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...because what we have is a terrible debt and deficit problem that virtually all European nations share and no collective structures to deal with any of it," says Philippe Moreau Defarge, a European affairs expert at the French Institute on International Relations. "Europe is being forced to recognize it isn't as rich or as well-organized as it thought, and faces several long, hard years of finding its way back to solid ground." (See "Greek Tragedy: Athens' Financial Woes...

Author: /time Magazine | Title: Could the Euro's Days Be Numbered? | 2/19/2010 | See Source »

...Permitting what will essentially become an existential assault on the euro by financial markets isn't something leaders are going to let happen - the political and economic consequences would simply be too grave," says a French government adviser who preferred to remain anonymous because of the sensitivity of the situation. "The pressure being applied by market speculation is making things harder, but far from impossible. The euro isn't going away...

Author: /time Magazine | Title: Could the Euro's Days Be Numbered? | 2/19/2010 | See Source »

...contrast, Reid - a veteran with ample name recognition who is lagging in his race for re-election - "is going to rise and fall on his own," says Sabato. "Appearances by Obama probably won't make much difference." But Obama probably isn't helping; he recently irked Nevada natives by warning Americans not to spend precious dollars on a trip to Las Vegas - a cutting criticism for a city whose lifeblood is tourism. Opponents seized on the remark. Danny Tarkanian, the son of former UNLV basketball coach Jerry Tarkanian and one of Reid's potential Republican opponents, dubbed the meeting between...

Author: /time Magazine | Title: Does Obama Help or Hurt Dems on the Trail? | 2/19/2010 | See Source »

...retired officer from Pakistan's spy agency, the Directorate for Inter-Services Intelligence, isn't so sure. "I personally haven't met anyone who buried Osama," he said in an interview with TIME at his home in Rawalpindi. "It's possible that he found his way to an urban area where he could have received treatment [bin Laden was said to be suffering from a kidney ailment]. But after word that he was crossing the Ghazni Desert, we never heard from him again. But if he is alive, I wish him long life." (See pictures of a jihadist's journey...

Author: /time Magazine | Title: Is the U.S. Hotter on bin Laden's Trail? | 2/19/2010 | See Source »

...glasses and toting a sign that says "Stop Socialism Now - No Government Health Bill." Conard is fed up with political parties and has no interest in starting another one. "Don't call me a Republican. I am an independent thinker against Big Government," he said. "The Tea Party movement isn't a party at all. I'd like politics without parties...

Author: /time Magazine | Title: Why the Tea Party Movement Matters | 2/18/2010 | See Source »

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