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Undoubtedly, there is a stigma that is attendant to being bailed out by the IMF, which most often works with developing nations that are facing severe economic problems. However, Greece and the EU must not be so proud as to turn up their nose at the only realistic alternative that does not entirely sacrifice Greek sovereignty or reach beyond the limited powers granted the EU. Giving Greece this slap on the wrist for its economic mismanagement would also encourage other troubled eurozone economies that may be counting on the cushion of Franco-German bailout to finally institute meaningful fiscal...
Pakistani military officers, politicians and diplomats say that Islamabad has a short window of opportunity to improve the lives of the frontier tribesmen. Otherwise, they will turn angrily against Islamabad and wave in the Taliban and al-Qaeda fighters who are now scattered in the mountains. "We need to bring in reforms swiftly," says Shah...
...whatever brave tribal maliks they can find. The idea, say Pakistani military officials, is to identify fast projects - small dams or marble quarries, for example - and get them built and working under the protection of those tribes that will benefit directly. Only this way, say officials, can the tribes turn away from the militant-run enterprises - banditry and running guns and drugs - that earn them money...
...security. "How are we to say to Russian leaders, 'We need you for peace, like on Iran,' but then say, 'We don't trust you'? That would be totally inconsistent," Sarkozy tartly said on Monday night, when he was questioned by reporters on the sale. "We want to turn the page on the Cold War." (See pictures of Russia celebrating Victory...
Labor unrest and economic anxiety may not be among the headlines coming out of Iran since the controversial presidential election of June 2009, but they could turn out to be critical factors in the fate of the Islamic Republic. Indeed, the regime is so sensitive about the country's well-being that it has been obfuscating economic statistics - or simply not reporting them...