Anger bubbles over in Athens Photo: Reuters Greek Crisis: Athens To Ashes -- The Telegraph
The Greek horror story should scare us all, says Edmund Conway. Its problems are not unique.
It has all the ingredients for a perfect Hollywood sequel. The cliffhanger plot kicks off right where its predecessor ended; the cast is stellar, some characters from the original reprising their roles. But this time the stakes are even higher, the mood even tenser.
Greece is on the brink of bankruptcy. Based on almost any yardstick, markets are now betting that the government will default on its debt. At a staggering 18 per cent, the going rate to borrow for a mere two years is similar to the penal rates credit card companies charge their dodgiest customers. The government, International Monetary Fund and European Union have promised, vaguely, to hand over the necessary cash to help tide the country over, but to no avail.
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Commentaries, Opinions, And Editorials
The emperor has no clothes and the euro has no future -- Alan Philps, The National
Greece is one giant Ponzi scheme -- Steven R. Earle, National Post
Dangerous Games in Iraq -- New York Times editorial
Is Kim Jong-il Planning to Occupy Seoul? -- Bradley Martin, Real Clear World/Global Post
So, Ready for War With North Korea? -- Tom Plate, Korea Times
Iran’s Secret Uranium Deal with Zimbabwe -- Ryan Mauro, Pajamas Media
Africa Needs a New Map -- G. Pascal Zachary, Foreign Policy
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