European integration is boring, even when it is exciting. Over the past eighteen months, crisis has piled upon crisis in the European Union’s single-currency area, the so-called eurozone. The European project of creating an ever closer union among its member states may be about to crash, crippling America’s economy as well as Europe’s. The Washington ...

During the war on terror, the United States quietly turned the world financial system into a hidden empire. The American government used the power of the dollar and its influence over obscure organizations such as the Swift financial messaging service to monitor what its adversaries and terrorists were doing and, in some cases, to cut ...