A sculpture showing the euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt April 1, 2010. Credit: Reuters/Kai PfaffenbachGreece, The IMF, And What Comes Next -- Peter Boone and Simon Johnson, Baseline Scenario
The latest developments from Europe – including Greece appealing for an IMF program today – may well be a watershed, but if so, it is not a good one. The key event yesterday was that the yield on all the debt of weak eurozone governments widened while German yields fell. The spreads show all you need to know: a very clear and large contagion risk.
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Commentaries, Opinions, And Editorials
China and the Lost Pearls -- Michael Mazza, The American
Mr. Karzai Might Even Agree -- New York Times editorial
Korea has three means by which it can retaliate for the loss of the Cheonan: sanctions, a lawsuit or a blockade. -- Kim Hyun-soo, Joong Ang Daily
Red sirens in the Middle East -- Sami Moubayed, Asia Times
U.S. targets an American abroad -- Vicki Divoll
Power shifts away from ideals of Orange Revolution -- Dan McLaughlin, Irish Times
Britain needs the Navy to provide firepower – not a ferry service -- Con Coughlin, The Telegraph
Could water ignite the next war? -- D. Bloomfield, Jerusalem Post
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