Political leaders in Europe have not been shy in expressing their anger about recent revelations about the United States spying on the EU. Germany’s justice minister has said that the United States’ expansive spying programs — the United States is alleged to have spied not only on the electronic communications of European citizens, but on ...

How a central bank created to exist apart from politics got drawn into bitter political arguments. In September, the European Central Bank announced that it had taken decisions on a “number of technical features regarding the Eurosystem’s outright transactions in secondary sovereign bond markets.” The ECB did all it could to make these decisions sound ...