It took brave, radical thinking for President Emmanuel Macron to transform French politics so completely. Reforming the French economy will demand no less focus and ambition. To judge by the speech he gave at Versailles last week, there’ll be no lack of ambition: It was positively regal. Focus, though, was less apparent. Once he turns to the task of governing, ...

When United Airlines called security to drag passenger David Dao off of his flight back in April, some observers cheered the airline’s falling stock price, expressing the hope that this would punish the company’s executives and owners and spur them to implement a more passenger-friendly attitude. United’s stock quickly recovered. But even had it fallen a lot and not bounced ...

As Europe’s politicians digest the lessons from Italy’s recent 17 billion euro ($19.34 billion) bailout of two Venetian banks, two schools of opinion have emerged. The majority view is that the bailout, while less than ideal, at least brought greater financial stability to Italy. Italians themselves seem pleased with the outcome. So far there has been no great taxpayer outcry, ...