European Central Bank President Mario Draghi is set to preside over a lot of nothing happening at policy meeting. This would be a missed opportunity. Bundesbank actions are worsening already-dangerous inefficiencies in European markets, and undermining the impact of the ECB’s bond purchases. Draghi has to demonstrate that his Governing Council is not controlled by the Germans. Financial creativity …

  To govern India is to be constantly overwhelmed. So much needs to be done, and there’s so little to do it with. It’s hardly surprising that the Indian state is rarely ambitious. It seeks to manage, not to transform. One recent government initiative, less than a decade old, is by contrast epic in scope: the attempt to provide every …

  ANKARA / AP The United States risks major damage to its relationship with NATO ally Turkey if the US includes Kurdish forces in the fight to retake Raqqa, the IS group’s de facto capital, Turkish Prime Minister Binali Yildirim said on Thursday. Turkey and the US are locked in a heated dispute about US plans to liberate Raqqa, with …