Pakistani Push-back – In an interview with the Guardian, Pakistani Prime Minister Yousaf Raza Gilani insists his country did not shelter Osama bin Laden and blames global intelligence shortcomings for allowing the late al-Qaeda …
Greece
Must-Reads from Around the World, May 8, 2012
Late-Night Surprise – Israel’s Haaretz reports on the unexpected agreement early Tuesday between Prime Minister Benjamin Netanyahu and opposition Kadima Party chairman Shaul Mofaz to form a national unity government. The move …
Must-Reads from Around the World, May 1, 2012
Conduct Report – British MPs tasked with investigating allegations of phone hacking at Rupert Murdoch’s now-defunct tabloid, News of the World, have released a long-awaited final report on the matter. The Daily Telegraph is …
Must-Reads From Around the World: April 12, 2012
Pyongyang’s Plan – Despite mounting international pressure, a defiant North Korea appears poised to launch its Unha-3 rocket, viewed by the U.S. and others as a ballistic missile test that violates U.N. resolutions aimed at …
Must-Reads from Around the World: April 5, 2012
In Response – Under the headline “Nobel Laureates Clueless About Real Tibet,” semi-official mouthpiece Global Times rebuts a recent open letter from 12 Nobel laureates to Chinese leaders raising concerns about the self-immolation …
Must-Reads from Around the World: February 14, 2012
The Greek Way of Life – Austerity measures aimed at rescuing Greece have hammered the economy, the Washington Post reports. Figures released Tuesday show the GDP dropped by 7% for the final quarter of 2011. Response to the …
For Now, the Eurozone and the Markets Pooh-pooh the Downgrades. But the Long-Term Looms
Modestly positive trading on European stock markets Monday morning appeared to confirm what euro zone leaders had predicted for weeks: that the decision Friday by Standard & Poor’s to cut the credit rating of nine European …
The French on a Credit Downgrade Threat: Pick on Britain
Tis the season—for painful downgrades by credit agencies that is, as Thursday’s move by Fitch targeting six of the world’s largest banks again shows. And indeed, because such action is now so common, the big question …
As the Crisis Refuses to Calm, Scenarios of Euro Collapse Appear
Despite the distracting political drama over the UK’s outlier rejection at last week’s European Union agreement on fiscal and budgetary coordination, it’s now become clear that main objective of the collective effort–to ensure …
Crunch Time for the Euro and Europe: Taking Note of the Elephant
Elephant, meet room.
Doubt and despair returned to Europe by Tuesday despite positive reaction a day earlier to the French-German proposals to save the teetering euro. The reason? The pachyderm in the room that markets see all …
Europe’s Debt Tragicomedy: Horror Show Turns Into Shambolic Farce
There are occasions when even the scariest of movies will push the atmosphere of dread, danger, and doom a bit too far, and leave the scenario of improbable horror and panic feeling just stupid. That moment has arrived in Nightmare On Euro Street, as people who watched Europe’s escalating crisis through their fingers in terror begin …
Greek Political Crisis Gets Animated
[youtube=http://www.youtube.com/watch?v=yiH-a0JRUZE&feature=player_embedded]
Taiwan’s Next Media animators are on the case yet again. As Greece’s Socialists, led by outgoing Prime Minister George Papandreou, struggle to form a coalition government with the rival New Democrats, let this 1-minute primer set it all up for you. With …
At Cannes G20 Summit, Europe’s Currency and Leadership Pushed to the Brink
They may be clichés, but the phrases “life isn’t always fair”, and “things don’t necessarily work out the way you’d like” are cruel realities that French President Nicolas Sarkozy has to be ruefully mulling over just now. Rather than basking in the sunlight of a France-presided G20 summit meant to usher in major …