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Anyone believing the global economic crisis to be over should have taken a look around Europe this week. Desperate to revive his country's feeble economy, Irish Finance Minister Brian Lenihan promised $6 billion worth of savings in a budget aimed at taming the country's stubborn deficit. The plan...

Author: /time Magazine | Title: Why Greece Could Be the Next Dubai | 12/9/2009 | See Source »

Getting out of it won't be easy. Jean-Claude Trichet, president of the European Central Bank, which sets interest rates for the euro zone's 16 countries, urged the country on Monday, Dec. 7, to take "courageous" steps to tackle the crisis. Greek Finance Minister George Papaconstantinou, part of...

Author: /time Magazine | Title: Why Greece Could Be the Next Dubai | 12/9/2009 | See Source »

When Vladimir Putin took to the airwaves on Dec. 3 for his annual call-in show on state-run television, the questions and Putin's answers appeared natural and unprompted. But as with many high-profile political campaigns in the West, little is left to chance at the upper echelons...

Author: /time Magazine | Title: Putin: Yes, I May Run Again. Thanks for Asking | 12/9/2009 | See Source »

Putin's answer was hardly surprising. In 2008, with the constitution barring him from running for a third four-year term, Putin stepped down as President, chose ally Dmitri Medvedev as a successor and then took the post of Prime Minister for himself. Widely regarded as a placeholder President, Medvedev...

Author: /time Magazine | Title: Putin: Yes, I May Run Again. Thanks for Asking | 12/9/2009 | See Source »

Indeed, just hours after Putin made his remarks about the 2012 vote, Medvedev chimed in with his support. "Prime Minister Putin said he doesn't rule out this possibility [of seeking re-election], and I also say I don't rule it out," Medvedev said. "We will be able to...

Author: /time Magazine | Title: Putin: Yes, I May Run Again. Thanks for Asking | 12/9/2009 | See Source »

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