Stefan Theil

Despite Unrest, Europe's Center Is Holding

It's easy to read the last few months as one vast refutation of self-regulating capitalism and the elites who nurtured it. Many observers have thus warned that Europe's voters will flock to far-left parties now loudly crowing "told you so." Or, in the opposite direction, to the populist right, whose xenophobic rants have taken aim at globalizing capitalists and immigrants.Instead, Europe's center has held steady, and possibly even gained in strength.

Germany Suffers As Exports Implode

If Americans are in shock over the economic plight that the collapse of the housing bubble has wrought, Germans are simply baffled. In their view, they seem to have done everything right—they have a high savings rate, a solid manufacturing base and no exuberance in their real-estate market, while profligate Americans binge-spent their way to illusory growth.

Greenest Nation

This is a trick question. What big country is, by most measures, greener than Japan and Germany and produces more geothermal energy than all of Europe combined? It might help to know that this nation is also a pioneer in environmental stewardship, having passed many of the world's toughest regulations on vehicle emissions, energy efficiency and nature conservation.

Hey, What Would Mr. Obama Say?

America is back. That's the message the Obama administration is sending to foreign capitals. The new team has moved quickly to repair America's image abroad, promising to suspend torture, close Guantánamo and join the fight against climate change.

Europe Loves Obama But Would Never Vote For Him

What was most interesting about the throngs who came to see Barack Obama in Europe last week was never articulated in public. It's that they adore him for America (the Bild tabloid called the German reaction "love at first sight") but would never get to vote for someone like him at home.To be sure, Europeans swinging American flags again instead of burning effigies of the U.S. president is a refreshing sight.

The Odd Couple

Germany's unwieldy grand coalition is making for a confused foreign policy—and it could get much worse.