One day he may even have some real muscle at his disposal, if governments agree to give the Union more of a say in Europe's defence.
What about breaking ground outside the U.S., say, in Europe, where REITs are gaining popularity?
Yet many foreign managers working locally say bosses in Europe or America do not understand these problems, or do not want to hear about them.
Banks say that costs in Europe are several times America's, where the Depository Trust and Clearing Corporation handles most security trades.
But analysts say economic trouble in Europe is likely to slow VW's growth and keep the automaker in third place this year.
That persuaded French Prime Minister Jean-Marc Ayrault, in an apparent reference to Ms Merkel, to say that "the situation in Europe is sufficiently critical not to give in to simplistic talk".
It's safe to say that no country in Europe is succeeding at that all-important job.
CNN: Germany's Merkel is right -- multiculturalism has failed
As I say, any beach in Europe will give you more semi-naked women than all the British newspapers put together.
But while Western culture as a whole has become more accepting of gay men and women, those who follow the progress of gay athletes say the football culture in Europe and the UK has a long way to go to make the sport more welcoming.
The bank has largely stopped lending to the public sector in Central Europe, they say, and its private-sector loans are in out-of-the-way places, or to industries that would otherwise be neglected.
Needless to say, very few people in Europe had any idea that Cyprus is facing these two drastic options in March 2013.
FORBES: Odd Cyprus Message: Levy Was an Absolute Necessity and It Will Never Be Repeated
The Nikkei 225 price-to-earnings ratio now stands at about 18.7 times, higher than about 16 times in the U.S. and 12 times in Europe, but analysts say that ratio will fall to around 16 times if earnings figures come in line with forecasts.
Leading officials in Brussels say they have to convince voters that Europe's model of open borders is in the interests of the ordinary citizen.
It is hardly an opportune time to invest in Europe, sceptics say.
Firstly, in Europe, reports say that an EU committee has finally ruled that Microsoft did not comply with a landmark antitrust decision by the European Commission in 2004.
The bank's critics say it must do less in Central Europe, where output has returned to pre-1989 levels, and more in the former Soviet Union, where it languishes 40% below.
Firstly, in Europe, reports say that an EU committee has finally ruled that Microsoft (nasdaq: MSFT - news - people ) did not comply with a landmark antitrust decision by the European Commission in 2004.
This means that you only need to have one EU company to trade anywhere in the EU. So, if you were an American company that wanted to sell in Europe you could set up a subsidiary in, say, Ireland, and sell to all of the other 26 countries from there.
This is not to say that Europe has no shale efforts in their future.
Experts say they have suffered a widespread decline in Europe during the 20th Century, although they are now showing signs of recovery.
Miss O'Hara said Ms Halstead rang her from Europe in 1990 to say Mr Sweeney had "tracked her down and was stalking her".
Oil industry sources quoted by Reuters news agency say Iran's top oil buyers in Europe have already started reducing purchases of Iranian crude.
It is to say a new historic stage in relations between Europe and the United States -- not only economically, but also from a political and moral point of view.
You know, we just think they have much, much better fundamentals than in the US or the developed markets, and yet they have got coupons or bond yields that are substantially above rates that you can get in, say, the US, Europe, or Japan.
The gap in attitudes between the global middle class and the poor seems greater in most of eastern Europe and Spanish-speaking Latin America than in, say, Egypt, India and Brazil.
He will say to Europe that he has anchored Greece in the eurozone and wants something in return.
The idea of giving shareholders a "say-on-pay" is popular in Europe and is growing in popularity in the United States.
Van Heijst may be looking through hopeful eyes, but softball officials say there does need to be more development in Europe.
This group, they say, trains in Albania proper and in Western Europe.
Despite all of the pessimism about Europe, strategists say a bounce in the euro may occur just because the single currency is oversold.
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