The drama of Ukraine and Greece has left old-fashioned economic data in the shade so far this year but, quietly, there are some signs of improvement for the moribund euro zone economy.
Earlier this month, Tunisia's newly elected parliament cobbled together a coalition government led by a secular party that included its Islamist rivals, who had been democratically ousted from power. The new government, coming on the heels of a historic presidential election, a new constitution and the first democratic elections to be held during the Arab Spring, marks an astonishing democratic culmination in the birthplace of the movement. It has also proven hard to replicate.
Two vital gauges of euro zone progress, or lack of it, today.
German inflation for November is forecast to slip to 0.6 percent and will cue up the euro zone figure on Friday, which is predicted to come in at just 0.3 percent. Spanish inflation, due earlier, is forecast to come in at -0.3 percent.
After Germany's foreign minister saw "no reason for optimism" after talks in Moscow on Tuesday, today Hungary’s Peter Szijjarto meets Russian Foreign Minister Sergei Lavrov. Violence is on the rise again in eastern Ukraine and tougher sanctions against Russia remain a live possibility although EU foreign ministers limited themselves to targeting a few more Ukrainian separatists earlier this week.
On Sunday, June 22, 1941, Winston Churchill’s private secretary, John Colville, woke him with the news that Nazi Germany had invaded the Soviet Union. In a radio address that same evening, the British prime minister repeated his “consistent” opposition to communism, but said that “all this flashes away … the Russian danger is therefore our danger.” In a later House of Commons debate, Churchill quipped -- “If Hitler invaded Hell, I would at least make a favorable reference to the devil in the House of Commons.”
“We are now living in what we might as well admit is the Age of Iraq,” New York Times op-ed columnist David Brooks recently wrote. There, in the Land of the Two Rivers, he continued, the United States confronts the “core problem” of our era -- “the interaction between failing secular governance and radical Islam.”
1. Inside Qatar: the terrorists’ benefactor and America’s friend
As the war in Gaza continues, we keep hearing that one pipeline for negotiations with Hamas goes through Qatar, the tiny, oil-rich kingdom in the Gulf that has friendly relations with Hamas. In fact, Qatar hosts the leaders of Hamas and provides financial support.