A Greek Default In All But Name -- Robert J. Samuelson, Washington Post
There’s an Orwellian quality to Europe’s latest financial rescue. Words lose their ordinary meaning. Greece, for example, has clearly defaulted, but no one says so. In July, private lenders agreed “voluntarily” to accept an estimated 21 percent reduction in their loans to Greece. Now that’s been pushed to 50 percent, and private lenders’ consent is still described as “voluntary.” Well, it’s about as “voluntary as when one hands over one’s wallet in response to the choice of, ‘Your money or your life,’ ” notes Douglas Elliott of the Brookings Institution.
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Commentaries, Opinions, And Editorials
Europe’s rescue plan: This week’s summit was supposed to put an end to the euro crisis. It hasn’t -- The Economist
Euro deal reached, but crisis far from over -- Thomas Kleine-Brockhoff, CNN
Europe kowtows to the Chinese dragon -- Jeremy Warner, The Telegraph
Iceland Loses Its Banks, Finds Its Wealth -- Tim Cavanaugh, Reason
Libyan ‘crossfire’ -- Charles Krauthammer, Washington Post
What Libya has inherited from Moammar Gaddafi -- Anne Applebaum, Washington Post
After the retreat from Iraq -- Frederick W. Kagan, The American
The Realist Prism: U.S. Must Put Words Into Action in Asia-Pacific -- Nikolas Gvosdev, World Politics Review
Apocalypse Redux? U.S. Natural Gas Find off Vietnam Could Raise Tensions with China -- John Daly, Oil Price
The continuing need for a strong NATO -- Tom Donilon, Washington Post
In Famine, Vouchers Can Be Tickets to Survival -- Tina Rosenberg, New York Times
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