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The problems that led to the crisis in Europe go beyond just fiscal profligacy and will take a long time to correct. Though the euro will likely survive the adjustment, the crisis could still have a profound effect on the global economy.
President Obama had no choice but to dismiss McChrystal. With Petraeus, though, he managed to make a personnel change without a hint of policy change.
There are growing concerns that China and the United States are on a collision course over Chinese plans to build two nuclear reactors in the Punjab province of Pakistan.
The recent UN sanctions may have been diluted by the strategic interests of members of the UN Security Council, but they could have a stronger impact if they lead to more unilateral sanctions from European countries.
A year after the June 2009 controversial presidential elections in Iran, domestic discontent continues to simmer and the Iranian regime faces a new round of international economic sanctions.
One year after Iran was shaken by massive street demonstrations to protest the results of the presidential elections, the political, social, and economic malaise that led to those demonstrations remains strong.
The Middle East is in a state of heightened tension following Israel’s armed attack on a flotilla of humanitarian aid. If nations in the region are determined to provoke a war, little can be done to prevent conflict from escalating.
Turkey is one of the most economically and politically powerful states in the Middle East and it has recently been taking steps to fill the leadership vacuum that exists in the region.
Turkey is strongly condemning Israel for the attack Monday on a six-ship flotilla taking humanitarian aid to the Gaza Strip. The attack has dealt a very public setback to Israeli-Turkish relations, which have been slowly deteriorating for several years.
The attack on the flotilla headed for Gaza was not only a political catastrophe for the Israelis; it also underscored the tragedy of the situation in Gaza and the need for substantive progress to be made in the peace process.