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...Egyptians are suggesting that both sides agree to an immediate truce, then work out long-term details on lifting the Israeli blockade of Gaza. However, one member of the Hamas politburo in Damascus complained to TIME that the proposal does not call for the immediate withdrawal of Israeli troops from Gaza. "Without that, it's a joke," he said...
...currency has weakened somewhat recently, Bank of Japan governor Masaaki Shirakawa said Sunday that currency-market intervention was possible if the yen's rise resumes. "The strong yen at a time of rapid decline in the global economy has a big negative impact on our economy in the short term," Shirakawa said. (See pictures of Japan and the world...
...Liberti says Putin's use of energy as a political tool - and his recent defiance of Europe and the rest of the world in Russia's military clash with Georgia - may signal that the Russian leader believes he risks little more than short-term trouble in making internationally unpopular moves that serve his interests. Liberti also suggests that the winter freeze and the assumption of the E.U. presidency by the Czech Republic, an ex-Soviet satellite, may have added to Putin's motivations. "Putin is reminding Europe [that] Russia's a force to be reckoned with, and that its position...
...Minister Recep Tayyip Erdogan visited Arab leaders in Syria, Egypt, Jordan and Saudi Arabia to promote a cease-fire. He also spoke to Iranian President Mahmoud Ahmadinejad, and this week Erdogan's Foreign Minister is promoting truce proposals at the United Nations, where Turkey is starting a two-year term as a member of the Security Council...
...with strong military and economic ties to Israel, which supplies Ankara with defense equipment estimated at $100 million annually. The two countries also have a long-established relationship of intelligence cooperation. So, though Erdogan lambasted Israel's Gaza attacks as a "crime against humanity," he also affirmed that long-term relations between the two countries would not suffer...