Something odd happened during Wednesday’s press conference between Barack Obama and Benjamin Netanyahu. When asked to address the Palestinian issue, the U.S. president on three occasions said that he would have more to say when he spoke directly to the Israeli people. The apparent takeaway is that for Obama, spending (wasting?) too much time trying […]
In the last 200 years, there have been more than 250 cases of sovereign-debt default, and 68 cases of domestic-debt default. None of these was an isolated incident. Indeed, such defaults – combined with factors like large current-account or fiscal deficits, overvalued currencies, high public-sector debt, and insufficient foreign-exchange reserves – have always triggered financial […]
Exploratory drilling near the coasts of Cyprus, Egypt, Israel, Lebanon, Syria, and Turkey has unearthed vast reserves of natural gas. Competition over the rights to tap those resources is compounding existing tensions over sovereignty and maritime borders. The eastern Mediterranean is quickly becoming as volatile as its eastern cousin, the South China Sea. Read Here […]
The party, for Xi Jinping, is paramount. It should not only lead and unite the people, but also build socialism with Chinese characteristics. In there is a message for the Chinese people: The party is the only organisation that can look after you and ensure your well-being; it will continue to do so even it […]
In the early hours of March 4, 1924, a middle-aged man and his family left the Dolmabahce Palace in central Istanbul and headed to the train station. Their destination was Switzerland and then Paris, where the man, Abdulmecid II, died 20 years later, and was buried in Medina. Abdulmecid II was the last caliph of Islam, the […]
Chinese President Xi Jinping said here Tuesday that cooperation among BRICS countries will help make the global economy more balanced, improve global economic governance and promote democracy in international relations. Read Here – Xinhua
It is still, on occasion, good to be the king. It is not necessarily good to be the king of a Middle Eastern country that is bereft of oil; nor is it necessarily so wonderful to be the king during the turmoil and uncertainty of the Arab Spring. It is certainly not good to be […]
One way or another, the situation is Cyprus likely marks a major turning point in the eurozone crisis. It could be the beginning of true disaster for the zone, eventually leading to a series of sovereign debt defaults and possible exits from the euro area. It could also be the point at which we learn […]
The Tallinn Manual, the first attempt to lay down international ground rules for cyberwar, was published this week under the direction of NATO’s think tank, the NATO Cooperative Cyber Defense Center of Excellence. Written by more than 40 academics, lawyers, and experts from NATO countries, the 282-page manual defines under which conditions a country can respond to […]
This month’s session of China’s National People’s Congress probably wasn’t one for the history books. Talk of reform continued, but the new government positions don’t go past a number of small-bore reforms that aim to centralize the management of a range of hot-button issues. Read Here – The Diplomat
