Europe

10:03am

Wed January 25, 2012
The Two-Way

Europe Lacks Structures To Make Euro Work Properly, Merkel Says

Europe does not now have the "political structures" to make the euro work properly, German Chancellor Angela Merkel told world leaders today.

At the World Economic Forum in Davos, Switzerland, The Associated Press reports, "she said the weaknesses 'arose over years — so they can't be overcome at one fell swoop.' "

But, Merkel added, "we are determined to do this."

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10:01pm

Tue January 24, 2012
Middle East

Can Sanctions Alone Get Iran To Negotiate?

Originally published on Wed January 25, 2012 8:44 am

Fishing boats are seen in front of oil tankers on the Persian Gulf waters, south of the Strait of Hormuz. The European Union has announced plans to join U.S. efforts to slow the flow of oil from Iran, the world's third largest exporter.
Kamran Jebreili AP

In an effort to bring Iran to the negotiating table over its nuclear program through economic pain, both the U.S. and the European Union have imposed sanctions that should make it harder for Iran to sell its oil. But the global oil business is unpredictable, and sanctions are no guarantee.

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4:22pm

Mon January 23, 2012
Europe

EU Squeezes Iran With New Oil Sanctions

The EU has agreed to an embargo on buying oil from Iran in the latest sanction against that country for its nuclear program. Catherine Ashton, the EU foreign policy chief, speaks here in Brussels on Monday following a meeting of EU foreign ministers.
Virginia Mayo AP

The battle over Iran's nuclear program escalated Monday as the European Union announced an embargo on importing oil from Iran.

For years, Europe has been reluctant to join the United States in imposing tough sanctions on Iran. The United States years ago stopped buying Iranian oil, while European nations including France, Spain, Italy, and Greece kept up their purchases. European countries right now buy about 600,000 barrels of oil per day from Iran.

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5:24am

Mon January 23, 2012
The Two-Way

EU Approves Embargo On Iranian Oil

Originally published on Mon January 23, 2012 10:06 am

The European Union officially agreed to impose an embargo on Iranian oil, today. The AP reports that the union's 27 foreign ministers agreed on an immediate ban on new contracts for oil and existing contracts will be allowed to run through July 1.

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3:00am

Sat January 21, 2012
Europe

New U.S. Ambassador Already Facing Critics In Russia

Originally published on Sat January 21, 2012 8:31 am

Michael McFaul, the architect of the reset of relations with Russia, is now the U.S. ambassador to Moscow as the countries work through a series of difficult issues. Here, McFaul is shown at his Jan. 10 swearing-in at the Sate Department, a ceremony presided over by Secretary of State Hillary Clinton.
Astrid Riecken Getty images

In the early days of the Obama administration, Michael McFaul made his mark as the architect of the so-called reset of relations with Russia.

Now, as the new U.S. ambassador to Moscow, McFaul may need to reset relations once again as the two countries go through another rough patch.

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