIN -- Ah, how politically rare and tingly: a man in a white hat riding into town to stare down or be gunned down by a guy in a black one. The fellow on the horse, according to this scenario, is Joschka Fischer, the former German foreign minister, who's just been hired by two of the members of the consortium backing the projected Nabucco natural...

The European Union is an extraordinary experiment in shared sovereignty, creating a zone of peace that now stretches from Britain to the Balkans. The union of 27 countries is the world's most formidable economic bloc, incorporating 491 million people in an integrated market that produces nearly a third more than the United States. But the global...