The new think tank the European Council on Foreign Relations hopes to steer the European Union back onto the center of the world stage. Its 50 founding members include leading European intellectuals such as Timothy Garton Ash, Joschka Fischer, Brian Eno and Rem Koolhaas. The European Union is 50 years old this year, and two years into its mid-life crisis; ever since the resounding French and Dutch "no" votes against the European Constitution, the bloc has languished in stagnation, paralyzed by indecision and a lack of confidence. "The EU continues to underperform on the world stage," wrote former German Foreign...